Agreements are in place with a further three casino operators who are expected to launch in Q1 2017. This will bring the total number of Simulated GamingTM clients live or expected to launch to thirteen. The Group expects real money gaming revenues in Italy to continue to increase in line with a full half year contribution from a new operator launched in May 2016 and for real money gaming revenues in the US to continue in line with expected market growth. B2B game and platform development revenues are expected to be in line with the first half of the year and will benefit from development work related to both the planned Simulated GamingTM launches and the expected launch of new real money Regulated Gaming brands in the US market in Q1 2017 conditional on commercial, contractual and regulatory consents. The sale of Internet gaming systems remains a focus of our overall business strategy and although discussions with interested parties continue the Group does not expect the completion of a sale in the second half of websites 2016. The growth opportunity in Simulated GamingTM remains significant. There is strong demand for our product which is reflected in the pipeline of prospective customers with a number of exciting deals expected to be completed in the coming quarters. In order to meet this expected demand the Group has opened a new technical development office in Bulgaria. The introduction of an additional technical resource in a lower cost market will enable the Group to continue to enhance its delivery capability without materially increasing the underlying cost structure. The Group has raised gross proceeds year to date of 4.4m in order to continue the expansion of both real money Regulated Gaming and Simulated GamingTM opportunities in the US and in order to accelerate existing clients product development. GAN plc FINANCIAL REVIEW (Continued) KEY PERFORMANCE INDICATORS The performance of the Group during the year demonstrates the Groups strategy to both consolidate the core gaming content distribution business in Europe and to grow through higher margin revenue opportunities including IGS sales and Game Development in regulated markets.
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