GAN lauds strong progression
News on 4 Apr 2017
News on 4 Apr 2017
B2B internet gaming provider GAN (formerly GameAccount Network) has reported “strong momentum” in its most recent quarterly update.
Key highlights for the first Quarter 2017 include:
– A 9.3 percent Quarter-on-Quarter growth in Active Player-Days to 2,226,482 Active Player-Days.
– Average revenue per daily active user increased 3.7 percent to $7.69.
– Strong growth momentum from GAN’s key territories of the United States (Simulated Gaming™ and real money Internet gaming in New Jersey); and Italy’s regulated real money Internet gaming market.
– MGM Resort’s Borgata in New Jersey, Chickasaw Nation’s WinStar World Casino in Oklahoma and Station Casinos in Nevada are all launching Simulated Gaming with GAN in Q2 2017.
“GAN continues to deliver its US growth story, moving ‘bricks & mortar’ US casinos online with its uniquely powerful Internet gaming platform which incorporates a wide range of features custom designed for US casino operators,” Dermot Smurfit, chief executive officer of GAN commented:
“The first quarter has seen strong progression in ARPDAU from end user players of Simulated Gaming, which continue to be materially higher than ARPDAU’s typically reported by Social Casino operators. We believe US casinos’ patrons are the highest-value players of Social Casino games and that US casino operators can materially increase their current share of their patrons’ wallet by launching Simulated Gaming in partnership with GAN.”
