The US gambling market has historically been a place where few British companies have wished to tread, but one exception ploughing a potentially lucrative furrow is Gan. Full-year results yesterday from the London-based business-to-business supplier of online gaming software showed losses narrowing as revenues rose 30 per cent year-on-year to a little under £8 million.
Make no mistake, this Aim-listed business remains a tiddler with a market capitalisation of just £20 million, but analysts at its new broker believe the share price could easily treble as investors get comfortable with its model.
Gan’s Gamestack software, developed over 15 years, gives physical casinos an online presence, enabling them to go after a digital customer base previously denied to them. At present the company has signed 13