Internet gaming software firm GAN narrowed its pretax losses in 2017 as revenue rose and the company continued to make inroads into the US market. GAN increased its gross income by 30 per cent to £41.1 million, with net revenue up 17 per cent to £9.1 million. The firm said the increase was due primarily to increased royalties to games content providers in Europe for real money gaming and in the US for Simulated Gaming. “GAN has continued to position its business to capture growth in emerging online gaming markets in the US. October also saw legislation introduced in Pennsylvania that would allow residents to play real money Internet casino games, starting from the second half of 2018.

Source: The Irish Times March 29, 2018 08:03 UTC