London gaming company sees 115 per cent revenue increase

A London-based online gaming content developer has today announced that it has more than doubled its revenue.

GAN, which also provides internet gambling software, revealed that it saw a revenue increase of 115-120 per cent last year.

The company’s primary market is the US, and it attributes the upswing in revenue partially to National Football League games and the legalisation of online sports betting in Indiana.

It also reported higher-than-expected cross-selling of internet sports bettors to internet casino gaming in both New Jersey and Pennsylvania.

Dermot Smurfit, CEO of GAN commented: “We are delighted with our full year performance in 2019, which proved the long-theorized margin opportunity available to GAN as a specialized enterprise software provider and provides a solid foundation for 2020 and beyond.

“Our intellectual property and technical expertise put us at the forefront of the Internet sports betting and casino gaming market as demonstrated by our diverse and expanding client base.

“Our recent new client announcements, continued focus on acquiring additional new clients and expectations for further real money Internet gambling legislation to pass in new States in the U.S. set the stage for 2020 to be yet another very exciting year.”