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GAME Gameaccount

29.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gameaccount LSE:GAME London Ordinary Share GB00BGCC6189 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 29.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gameaccount Share Discussion Threads

Showing 326 to 349 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
04/5/2014
06:53
OPAY and 888 are tipped by Leigh Himsworth, fund manager at City Financial - though it's also relevant to XLM and GAME, particularly XLM with its links to 888:



"FE Alpha Manager Himsworth: The UK stocks set to soar on US growth

City Financial's Leigh Himsworth explains why he has been buying stocks related to online gambling in his fund.

etc"

rivaldo
02/5/2014
08:59
A good summary - interesting to see the comments about GAME having had a good Q1:



"GameAccount Network celebrates super 2013, inks Empire City Casino free-play deal
May 2, 2014

Online gambling platform provider GameAccount Network saw revenue more than double in 2013, thanks in part to the launch of its free-play and real-money online gambling products in the US market. Revenue rose 123% to £12.3m in what the company calls a "transformational" 12 months ending Dec. 31. Earnings shot up £3.8m to £4.1m while profits came to £1.6m vs. a loss of £1m in 2012.

Thanks to deals with operators in Italy's regulated online market, GameAccount's high-margin Platform & Game Development division earned £8.7m in 2013, up significantly from £1.3m in 2012 and pushing Platform & Game's share of overall revenue to 70% from 23% in 2012. B2B Gaming Distribution and 'Other' revenue held steady at £2.3m and £300k respectively while B2C Gaming Distribution revenue fell to £1m from £1.6m.

GameAccount expects the good times will continue when it gets around to releasing its Q1 2014 numbers, which will include its first full quarter of revenue from its New Jersey online gambling operations. In November, GameAccount made its real-money online gambling debut in the New Jersey market via its deal with Betfaircasino.com, the pairing of UK betting exchange Betfair and Atlantic City casino Trump Plaza. In revenue terms, the Betfair/Trump pairing currently ranks last among the sites operating in the state but GameAccount expects this will change as Betfair increases its marketing going forward.

Last April, GameAccount inked a free-play online casino deal with the Foxwoods Casino in Connecticut and the FoxPlay site made its online debut in January. GameAccount inked a similar deal with Oklahoma's Osage Casino last month, marking the first fruit of GameAccount's content deal with Japanese developer Konami Gaming. This week saw GameAccount ink yet another free-play deal with the Empire City Casino in Yonkers, New York. Assuming regulators don't throw up any roadblocks, Empire City's online system will launch in H2 2014."

rivaldo
01/5/2014
09:22
GameAccount partners New York casino for latest virtual currency site






01
May
14

Casino games developer GameAccount Network has signed a partnership with Empire City Casino to launch a new free-to-play online gaming website for the New York land-based casino.

GameAccount will launch its Simulated Gaming product to create a new experience for the casino's existing patrons as well as new customers.

The Simulated Gaming product offering has been designed to enable land-based casino operators in the US to move online in advance of regulation of real money internet gaming. The product combines the company's real-money internet gaming technology platform, recognisable Class III casino gaming content, and the land-based casino operator's brand.

It is available across multiple platforms, including Android phones and tablets, iPhones, iPads, and mobile formatted browser-based play.

Earlier this year, GameAccount went live with the product for the first time in partnership with Connecticut's Foxwoods Resort Casino. The company has also secured a deal with Oklahoma's Osage Casinos to launch Simulated Gaming.

Empire City Casino is owned by the Yonkers Raceway Corporation, and comprises a major racetrack and casino property in Yonkers, New York.

GameAccount expects to launch a Simulated Gaming website for Empire City Casinos in the second half of this year, subject to suitable approvals.

malcolmmm
01/5/2014
08:19
Looking for growth in Italy and Spain as well as the USA:



"Gaming site to launch in famous New York casino
John Mulligan – Published 01 May 2014 02:30 AM

GAMEACCOUNT Network (GAN), the UK-based gambling software provider headed by Dermot Smurfit Jnr, has inked a deal to provide a simulated gaming website to the famous Yonkers racetrack and casino in New York.

GAN also announced that pre-tax profits hit £1.6m (€1.9m) last year compared to a loss of £1m (€1.2m) the year before, as net revenue rose 123pc to £12.3m (€15m). Expansion in the US remains a "strategic priority" for the group, said Mr Smurfit.

Shares in the company, which floated on London's Alternative Investment Market and Dublin's Enterprise Securities Market last year, jumped 12pc in London yesterday morning.

The revenue rise was driven by new business and organic growth. Overall, B2B revenues rose to £11.3m (€13.7m) from £3.9m (€4.7m), offsetting a decline in B2C business, where revenue fell from £1.6m (€1.9m) to £1m (€1.2m).

The company confirmed it signed a deal with Empire City Casino, which owns the Yonkers Raceway Corporation, to launch a simulated online casino for its customers.

The website is expected to launch in the second half of the year. Simulated gaming sites are being set up by casino operators in advance of the expected introduction of more widespread legislation to permit the use of real money internet gaming.

Last year, GAN signed an agreement with UK firm Betfair to provide the Trump Plaza Hotel and Casino in New Jersey with its internet gaming system. New Jersey was the first US state to legalise online gambling. In Connecticut, GAN has licensed its internet gaming system to the Foxwood's Casino Resort to offer simulated gaming in anticipation of online gaming being legalised in the state in 2015.

The company has also opened a sales and support office in Las Vegas. Mr Smurfit said that in Europe, GAN is examining growth opportunities that may arise from newly-regulated casino slot gaming in Spain, while it's also focused on expanding its casino slot content for Italian operator partners.

Among the shareholders in GAN are Michael Smurfit, Tony Smurfit, whose the chief operations director of packaging group Smurfit Kappa, and IIU, the investment vehicle owned by financier Dermot Desmond."

rivaldo
01/5/2014
07:29
Interesting comment from



"What the US government seems to not realize is that if they want to get rid of criminal activity, banning online casinos is not the way to do it," Maxwell said. "The online gambling operators are friendly business people. It is the punters that can be criminal, and without the collusion between the gaming companies and the government the criminal activity will continue to proliferate in America."

and from a March 27th post on that website

"The legislation filed this week is expected to reignite a debate that has gone dormant for several months. With the country entering another election cycle this year, analysts do not believe there will be strong enough support on either side of the issue to get a bill passed."

43rick
30/4/2014
16:31
Ended at the high of the day which is a good sign.
blueball
30/4/2014
10:24
Here's today's other good news.....



"Empire City Casino selects GameAccount for Simulated Gaming website in the United States
London & Dublin | 30 April, 2014

GameAccount Network plc ("GameAccount Network" or the "Company"), a leading developer and supplier of enterprise-level B2B gaming software and online gaming content, announces a partnership with Empire City Casino to launch a Simulated Gaming™ online experience for new customers and existing patrons.

Empire City Casino is owned by the Yonkers Raceway Corporation, and comprises a major racetrack & casino property in Yonkers, New York. It is expected that GameAccount Network and Empire City Casinos will launch a Simulated Gaming™ website in the second half of 2014 subject to suitable approvals."

rivaldo
30/4/2014
08:45
This one could easily double in the 12 months.
blueball
30/4/2014
08:41
cheers Rivaldo...hopefully Davy will change their forecasts after having had their talks with the company.

Nevertheless it is quite clear that Game are starting to gain traction and as the USA unfolds,earnings will rise on a very steep curve! ;o)

nurdin
30/4/2014
08:39
The EV/EBITDA is more relevant as regards GAME, and a ratio of just 8.1 says it all.
rivaldo
30/4/2014
08:31
15.3 is a little steep for the sector but given the rate of growth this is non unreasonable.
trentendboy
30/4/2014
08:27
Results were ahead of expectations.....conference call at 2.00 this afternoon:



"2013 results ahead of expectations; announces new simulated gaming deal with Empire City Casino in New York

DAVY VIEW

GameAccount Network has posted a strong set of numbers in its first set of financial results post-IPO. In addition, it has announced a further simulated gaming deal, this time with Empire City Casino in New York. The group's pipeline of simulated deals is particularly encouraging as we believe it is testament to the relatively high player yields being experienced by Foxwoods since going live earlier this year.

2013 numbers ahead of forecast

GameAccount Network has issued its first set of financial results as a listed company with revenues and earnings coming in ahead of expectations. Group net gaming revenue increased 121% to £12.3m (2012: £5.5m), £1.1m ahead of our forecast of £11.2m. Within the mix, B2B revenues accounted for £11.3m with B2C accounting for £1.0m. The significant growth in B2B revenues was driven predominantly by the sale of an internet gaming system as well as growth related to US real-money operations.

Group EBITDA came in at £4.1m, 17% ahead of our forecast of £3.5m. Higher-than-anticipated development fees appear to have been the main contributor to the earnings beat. Non-recurring costs of £1.7m were incurred during the year, primarily related to the group's IPO and expansion to new offices. Net income (pre-exceptionals) came in at £2.8m (Davy: £2.5m). The group finished the year with a net cash position on its balance sheet of £16.9m.

Early simulated gaming player yields encouraging

The group has provided its first update on how the launch of its Simulated Gaming product is going in the US via its partnership deal with Foxwoods Resort Casino. The product launched in January and while it is still early days, management has been encouraged by the fact that player yields are running at more than three times the levels of other published social gaming providers. Such yields should act as a powerful calling card to other land-based casinos.

Further simulated gaming deal announced this morning

Following on from last month's announcement that seven Osage Casinos in Oklahoma had signed up for GameAccount's simulated gaming offering, the group has confirmed this morning that is has now secured a further simulated deal with Empire City Casino in New York. The deal, which is subject to regulatory clearance, is likely to go live in the second half of 2014. Empire City (at Yonkers Raceway) is a Racino with annual revenues of close to $450m. The casino had almost 8m visitors in 2012 alone. GameAccount management believes that the Empire City database has limited overlap with that of Foxwoods, which means that the deal should be material in extending the reach of the simulated offering in the US.

Forecasts unlikely to materially change /Valuation
We will review our numbers following discussions with management but do not foresee a material change at this point. Based on our current forecasts, the group is trading on a 2015 EV/EBITDA of 8.1 and a P/E of 15.3x."

rivaldo
30/4/2014
07:58
expecting a gap up to 140p
oldtown
30/4/2014
07:48
Godo results - this shares really shift on low volumes up and down.

With no debt, cash for development and a good US presence this is a US regualtion play.

Any ban on US online gaming and it is over but I cannot see that happen.

If things fall into place in the US this could be a multiple of the current price.

Current PE is what now?

trentendboy
30/4/2014
06:48
Yep, the results are good and seem pretty much as advertised. Note the almost £17m cash and £4.1m EBITDA against the £59m m/cap.

Nice outlook too:

"In January 2014 the Group delivered Simulated Gaming™ into the United States for Foxwoods Resort Casino® in Connecticut and secured new casino operator customers including, Osage Casinos in Oklahoma and Empire City Casino in New York. In addition to regulated Internet gaming and Simulated Gaming™ in the United States we remain well placed in 2014 to deliver further growth in our core European content distribution business with new game titles for Konami Gaming, Multimedia Games, Reel Time Gaming and Gamomat coming to market in 2014 in both desktop and mobile formats.""

rivaldo
30/4/2014
06:44
In fact, the results are extremely positive read. The usual derampers are already out and about
montynj
30/4/2014
06:32
Yes need more customers
nw99
30/4/2014
06:14
A pretty good update on a first quick read ...however, I note that 1 customer was responsible for over 50 percent of net revenues.
northwards
16/4/2014
14:27
Interesting that the analysts conf call has been pushed back on the 30th ... I presume to accommodate a few US scribs.
northwards
16/4/2014
08:00
Hardly their fault that America's ninth richest billionaire (and one of the country's large political donors) decided to threaten war on their industry.
potem
15/4/2014
17:13
Dreadful performance.
trentendboy
15/4/2014
14:21
200,000 shs now printed suddenly vol jumped
nw99
15/4/2014
13:38
Way oversold
sherylchan
15/4/2014
13:33
Pretty sure that 150,000 @ £1 is a buy; if it was a sell, we would have seen a mini crash ...
northwards
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