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GAN initiates US listing process as 2019 revenue more than doubles

3rd February 2020 11:19 am GMT
GAN

London-listed iGaming solutions provider GAN has begun the process to list its shares on Nasdaq in the United States after recording strong growth in the market during 2019.

GAN's 2019 revenue is expected to increase by between 115 per cent and 120 per cent versus the prior year, with an EBITDA margin in the range of 30 to 35 per cent compared to a negative margin of 14 per cent in 2018.

Trading was ahead of markets [...]

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