GAN Has Strong First Quarter

Internet betting firm Game Account Network has revealed their first quarter financial results, revealing that the company is trading at record levels due to a strong performance.

Key financial indicators for the quarter ending March 31st, 2018 were:

  • Growth of $3.2 million, up 4.2% from the year prior
  • Average daily revenue per user up 12.9% to $7.55
  • EBITDA up 12% to £454,000
  • Gross income up 30% to £41 million

Commenting on the performance GAN CEO Dermot Smurfit said, "GAN is trading at record levels, demonstrating the sustained progress GAN has made in developing our market position."

"In the US, GAN is focusing on real-money regulated gaming in New Jersey and Simulated Gaming for clients coast-to-coast across America supported by substantial organic growth in Italy, one of Europe's largest regulated markets for internet gambling."

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bgsharpe
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16 April 2018 - 7:58pm
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Obviously they've done pretty well in the this past year, not that I know anything of their business to be very honest.