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GAN raises new funds for US expansion as 2015 revenue drops 22%

22nd March 2016 8:35 am GMT
GAN

London-listed gaming software provider GAN has raised gross proceeds of £3.1m which will be used to continue the expansion of real-money and free-play gaming opportunities in the US, as the company revealed a 22 per cent drop in net revenue to £5.9m for the 2015 year.

The company has conditionally placed a total of 11,069,326 share to existing and new institutional and private investors at a price of 28 pence each, a discount of 5 per [...]

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