London-based iGaming supplier GameAccount Network (GAN) has seen gross operator revenue rocket 189% to $120.8m for Q4 2019.
The company attributed the massive year-on-year increase to the rapidly growing popularity of sports betting in the United States, along with the cross-selling of sports betting to casino gaming.
GAN also reported an impressive 95% year-on-year increase in active player days for the same period, totaling 9 million, while average revenue per active player day was also up 43% to $13.43.
Commenting on the results CEO of GAN, Dermot Smurfit, said:
“Continued year-on-year growth rate experienced in Q4 demonstrates our platform technology’s ability to scale successfully for our diverse clients of real money US internet gambling, simulated gaming as well as our long-standing Italian clients.
“The fourth quarter benefited from a strong seasonal demand during the NFL season; cross-selling of US sports bettors to internet casino gaming in the states of New Jersey and Pennsylvania; and the launch of sports betting in the state of Indiana.”
GAN is partnered with FanDuel in the US in New Jersey, Pennsylvania, and Indiana.