GAN Announces The Results For And Expects Solid Growth
Provider with games software with total sales of 17 per cent up to $35.2 million and ahead of 73 per cent average gross operators’ revenue up to US$545 million year-by-year, GAN has announced its full-year operations เกมคาสิโน 3win2u and financial reports for the year ended December 31, 2020. Real Cash Online gaming rose 6% to 25.6 million dollars by 2020, or 28% outside B2C-related revenue which ceased by 2020, and simulated gaming revenues increased by 66% to 9.5 million dollars per year.
During that time, GAN also introduced six new customer alliances, including two RMiG and four SIM partners, free from all new state markets. Six new customer deals have been secured, including Michigan’s landmark Wynn Resorts for the next ten years and Churchill Downs for many states which all offer repeated sales opportunities over several years.
The purchase of Coolbet, the capital increase of $167.6m and the hiring of more than 150 full-time staff were other organisational highlights to promote potential expansion. Coolbet’s sports betting infrastructure and overseas B2C activities are integrated, said GAN, on a mid-year basis.
The firm also predicts revenues from $100 million–$105 million in the year-round 2021, including revenues from $24 million to $25 million for the first quarter. 2020 has been really good, founding year for GAN, said CEO Dermot Smurfit. We also increased our top-of-the-line, double the introduction of our new customers, signed several new clients that we hope will sustain steady and steadily increasing revenues, and have complemented our product range with many new content alliances and the crucial acquisition of Coolbet.
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Our annual turnover grew 17% in 2020, while the major recurring elements, our US RMiG and Simulated Offers saw a sales rise of 92% and 77%. We have made improvements in our facilities, which completed our trip to become a public corporation with a registered base in the United States and was transferred to US GAAP during the fourth quarter.
With the most outstanding sportsbook engine of Coolbet that places GAN as the full service B2B option for real-world gaming in the United States and as a vertically integrated B2C leader in some foreign markets, we have met a substantial need for our product offering.
2021 saw us build on a solid basis and a good market momentum. The first quarter of 2021 began with the launch of many customers, both exceeding our and our customers’ standards, in the State of Michigan.
In the first quarter, we have joined our first customer for our sportsbook engine. Our latest sportsbook offers and the related managed trading services continue to have considerable demand from both existing and potential customers. The Coolbet team’s integration of technology is planned and a mid-year release of B2B sportsbook technology and operation is expected.
CFO Karen Flores noted: To all our market segments, our initial quarter has begun very strongly. This is expected to encourage strong growth in 2021 and we expect our high results, including solid organic growth and the contribution of Coolbet, to almost triple. We plan to accelerate leverage operations that will produce greater profits on an annual basis.