{"id":3846,"date":"2018-04-02T16:39:51","date_gmt":"2018-04-02T16:39:51","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=3846"},"modified":"2018-04-02T17:34:52","modified_gmt":"2018-04-02T17:34:52","slug":"gan-making-gains-thanks-growing-presence-us-markets","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/","title":{"rendered":"GAN Making Gains Thanks To Growing Presence In US Markets"},"content":{"rendered":"<p>Online casino software provider<strong> GAN<\/strong> plans to take its 2017 growth in the U.S. and use that for emerging U.S. online gaming markets in 2018.<\/p>\n<p>With a revenue of \u00a39.1 million in 2017 and a total gross income reported of \u00a341.1 million, the company <a href=\"https:\/\/www.businesswire.com\/news\/home\/20180329005863\/en\/GAN-plc-Reports-2017-Annual-Results\">announced its 2017 annual results<\/a>. To date, this is the company\u2019s cleanest financials, showing profits for the first time since 2013.<\/p>\n<p>Key to iGaming, GAN takes:<\/p>\n<ul>\n<li>about<strong> 15-30 percent<\/strong> increase in income and revenue,<\/li>\n<li>EBITDA profit of <strong>$500,000<\/strong> (from a loss in 2016), and<\/li>\n<li><strong>\u00a32 million in raised funds<\/strong> to invest in the U.S.<\/li>\n<\/ul>\n<h2><span id=\"us_simulated_gaming_poised_for_growth\">US Simulated Gaming poised for growth<\/span><\/h2>\n<p><strong>Dermon Smurfit<\/strong>, CEO of GAN, commented predominantly about the U.S. market the call. The growth of <strong>Simulated Gaming<\/strong> and internet profits in <strong>New<\/strong> <strong>Jersey<\/strong> inspire confidence for <strong>Pennsylvania<\/strong>, <strong>Michigan<\/strong>, and <strong>New York<\/strong>:<\/p>\n<blockquote><p>\u201cWe believe our Company has developed considerable momentum in the US market and that the Company is well-positioned to secure additional profitable opportunities from incremental US States which regulate real money Internet gaming over time.\u201d<\/p><\/blockquote>\n<p>The company introduced <strong>Simulated Gaming<\/strong>, a social gambling system, to <strong>five<\/strong> new U.S. clients in 2017. Comparatively, 2016 brought <strong>three<\/strong> clients.<\/p>\n<p>Even so, Smurfit said the U.S. legislation allowing some <strong>12.8 million Pennsylvania residents<\/strong> to play online casino games in 2018 is a big win for the company.<\/p>\n<p>GAN already has Simulated Gaming at<strong> Parx Casino<\/strong>, the largest casino in the state. Additionally, Smurfit said the casino approached GAN to bring<strong> real-money gaming<\/strong> from GAN\u2019s <strong>GameSTACK<\/strong> system.<\/p>\n<p>\u201cGAN is positioned for substantial growth in regulated real-money Internet gaming in the US following the commencement of Pennsylvania\u2019s Internet gaming market,\u201d he said.<\/p>\n<h2><span id=\"2017_speaks_for_itself\">2017 speaks for itself<\/span><\/h2>\n<p>Smurfit attributes a lot of the 2017 success to<strong> on-property gaming<\/strong> for clients via Simulated Gaming. Along with GAN\u2019s U.S. patented <strong>rewards points integration system<\/strong>, Smurfit said that this cost-effective marketing tool has multiple benefits.<\/p>\n<ul>\n<li><strong>Increases<\/strong> on-property gaming by existing patrons<\/li>\n<li><strong>Reactivates<\/strong> long-term lapsed patrons on-property<\/li>\n<li>Generates <strong>incremental income<\/strong> online for GAN, casino<\/li>\n<\/ul>\n<p>Already, Simulated Gaming revenues come from the casino clients\u2019 existing patrons and marketing services where professional service fees can increase. GAN is intent on delivering patron marketing via<strong> casino client support<\/strong> and thus scaling Simulated Gaming revenue.<\/p>\n<p>The company also said its patent protections have resulted in<strong> commercial licensing<\/strong> discussions. GAN licensed its patent three times for real-money internet gaming in Pennsylvania and New Jersey and 13 times for Simulated Gaming nationwide.<\/p>\n<h2><span id=\"us_prospects_pulling_their_weight\">US prospects pulling their weight<\/span><\/h2>\n<p>According to company reports, gross revenues in New Jersey were <strong>up 30 percent<\/strong> to <strong>$246 million<\/strong>. GAN now has two clients in the area, with one set to launch real-money internet gaming in 2018.<\/p>\n<p>Now that the way may open for intra-state gaming, Smurfit said that Pennsylvania <strong>could be the catalyst<\/strong> for internet gaming regulation if the <strong>federal ban<\/strong> is lifted.<\/p>\n<p>Goods news comes from New York and Michigan for GAN with Simulated Gaming. It maintains its position as the exclusive platform for three client properties in those areas. Should gaming legislation come with the bills in New York and Michigan, GAN sees itself as positioned to <strong>capitalize on those opportunities<\/strong>.<\/p>\n<p>The post GAN Making Gains Thanks To Growing Presence In US Markets appeared first on Play Pennsylvania.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online casino software provider GAN plans to take its 2017 growth in the U.S. and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-3846","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-news-category","7":"post_format-post-format-link"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GAN Making Gains Thanks To Growing Presence In US Markets -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GAN Making Gains Thanks To Growing Presence In US Markets -\" \/>\n<meta property=\"og:description\" content=\"Online casino software provider GAN plans to take its 2017 growth in the U.S. and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-02T16:39:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-02T17:34:52+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PokerScout1\" \/>\n<meta name=\"twitter:site\" content=\"@PokerScout1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.pokerscout.com\/#\/schema\/person\/7f5b2fa51bd1925f5937c15b7388df28\"},\"headline\":\"GAN Making Gains Thanks To Growing Presence In US Markets\",\"datePublished\":\"2018-04-02T16:39:51+00:00\",\"dateModified\":\"2018-04-02T17:34:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/www.pokerscout.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/\",\"url\":\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/\",\"name\":\"GAN Making Gains Thanks To Growing Presence In US Markets -\",\"isPartOf\":{\"@id\":\"https:\/\/www.pokerscout.com\/#website\"},\"datePublished\":\"2018-04-02T16:39:51+00:00\",\"dateModified\":\"2018-04-02T17:34:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.pokerscout.com\/gan-making-gains-thanks-growing-presence-us-markets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.pokerscout.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GAN Making Gains Thanks To Growing Presence In US Markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.pokerscout.com\/#website\",\"url\":\"https:\/\/www.pokerscout.com\/\",\"name\":\"PokerScout\",\"description\":\"Poker Sites Traffic Report &amp; 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