Browse articles by topic

GAN files with SEC for US listing


Gambling software provider GAN has submitted a draft registration statement to the Securities and Exchange Committee (SEC) to publicly list its stock on an American exchange.

The supplier said that it intends to list its stock after the SEC completes its review process.

GAN is currently listed on the London stock exchange, with its stock opening at 173.00 pence per share today (February 3). GAN has not yet announced on which US exchange the business intends to be listed.

In January, GAN said it was working towards a public listing in the US when it announced the hire of Karen Flores as chief financial officer.

Last week, GAN announced that it expects to surpass its financial forecasts for 2019, with revenue set to grow by between 115% and 120% year-on-year.

GAN put the forecast results down to a number of factors, including higher-than-expected demand for online gambling services in New Jersey and Pennsylvania after the start of the NFL American football season in September last year.

In December, betting technology supplier Newgioco started trading on the NASDAQ stock exchange, located in New York City.