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GAN widens loss despite strong revenue growth in 2021

23rd March 2022 10:55 am GMT
GAN

New York-listed iGaming operator and supplier GAN has reported a 257 per cent increase in revenue to $125.4m in 2021, driven by the acquisition of Coolbet and strong growth in its B2B division.

The company benefited from a strong performance in the final quarter of the year as Q4 revenue soared 243 per cent to $30.5m, although this marked a fall of 6 per cent compared to the previous quarter.

More than half of GAN’s revenue was [...]

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