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GAN Reports Third Quarter 2024 Financial Results

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GAN Limited reported its unaudited financial results for the third quarter ended September 30, 2024.

Seamus McGill, GAN’s Chief Executive Officer, said: “I couldn’t be more pleased with the progress our team members have made to deliver revenue growth while concurrently lowering our cost structure. Our top-line growth of 24% compared to the prior year was driven by B2B revenue growth of more than 60% while operating costs fell by nearly 10%. We remain focused on delivering a leading product offering for our US B2B clients and our international B2C business.”

Mr. McGill added: “In September, we recently received approval from the Nevada Gaming Commission for our planned merger with SEGASAMMY. We continue to work through the remaining regulatory requirements and anticipate a successful closing in early 2025.”

Third Quarter 2024 Compared to Third Quarter 2023

• Total revenue of $37.1 million increased 24% driven by an increase in the B2B segment.

• B2B segment revenue was $16.4 million versus $10.2 million. The increase was primarily due to an expansion of our B2B offerings in the state of Nevada and the recognition of revenue related to a partner exit in Michigan.

• B2C segment revenue was $20.7 million versus $19.6 million. Growth in Europe was driven by increased player activity, which was offset by reduced player activity and unfavorable exchange rates in Latin America.

• Operating expenses were $25.1 million versus $27.8 million. The decrease was primarily attributable to the Company’s overall reduction of compensation costs and reduced headcount realized as part of ongoing cost saving initiatives, as well as lower depreciation and amortization expenses as a result of intangible assets fully amortizing in the prior year.

• Net income of $2.1 million versus a net loss of $8.2 million improved primarily due to increased revenues and decreased operating expenses.

• Total segment contribution was $27.2 million versus $20.6 million, which was driven primarily by increased revenue in the B2B segment.

• Adjusted EBITDA was $5.4 million versus a loss of $2.5 million. The increase was driven by increased revenues and lower operating expenses resulting from the aforementioned factors.

• Cash was $36.5 million as of September 30, 2024, versus $36.9 million as of June 30, 2024.

• B2C Active Customers declined primarily driven by limited customer acquisition in Latin America.

• B2B Gross Operator Revenue totaled $610.4 million versus $424.1 million in the prior year quarter, a 44% increase. The increase was driven primarily by organic growth in Pennsylvania, New Jersey, Ontario, and Connecticut.

The post GAN Reports Third Quarter 2024 Financial Results appeared first on European Gaming Industry News.

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Duelbits launches Tap Trading, a live Solana price-prediction casino game

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Duelbits has launched Tap Trading, a new chart-based casino game that lets players wager on short-term movement in Solana (SOL) price data. The company said the game is now available globally on the DuelBits platform.

Tap Trading shows a continuously updating chart tracking SOL’s live price. Players wager on whether the price will move up or down over 10-second intervals, with the company stating successful predictions can pay “up to 40x” the original stake.

Duelbits positions Tap Trading as distinct from crash games and prediction markets, framing it as a real-time, rapid-cycle format built around market data rather than simulated outcomes. The operator also said the game is optimised for mobile and supports multiple currencies.

To support the launch, Duelbits said it is rolling out an acquisition and awareness campaign aimed at crypto-native audiences, including partnerships with creators and KOLs, social media activations, community initiatives and streamer collaborations.

Jasper Hoekert, Chief Marketing Officer at Duelbits, said: “Tap Trading represents a significant step forward in how players interact with market based gaming experiences.

“With Tap Trading we created a product that feels familiar to crypto traders while remaining accessible and entertaining for casino players. We’re continuing to push the boundaries of what’s possible in crypto gaming, reinforcing Duelbits’ position as a leader in product innovation and delivering unique experiences that players won’t find anywhere else.”

The post Duelbits launches Tap Trading, a live Solana price-prediction casino game appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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GGPoker brings back $1M Go for Gold promo for Spin & Gold players

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GGPoker is bringing back its $1M Go for Gold promotion for Spin & Gold players starting June 12, with $1,000,000 in additional prizes available while supplies last, the operator said.

The promotion applies to all 3-Max and 6-Max Spin & Gold tournaments. At the start of each tournament, the prize multiplier wheel determines that game’s prize pool. Players then earn a “stamp” for each different multiplier they hit, with 3-Max and 6-Max stamps treated as interchangeable equivalents.

A player becomes eligible for an instant cash prize after collecting five different multiplier stamps, with prizes worth up to $10,000 per completed card, according to GGPoker. After opening a prize, players can begin collecting a new set of stamps 24 hours after the moment they collected the first stamp of the previous run.

“Spin & Gold games are already some of the most exciting formats we offer, but our $1M Go for Gold promotion turns the dial up to eleven,” said Paul Burke, Head of Public Relations at GGPoker. “Our community loved this promotion last year, and we couldn’t wait to bring it back. We’re thrilled to give our players another chance to turn spins into up to $10,000 in extra cash, simply by hitting the multipliers!”

GGPoker has also linked the promotion to its broader $14M June Giveaway, with full terms and conditions available on the operator’s promotional page.

The post GGPoker brings back $1M Go for Gold promo for Spin & Gold players appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Yaspa takes AI Solutions Provider and Safer Gambling Supplier at EGR B2B Awards 2026

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Fintech supplier wins two categories at the 3 June ceremony in London, with judges citing its Intelligent Payments platform and open-banking approach.

Yaspa won two categories at the EGR B2B Awards 2026 on 3 June, taking home AI Solutions Provider and AI Solutions Provider at the ceremony in London.

The EGR B2B Awards, held this year at the HAC, recognise suppliers across the iGaming industry. In awarding the AI Solutions Provider trophy, judges said: “Yaspa has demonstrated a highly credible, research-backed, and socially responsible innovation that uses AI to address one of the industry’s toughest challenges: linking financial well-being with gaming behaviour. Yaspa’s Intelligent Payments platform combines technical depth, regulatory alignment, and real-world performance metrics, making it a standout entrant for categories focused on AI innovation, data analytics, or responsible gambling enablement.”

For Safer Gambling Supplier, the judges added: “Yaspa has delivered a strong and innovative submission focused on financial vulnerability and demonstrating a great take on open-banking’s ability to link to at-risk indicators. Intelligent Payments is well aligned to current affordability challenges and provides useful research validation.”

James Neville, CEO of Yaspa, said: “To win not one but two awards at the coveted EGR B2B Awards is an incredible achievement and testament to the great work the whole Yaspa team has done from the company’s inception to now.

“The recognition by the industry of how our technology is using AI to make gambling safer shows the direction the market is heading and how we are leading the technological innovation in this space, from the front.”

Yaspa said the wins follow a period of growth over the past 18 months, including a $12m investment round in July led by Discerning Capital. The company also referenced the opening of a new Atlanta office in the US and a tech hub in Leeds, UK, in August 2025.

The post Yaspa takes AI Solutions Provider and Safer Gambling Supplier at EGR B2B Awards 2026 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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