GAN has taken a major step toward listing on the Nasdaq stock exchange.

The company announced the initiation of a process to change the corporate structure of GAN UK and its subsidiaries by establishing GAN Bermuda, at the head of the Group.

Its proposed that the shares in GAN Bermuda are listed on NASDAQ following the Redomiciliation.

Details of the Redomiciliation and the required shareholder meetings to approve it will be conveyed to shareholders in an information circular and release of further announcements, as appropriate.

GAN expects full-year revenue to double amid rising demand in New Jersey and Pennsylvania following the start of the NFL season in the US.