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GAN shares jump on higher online revenue and Nasdaq move

25th March 2020 9:11 am GMT

London-listed gaming supplier GAN is moving forward with its proposed Nasdaq listing as the casino shutdown in the United States begins to translate into higher revenue from online gaming.

GAN said Wednesday that the US casino closures in response to the COVID-19 pandemic have resulted in increased simulated gaming activity online, as major clients undertake “unprecedented marketing promotions” to continue to engage and monetise their patrons.

This is expected to drive substantially greater growth in both revenue and adjusted EBITDA from simulated [...]

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