GAN has reported a significant increase in revenue in the final quarter of 2018, driven by record growth in the US and Europe.

The gaming software developer said gross operator revenue more than doubled in the three months to the end of December to USD41.8 million, driven by strong growth in real money regulated gambling in the US and Europe.

Gross operator revenue comprises gross revenue from simulated gaming, gross gaming revenue from real money regulated gaming, and gross sports wins from real money regulated sports betting.

“online sports betting in New Jersey drove exceptional growth of gross operator revenue in the last quarter of 2018 with a significant positive impact on Casino revenue from cross-selling casino games to sports gamblers,” said Chief Executive Dermot Smurfit.