New York-listed iGaming supplier GAN has reported a 20 per cent fall in revenue to $7.7m for the first quarter of 2020.
The company attributed the fall in revenue to the inclusion of $4.9m from hardware sales and the licensing of GAN’s US patent in the comparable period a year ago, without which revenue would have climbed 64 per cent, comprising real-money iGaming revenue of $6.3m and Simulated Gaming revenue of $1.4m.
The bulk of GAN’s Q1 [...]