London-listed gaming supplier GAN has recorded a 35 per cent increase in net revenue to £3.9m for the first half of 2016, although the year-on-year growth failed to prevent the company from posting another loss.

Revenue from GAN’s Simulated Gaming offering rose 75 per cent to £1.4m for the six-month period, while real-money gaming revenue climbed 21 per cent to £2.5m.

GAN CEO Dermot Smurfit said the performance was in line with management expectations, with H1 seeing the company invest heavily in its underlying Internet Gaming System and product offering.

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