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GAN gains as key New Jersey gambling market surges 200%

Gross revenues from internet sports wagering in the state jumped to US$46.7mln in January compared to just US$15.5mln a year ago

GAN PLC - GAN gains as key New Jersey gambling market surges 200%

GAN PLC (LON:GAN) shares bounced on Friday following news of a strong surge in gambling market in the US state of New Jersey.

The AIM-listed gambling software specialist reported that in January gross revenues from internet sports wagering in the state had surged 200% year-on-year to US$46.7mln, while internet gaming win was up 64% at US$33.6mln.

READ: GAN doubles monthly sales from New Jersey online gaming

Total internet sports wagering handle, the amount of money accepted in wagers, was down month-on-month at US$471.1mln from US$488.9mln.

New Jersey is a key market for the company, which supplies internet gambling software to the US land-based casino industry.

Shares in GAN were up 4.1% at 178p in early deals.

Quick facts: GAN PLC

Price: 190 GBX

AIM:GAN
Market: AIM
Market Cap: £161.9 m
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