GAN reported strong momentum with all business units of the company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q1 2019.
Gross Operator Revenue, which comprises the sum of gross revenue from Simulated Gaming; gross gaming revenue from real money regulated Gaming; and gross sports win from real money regulated Sports betting, increased 148.3 per cent year-over-year and 41.4 per cent quarter-over-quarter to $59.1m. This increase was driven by strong growth in real money regulated gambling in the US.
Active Player-Days increased to 5.3m, an increase of 65.6 per cent year-over-year and 14.4 per cent quarter over quarter. It reported exceptional growth experienced in New Jersey driven regulated Internet Sports betting.
Dermot Smurfit, CEO of GAN commented: “Internet Sports betting in New Jersey driven by national events such as the Super Bowl (American Football) and NCAA college basketball’s ‘March Madness’ continued to fuel exceptional growth of Gross Operator Revenue in this first quarter of 2019, as well as amplify the positive impact to Casino revenues from the cross-over of sports gamblers to casino games.”