Why GAN Stock Was Soaring 10% Today

Shares of GAN (NASDAQ: GAN) were jumping 10% in morning trading Monday after the online gambling software provider offered an update on New Jersey's internet and sports betting market.

With land-based casinos closed since mid-March and virtually all major sports leagues suspending their seasons because of the COVID-19 pandemic, gamblers in the state have only been able to place bets online. 

Data from New Jersey's Division of Gaming Enforcement indicate the climate is ripe for a rebound as the economy begins to open.

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Source Fool.com