StockMarketWire.com - Online gambling software provider Gan posted a large rise in third-quarter revenue owing to growth in the blossoming US sports betting market.

Gross operating revenue in the three months through September amounted to $80.9m, representing growth of 47% compared to the second quarter and around triple the amount posted on-year.

The growth demonstrated the ability of the company's technology to scale and meet the needs of clients seeking to operate sports betting in the US following the loosening of gambling laws there, Gan said.

The company said the third quarter benefitted from stronger-than-expected demand for US sports betting during the seasonally weaker summer months, as well as the first month of American Football NFL season.

The NFL season commenced on 5 September and would continue through to Super Bowl LIII on February 2, 2020.


At 2:57pm: [LON:GAN] GAN Plc share price was +4.5p at 78.5p



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