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GAN looking to raise GBP 3 million
Tuesday March 22,2016 : GAN TO RAISE GBP3M THROUGH SHARE ISSUE
As it continues its focus on growth in the US markets.
Gaming software provider GAN will look to raise gross proceeds of around GBP 3 million through an issue of new Ordinary Shares at a price of 28 pence each.
The company intends using the proceeds to fund its continued expansion of real-money regulated gaming and simulated gaming in the US.
GAN’s focus in 2016 will be on growing its market share in the New Jersey market through continued growth of BetfairCasino.com, the imminent launch of Borgata on GAN’s regulated platform and through additional Regulated Gaming client wins.
It also sees further opportunity in increasing aggregate Simulated GamingTM net revenues which it expects to be driven by a combination of the seven operators live entering 2016, the launch of Simulated GamingTM offerings for Borgata and major multi-State operators Isle of Capri and Rock Gaming in the first half of 2016 and anticipated Simulated GamingTM client wins across the US.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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