New Jersey winnings push GAN shares higher

The price of shares in the AIM-listed online gaming software provider GAN (LON:GAN) has risen by 1.86% to 49.91p (as of 15:10 GMT). The firm’s gross operator revenue for the first quarter of 2019 climbed by 148.3% driven by a significant increase in active players and strong growth in New Jersey.

Dermot Smurfit, GAN’s CEO, said: “Internet Sports betting in New Jersey driven by national events such as the Super Bowl (American Football) and NCAA college basketball’s ‘March Madness’ continued to fuel exceptional growth of Gross Operator Revenue in this first quarter of 2019, as well as amplify the positive impact to Casino revenues from the cross-over of sports gamblers to casino games“.