Igaming software developer GAN is expecting best-ever revenue, growth and EBITDA.
In its trading statement released today, it said its first-half 2018 results were in line with market expectations, but the outlook for 2019 is predicted to reach new heights.
The expected 2018 second-half performance is however dependant on certain conditions: the market size, share and growth rate of internet sports gambling in New Jersey; the timing with which Pennsylvania's regulator the Pennsylvania Gaming Control Board permits the launch of internet real money gambling for residents of that state; and the speed with which efficient marketing of the Overseas Internet Casino is conducted in European regulated markets by GAN.
It’s 2019 though that holds the most promise for the company, it believes. The recent launch of sports betting in the US, the company's current sales pipeline and existing contracted clients are projected to propel the company to previously unseen numbers.
GAN is due to release its half-year results for the period ended June 30 2018 on September 28.
