Tag: GAN

Game Account Network Raises Money for Sports Betting

Game Account Network Plc
May 22, 2018

Game Account Network Plc is cleaning its balance sheets, and gaining more funds. GAN has boosted earnings for the year, which will help their expansion into the US sports betting sector. The details of GAN’s recent financial boost was provided in a disclosure to the London Stock Exchange. They announced the raising of $10.05 million using ordinary shares. The reason behind the streamlining of accounts is regarding the US sports law. The sports betting law change in the US means companies can start to offer sports book, perhaps even online. The Federal government stopped companies from offering sportsbook options outside… Read More

GAN Boosted Earnings, First Time in Five Years

GAN
March 31, 2018

GAN or the former GameAccount Network posted information Thursday, March 29, 2018, that shows a higher gross income for 2017. The online technology provider for casinos was able to decrease losses for 2017 and increase their revenue. GAN Year End 2017 results have more information. Despite putting in a filing back in January 2018, the company has more to share. The new data shows that in 2017, earnings were up 30 percent over the prior year. It meant a revenue of 41.1 million pounds. Net income was also up by 17 percent. In previous years, the losses have been 932,000… Read More