B2B supplier of internet gaming enterprise software GAN has reported a record level of trading for Q3 2018, driven by the launch of its second New Jersey client Ocean Resort Casino.
Gross operator revenue stood at US$26.7m for the third quarter, an 11.3 per cent increase on Q2 2018 and a 40.1 per cent improvement year-on-year. This also reflected strong growth in real-money gambling in Italy.
GAN also reported an 8.6 per cent quarter-on-quarter growth in active player-days in Q3 2018 to 3.4m.
The company launched regulated internet sports betting for PaddyPower Betfair’s enlarged US business FanDuel Group on September 1.
Dermot Smurfit, CEO of GAN, said: "GAN traded at record levels during these past two quarters with significant growth in Q3 driven by the launch of our second New Jersey client of regulated gaming accelerated by the first month of US internet sports betting in September.
“The new KPI 'Gross Operator Revenue' identifies the GAN-enabled revenues delivered to our clients operating their simulated gaming and/or regulated gambling business on our technology platform, in which GAN participates."
