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Dec 31, 2022
GAN Q4 2022 Earnings Report
Reported fourth quarter and full year results, highlighting B2C KPIs growth and a strategic review to maximize shareholder value.
Key Takeaways
GAN Limited reported strong B2C KPIs with active customers growing by nearly 50%. The company announced a strategic review to evaluate options for maximizing shareholder value and is focusing on GAN Sports and Latin American B2C operations.
Grew active customers by nearly 50%.
Announced partnership to support WynnBet at Encore Boston Harbor.
Launched a formal strategic review process to evaluate options to hasten path to better profitability.
Allocating capital away from SuperRGS and competitive sports betting markets like Ontario, Canada.
GAN
GAN
Forward Guidance
Due to the range of potential outcomes related to the strategic review, the company does not feel that they currently have an adequate level of visibility to confidently provide guidance for 2023.