Online gambling technology supplier GAN says 2019 will be a record-setter in terms of revenue and earnings, but the rest of this year is somewhat beyond the company’s control.
In a trading update issued late Tuesday, GAN said the company had performed “in line with market expectations” in the six months ending June 30. GAN is set to release its official H1 report card on September 28.
Looking ahead to H2, GAN says its performance is contingent on several factors, including (a) the growth of online sports betting in New Jersey, (b) how soon Pennsylvania regulators fire the starting gun on their intrastate online gambling market, and (c) how fast GAN can roll out marketing in European regulated markets for the Overseas Internet Casino (Winstar.com) of its Chickasaw Nation client.
As for New Jersey, the start of this month saw GAN integrate a leading B2B online sports betting system into its platform, enabling the launch of online wagering for the FanDuel-branded product of Paddy Power Betfair (for which GAN powers the online casino of Betfair NJ).