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GAN Gan Plc

225.00
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gan Plc LSE:GAN London Ordinary Share GB00BGCC6189 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 225.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 225.00 GBX

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Gan (GAN) Discussions and Chat

Gan Forums and Chat

Date Time Title Posts
09/1/202418:29GAMEACCOUNT NETWORK : gaming software/content developer19,750
29/4/201920:15GAN Plc (GAN) One to Watch 1

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Gan (GAN) Top Chat Posts

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Posted at 09/1/2024 18:29 by daveme
Interesting blow by blow account of the sale process in today's proxy statement document. Unfortunately we were f*@ked by Wynn reducing its online gaming operations and the law changes in Chile, otherwise we would have got $2.51/share!

Seems like Sega Sammy had GAN over a barrel and duly rogered us good and proper!

I would be interested to know what Bidder D's proposal was. All the other proposals are specified, except Bidder D that was deemed "not in the best interests of GANs shareholders". Was it higher than £1.97, hence the desire not to reveal it?
Posted at 18/12/2023 23:16 by daveme
Interesting that GAN didn't admit to their failure at enforcing their 'wonderful' patent that was going to require all online gaming companies to pay GAN money if they wished to link up their online business with their bricks & mortar business. How many times was this highlighted as one of the pluses for the business case to invest in GAN!
Posted at 18/12/2023 13:35 by mylands
Can anyone explain to me following busterdog2 post, did GAN lose, or win?
Posted at 18/12/2023 12:13 by daveme
Does anyone know if the patent case is still ongoing or can we assume GAN lost?
Posted at 08/11/2023 19:27 by molatovkid
Another avenue -

hxxps://www.businesswire.com/news/home/20231108799810/en/GAN-Stock-Alert-Halper-Sadeh-LLC-Is-Investigating-Whether-the-Sale-of-GAN-Limited-Is-Fair-to-Shareholders
Posted at 08/11/2023 18:29 by daveme
The reason the current price is around $1.65 is because the sale isn't due to complete until Q4 2024, i.e. shareholders will have to wait one year before any money is received! Unless another bidder comes in, probably very unlikely, and barring any catastrophic event, GAN's shareprice will just bob along until completion.

A very disappointing outcome, in particular since you could have sold GAN in August above $2, i.e. whilst the strategic review was ongoing. A leason for all not to become too attached to any share and trust the bullsh*t spewed by the management!
Posted at 08/11/2023 17:18 by molatovkid
Sega could have done that already at a much lower price.

Be interesting to see what the ex-Coolbet owner makes of this, still holding GAN stock. Posts on Stocktwits occasionally, I wonder what he has to say.

Ultimately, should have sold at circa $30 obviously - thought this was going to set us up for life and got a wee bit greedy.
Posted at 27/9/2023 14:38 by mylands
I see the share price has 'jumped' by 2 cents, now 4 cents!

Shows what the market thinks of our ex CEO.
Posted at 13/1/2023 17:11 by daveme
Hi rivaldo, does not the $42M of cash also include the $30M loan GAN took out? I've always assumed it was included, hence making the cash figure not quite so rosy.

With regards the uplift in the share price, I put it down to the fact GAN is clearly worth more than $80M and the market has finally begun to realise it. They felt it wasn't going to go much lower than $1.20, hence it was time to get back on board with small downside risk and massive upside potential.

The ex-CEO of CoolBet clearly thought so with his judicious purchase in the $1.30s. His view is that CoolBet alone is currently worth $400M, i.e. 5 times the current $2 share price of GAN.
Posted at 28/12/2022 11:52 by epicsurf
Mergers with other companies are not always a smooth sailing process, however, Silverback’s first 12-months under the GAN banner has been just that, according to Raph Di Guisto, Founder of Silverback Gaming. 

Following GAN’s acquisition of Silverback in December 2021, Di Guisto stated that the team has “almost quadrupled in size” with its production rate “increasing rapidly”, while citing that the studio has a “long and successful” future as part of the GAN organisation. 

Looking more deeply at the hiring process, something which was a main focus upon the acquisition completion, the studio’s Founder noted that although setting up new processes and getting people to work in different ways was a challenge, it took this task “very seriously”. 

He noted: “We took this challenge very seriously, and now have the foundations to ramp up growth during the coming 12 months. Operating the business under the GAN banner has been game-changing – it’s allowed us to scale at pace and deploy our games with big-name operators in global markets. 

“Silverback has a long and successful future as a part of the GAN organisation.”  

One of the main questions through any integration/acquisition is how will this merger elevate a company to new heights. On this point, Di Guisto pinpointed that having GAN’s “financial firepower” behind them has, over the last 12-months, allowed the firm to produce nine games off its conveyor belt this year. 

Of these nine slots, three have been released via Relax Gaming’s Silver Bullet program, an alliance formed in January of this year, with the remaining six set to debut in the US, Canada and Italy in coming weeks. 

Silverback’s Founder added: “Without being a part of GAN, we would simply not have been able to increase game production to such an extent, nor would we have been able to so easily launch our games in markets such as the US, Canada and Italy.”

Taking a step back to the first few days/weeks of the newly formed merger, Di Guisto reflected that, though the company is “very much on track” with the expectations set out at the time of the deal, the early hiring stages were “a bit difficult”, pointing to the skills and talent shortage in the wider industry. 

He also revealed that the bedding in period took time with the team needing to start working together as “a unit” to deliver “quality games at pace”. 

However, once the team had found its feet, Di Guisto exclaimed “there’s been no stopping them” with Silverback actually “over-delivering” in 2022. 

“We’d conservatively planned to deliver seven games throughout the year, but ultimately managed to produce nine instead,” he stated. 

Reminiscing on the highlights of 2022, the Silverback Founder expressed his joy at finally being able to release games again, following an 18-month hiatus between the release of its third game, The Golden Sail, and fourth title, Golden Calaveras. 

“It felt really good to be back at it, especially considering that every single one of our releases has topped the previous one in terms of performance,” Di Guisto continued. “Our games are getting into more operator lobbies and players are playing for long periods of time. 

“This has been a great metric to highlight this continual performance improvement from one game to the next.

“We also had an amazing team-building experience in June where the entire team got together in the Bulgarian countryside for a few days. I know for a fact everyone really enjoyed it and is looking forward to doing it again next year.”

Casting its gaze into the new year, Silverback confirmed that it will have an “avalanche” of games coming up for release throughout the US, Canada and Italy for GAN’s existing operator network.

He also hinted at future movements, both in jurisdictions and with operators. He concluded: “We’re also exploring other jurisdictions and looking forward to releasing our games with the new operators which GAN is signing up via its Super RGS strategy. 

“We have some very innovative features in terms of mechanics, we’re developing our own progressives and have a number of game series coming up. 

“All in all, we should deliver around 22 games next year, half of which are already in production, so we’re really excited for people to see what we’ve been working on
Gan share price data is direct from the London Stock Exchange

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