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|RNS - yet another Simulated Gaming contract:
"GAN launches Simulated Gaming™ for Twin River.
Experience fully integrated with Rhode Island properties' Rewards Program
Twin River Casino in Lincoln, Rhode Island offers over 4,200 slots, 113 table games, more than 162,000 square feet of gaming space, a major event venue and several bars and restaurants.
· GAN launched its ninth Simulated Gaming™ client online at hxxp://play.TwinRiver.com following a rigorous technical deployment process meeting the compliance requirements of both the Client, and the Rhode Island lottery regulator.
· Launched on November 22, 2016 through linkage via www.TwinRiver.com with apps published on November 24, 2016 and patron marketing launched November 28, 2016.
|Just a matter of time for GAN, surely.
Extract from hxxp://www.onlinepokerreport.com/22374/out-state-casinos-interest-nj-online-gambling/
Parx Casino is a somewhat unwilling participant in online gambling. But as Parx Chairman Bob Green indicated at a 2015 hearing, if Pennsylvania is going to have online gambling, Parx is going to be involved.
Because of its close proximity to the New Jersey border and its strong brand, Parx would be in the enviable position of using New Jersey as a revenue stream, and not just as a testing ground.
Parx’s platform partner for simulated gaming in Pennsylvania, GAN (formerly Game Account Network), currently powers Betfair’s real-money online casino offering in New Jersey. The Borgata is expected to switch to GAN’s platform for online casino operations later in 2016.|
|Interesting, if a little old, link.
Trump Entertainment Resorts has only looked at exploiting Internet gambling !! LOL!
|Wrong call on trump.DYORLook who funded his campaign from vegas to the tune of millions|
|Trump has to be good news for GAN.|
|Trent, Trump has an economics degree.|
|Of course a collapsing US economy is not good for business but I cannot help thinking that on balance this is a good move albeit rather disruptive given his lack of experience and poor economics|
|Trump is a free marketeer.....nothing but good for opening the online US casino market|
|Trump election good for businesses I think. Should do no harm here imo.|
|Trump will not necessarily be anti-casino given he owns a load of them - GAN flaling seems over done althought a dollar fall will not help companies who earn in dollars and report in sterling (like GAN).
However, the bigger picture is one of US deregulations - will it now be faster or slower?
That is the question. I suspect, perversely, this might turn out tobe good news for GAN and hence teh fall today might be a good chance to buy a few more|
|Some crucial votes ahead. Slowly but surely the US opens|
|Not in GAN but:SENATE1324An Act providing for fantasy contests; imposing duties upon the 2001 Department of Revenue, the Department of Drug and Alcohol Programs and the Pennsylvania Gaming Control Board; and making appropriations. (Senators WILLIAMS and others) 7Pennsylvania Senate schedule for today.|
|Good article here relating to Station Casinos and the importance of simulated gambling as a pre-cursor to full online gambling.
king kong dong
|Fair ol trade imo|
|Good links thanksInterview is fairly convincing.Written for a while that GAN is really just a US regulation play.Been accumulating as I think the tide has turned and GAN money will just last.Risky but I think not priced in yet.|
|In other news it looks like the Pennsylvania senate decision may be in the balance for this year but given how much else GAN have going on not sure it matters too much:
|Pleased and surprised with those results.
Clean EBITDA loss is down to just £0.5m for H1, with perhaps better for H2. Remember that depreciation/amortisation make up the bulk of the headline loss.
£4m cash at 30/6 plus a further £1.8m since then mean plenty of leeway on cash.
The only negative is there won't be a system sale this year - but then with cash being fine and trading fast improving it's a bonus rather than necessary.|
|Worth remembering they've raised 1.75m since those results.|
|Larva, I think it is easy to look at the headline figures and judge the business purely on that. I do it myself.
However, that does the miss the rapid growth that GAN are experiencing and the product which is clearly appealing to potential clients. They have a foothold in US gaming now and that in itself is no mean feat. So to be capitalising on this and with the big names still to come on board there is massive potential here.|
|-- Loss before tax of GBP2.3m (H1 2015: Loss before tax of GBP2.6m) and loss
per share of GBP0.04 (H1 2015: loss per share GBP0.05)
-- Cash and cash equivalents at 30 June 2016 of GBP4.0m