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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.



Gambling News :

Americas Card Room to take 60 Different Crypto Currencies - Winning Poker Network, including Americas Card Room, to Accept Over 60 Crypto-currencies!

New Racing UK free-to-watch show - Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday

MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

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