GAN Improves Revenues, Losses in 2017

Internet casino game developer Game Account Network (GAN) has posted their full year 2017 financial results, revealing that things are looking up for a company that has posted losses in recent years.

Key financial indicators for the year ending December 31st, 2017 were:

  • Gross income up 30% to £41.1 million
  • Net revenue up 17% to £9.1 million
  • Clean earnings of £454,000 up from a loss of £932,000 last year
  • Post-tax losses of £3.5 million, down from £3.8 million last year

The company claimed that five new casinos in the United States helped boost revenues, with Betfair New Jersey giving them a particular boost. The partnership there has proven successful enough that GAN is planning to launch a second New Jersey casino product before the end of June. The group is also keeping an ear to the ground on the sportsbetting front, as they've partnered with offer sportsbetting solutions in America should the Supreme Court deem it legal this spring.

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bgsharpe
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30 March 2018 - 8:12pm
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Obviously the company doing a lot better now and I guess the improvement will continue with a partners like Betfair, so certainly a way to go for them.