StockMarketWire.com - Internet gambling platform Gan said it expected to see high double-digit revenue growth for the full year after second-quarter performance topped expectations.

The upbeat outlook comes as higher demand for internet sports and higher-than-expected casino cross-selling from internet sports bettors into internet casino gaming in New Jersey helped offset the seasonal decline in gambling volumes typically experienced during the early months of summer.

In the second half of the year, GAN said it expected to launch internet gambling services for a number of additional clients. In addition, the compay also expected to enter into a number of new contracts for real money internet gambling.

'Continued demand for Internet sports betting in New Jersey, and the associated benefit to Internet casino gaming, has outperformed our expectations through the second calendar quarter,' said Dermot Smurfit, CEO of GAN.

In the second half of the year, GAN expects to launch internet gambling services for a number of additional clients. In addition, GAN expects to enter into a number of new contracts for real money internet gambling.

'In the second half of this year, we remain focused on landing new clients, and expanding upon existing contracts with clients, in addition to preparing ourselves for a rapidly expanding market due to an acceleration in sports betting-led online gambling regulation in the United States as well as enabling browser-based Internet gambling on Apple iOS compatible mobile devices as mitigation of Apple, Inc. policy changes towards HTML5-based real money gambling Apps.'



The company is expected to release its results for the half year period ended June 30 on September 27, 2019.

At 9:20am: [LON:GAN] GAN Plc share price was +1.5p at 71.5p



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