GAN sees 5% growth

Business News

GAN PLC on Friday reported strong momentum in the fourth quarter with the breakthrough of three million active player days for the first time, as average revenue per active player-day returned to growth following decline in the previous two quarters.

The internet gaming software developer and supplier said that it recorded 3.1 million active player days in the fourth quarter of 2017, up 2.3% from 3.0 million in the third quarter, the sixth successive quarter of growth in the metric. Average revenue per active player-day increased by 5.1% to USD6.68, from USD6.36 the quarter before.

“Our sixth successive quarter of growth continues to demonstrate the sustained progress GAN has made in developing our market position in the US focusing on real money regulated gaming in New Jersey and simulated gaming for clients coast-to-coast across America supported by substantial organic growth in Italy, one of Europe’s largest regulated markets for Internet gambling,” GAN Chief Executive Dermot Smurfit said.