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GAN benefits from B2B growth and first Coolbet contribution in Q1

18th May 2021 9:04 am GMT
GAN
Playtech

Online gaming technology supplier GAN has reported a 263 per cent increase in revenue to $27.8m for the first quarter of 2021, with its newly acquired B2C business Coolbet accounting for more than half of the revenue total.

Coolbet generated B2C revenue of $14.3m in Q1, with GAN’s B2B segment growing revenue by 76 per cent year-on-year to $13.5m.

The B2B growth was driven by a 68 per cent increase in real-money iGaming revenue to $10.5m following [...]

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