London-listed gaming solutions provider GAN has reported a 122 per cent increase in revenue to a record £4.6m for the first quarter of 2019.
The strong performance was primarily driven by higher sports betting revenue in New Jersey and improved casino cross-selling of online sports bettors, with revenue coming in 5 per cent ahead of expectations.
This helped the company generate EBITDA of £0.6m for the quarter, returning the company to positive EBITDA following a strategic investment [...]
