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GAN widens loss as third quarter revenue falls 7%

15th November 2021 11:09 am GMT
GAN

New York-listed gaming supplier and operator GAN has reported a 7 per cent fall in revenue to $34.6m for the third quarter of 2021, with a decline from its customer-facing Coolbet business offsetting growth from its B2B segment.

Revenue from B2C fell by 12 per cent year-on-year to $21.1m, driven by lower sports betting margins as results favoured customers during Q3. This was partially offset by growth in online casino and poker revenue, with total active [...]

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