Gambling in the USA

GAN Releases Quarterly Key Performance Indicators for Q2 2019

Published

6 years ago

August 2, 2019

Niji Narayan

GAN Releases Quarterly Key Performance Indicators for Q2 2019

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GAN has released the quarterly key performance indicators for Q2 2019. The performance indicators highlights continued YoY growth reflecting high demand for internet sports betting and casino cross-selling from Internet sports bettors into internet casino gaming in New Jersey.

Gross Operator Revenue increased 128.3% year-over-year and -7.3% quarter-over-quarter to $54.8 million. Active Player-Days at 4.8 million is an increase of 52% year-over-year and decline of -9.9% quarter over quarter.

“The extraordinary year on year growth rate experienced in Q2 reinforces our confidence in the U.S. strategy executed on by GAN following the repeal of PASPA, as well as our Platform technology’s ability to scale to meet the needs of our diverse clients. The rapid rate at which States continued to legalize Internet gambling in Q2 continues to validate our confidence in the U.S. market opportunity and the seasonality in Q2 was both anticipated and exaggerated by U.S. Internet sports betting,” Dermot Smurfit, CEO of GAN said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.