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Revenue for Online Gaming Technology Provider Gan Shoots Up in Q3

Gan, an online gambling technology provider, has experienced a growth in revenue in the third quarter, thanks to increasing demand for its betting technology in America. It’s quarter three revenues went up by 202.7 percent, year-on-year.

Over the last months until September 30th, this year, the firm’s revenues totaled $80.9 million based on reports Gan released this week. This is $26. 7 million increase from revenues registered in 2018. Gross operator revenue makes up most of GAN’s gaming business, gross gaming revenues from real money as well as gross sports betting wins from real money.

While GAN has not published all the figures based on categories it has interests in, the firm has noted that the growth in gross operator revenues was because of real money growth in from regulated gambling in America.

Source: https://www.igamingbusiness.com/news/us-sports-betting-pushes-revenue-gan-q3

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About the author

Catherine Wambui

Catherine Wambui

Catherine Nyaga is a freelance writer covering Real Estate and Technology. Her other interests include Nature, pets and accounting. She recently graduate from Nairobi University with a degree in Accounting.

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