GAN which supplies online gaming services to the land based gaming services to the land based gambling sector in US, revenue will be ahead of market expectation at £10.5m to £11.3m
The increase, against £9.3m in 2017, was primarily driven by its real money internet gambling which increased H2 2018 revenue by more than 40 percent compared with H1.
The outlook remains highly positive due to continued and rapid growth in real money internet gambling delivered for clients in both the US and European Markets.
Dermot Smurfit, CEO of GAN said: “Our recent contract announcements and expectations for further legislation to pass in New States in the US means that 2019 is set to be very exciting year.
” We exceeded market expectation for revenue growth in 2018, having successfully launched Internet sports betting in New Jersey. Our successful £7.5m fundraising has enabled us to rapidly deliver for our clients and repay £2m in Short Debt.