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Shares in B2B gaming software developer GAN (LON:GAN) climbed by 6.18% to 47.78p (as of 13:45 GMT) after the firm was granted conditional approval as an interactive gaming manufacturer in the State of Pennsylvania. Additionally, the $10,000 fee payable for licensing was significantly lower than the company’s expectations of $1 million.
As a result of this and strong trading with its current clientele during the year to date, the company has reiterated its previous guidance for the 2019 full year. The board does not believe that there will be additional capital requirement and expects to deliver double-digit revenue growth and positive EBITDA.