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GAN Share Discussion Threads
Showing 251 to 275 of 275 messages
|isn't that the whole idea behind this share lol get ppl hooked on gambling|
|The great irony of all this is in my own case.
Never set foot in a casino until I started playing poker online, then went from there to playing live in a casino - thereby spending money.|
king kong dong
|That is the key battle ground and it is hard to see Trump coming down in favour of prohibition.
However, he was funded by the Wire Act's main supporter so not a formality.
That is what investing is all about - risks and rewards|
Given his business background, job creation agenda and ease of access to unregulated offshore centers which will benefit by a ban its hard to see State governors taking prohibition lying down. Indeed the opposite-jobs and tax for even more States v conservative ideology is likelyl to prevai. Macau or Atlantic City-Donald Trump's America First agenda would suggest the latter. If it does GAN will soar. imo|
|IMO Its fairly binary on a 1-2 year time horizon.
The recent license could make it an attractive target. Any takeover would probably need to be minimum £1/share because of the CLNs just priced at that level. So downside 30p, upside 70p+.|
|The chatter last week was written about by Chris grove in the Huffington post I'll try to put link here http://m.huffpost.com/us/entry/us_58f3b057e4b04cae050dc87c?utm_content=buffera5e4e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer|
|Gan is a play on the US - other gaming companies have "some" exposure to the US (some more than others). GAN is an almost pure US play and hence is more sensitive to US regulation changes.
It is important to be able to read between the lines and the mood music from the Trump government all the way down to State level.
The reality that citizens will gamble anyway (illegally) means at least that Trump is realistic - States can regulate themselves. Once a few more "go" then it could be a free for all and US facing gaming stocks could rise significantly.
With GAN the downside should be limited and the upside potentially very large.
GAN could also be taken out by someone like PTEC very easily (loose change) to get them to the casino table.|
|That's a "no" then|
|When you say none were successful does not mean they failed if you see what I mean. The federal issue needs solving first. The lobby against federal regs is strong and organised.The Atlanta news is good|
|TEB.... the very reason I asked about your frequent assertions that U.S. gaming legislation is somehow responsible for share price rises is that almost every article about U.S. gaming legislation written by informed sources indicate that there is precious little chance of any prospect of this happening soon. You obviously believe this not to be the case and I wonder where your information is coming from? As a matter of interest Bills were introduced in California, New York and Pennsylvania last year. None were successful. Do you have ANY information that investors are suddenly deciding that this is going to change in the imminent future?|
|You can easily read around this subject. Certain states are getting closer and have regs going through.The big issue is whether a federal law goes through banning all online gaming. That is a real threat but seems to be weakening,Trump wants less job killing regulations. A federal regulation is exactly that.|
|So much for the land of the free eh?|
king kong dong
|TEB....I'd be fascinated to read the rationale behind your belief that U.S. gaming is going to happen soon. Which specific States do you believe are going to introduce legislation in the immediate future and what evidence do you have to support such a view?|
|Yep. Odds lengthening I think|
|The only issue is the overhang of potential outright igaming federal ban by new justice department head Jeff Sessions...hopefully this doesn't happen ever.|
|It really is all good news for gaming companies with US exposureGAN are pretty well positioned. Was always a leveraged play on US regulation.Must be unstoppable surely....|
|Especially with the latest news from New Jersey
Best month for New Jersey's internet gambling lifts casinos
Apr 12, 2017,
There's no longer much of a debate about it: Internet gambling is helping to save Atlantic City's casinos.
New Jersey's online gambling market had its best month ever in March, registering an increase of more than 40 percent from a year ago as it helped Atlantic City's casinos boost their gambling revenue by more than 9 percent. When the shuttered Trump Taj Mahal is excluded from the calculation, the seven surviving casinos saw an increase of nearly 17 percent last month.
Figures released Wednesday by the state Division of Gaming Enforcement show the casinos won $221.8 million in March. That's an increase of 9.3 percent compared with March 2016.
The results were helped by an increase of 40.2 percent in online gambling revenue, which increased to $21.7 million in March, compared with $15.5 million a year ago.
Of the seven brick-and-mortar casinos currently operating, only Bally's posted a decrease, and it was only 2.2 percent.
Internet gambling began in New Jersey in November 2013 as a way to help the state's struggling casinos. It appears to be doing just that, gambling authorities said.
"Every month should be as good as March was," said Matt Levinson, chairman of the New Jersey Casino Control Commission. "When coupled with the very strong earnings report that came out last week, it's clear that casinos have started to grow the market and increase their profits. That is generating a lot of positive interest in Atlantic City and has already attracted significant new investment in this market."
In recent months, Hard Rock International bought the former Trump Taj Mahal casino, which was shuttered in October, and announced plans to reopen it in summer 2018. And some local developers have bought the former Atlantic Club casino and plan to reopen it as a non-gambling water park resort.
David Rebuck, director of the gaming enforcement division, called the March numbers "further proof of the industry's stability during the past 18 months."
"For the first three months of 2017, internet gaming revenue is up 32 percent compared to last year, and the (online) industry is on pace for another record year," he said.
The Tropicana saw the largest monthly increase, up 37.6 percent to $35.2 million. Casino president Tony Rodio said the Tropicana continues to benefit from ongoing capital improvements to the property, such as new Jose Garces restaurants, a recently renovated Havana Tower and renovations to the casino floor.
"Overall, I think March is a great indicator of the overall health of the Atlantic City market," Rodio said.
The five casinos that offer internet gambling took in between $3.1 million (Caesars Interactive-NJ) and $6.1 million (Golden Nugget). Resorts Digital saw its online winnings increase by more than 123 percent in March, from $1.8 million in March 2016 to $4.2 million last month.
New Jersey is one of only three states that offer internet gambling, along with Nevada and Delaware. Other states are considering legalizing it.
|rns out....good news!
king kong dong
|TrueThat is why it is 9 percent to reward risk takers but yes, will eat into profits paying it off|
|Clever or just a con. I just had a look at the actions required on my account for the loan notes. Well not only could I apply for my allocation but for more if required. Really undecided on this one as 9% will soon eat into any profits & like so many aim listed companies, how often do they actually hit their all to often over ambitious targets.|
|Will give it a miss I think|
|the high return is for the high risk no doubt|
|Not a bad return - 9%!!
Tempting to take a chunk actually|
|Interesting RNS today - Michael Smurfit has injected £2m into GAN via Convertible Loan Notes, and there's an offer for existing shareholders too.
The new notes are convertible at 47p, so some decent performance will be required from here (there is of course 9% interest payable in recompense...).
I note a buyer of 53,000 shares at 37p this morning.....
"The Board has determined there exists a requirement for additional capital in order that the Company has available to it suitable financial resources to respond to the opportunities the Board believes will be available to the Company in newly regulated intra-State Internet gaming markets in the United States, currently specifically in Pennsylvania, together with the opportunity to commence a US patent licensing program and other general working capital purposes.£|
|Nektan really flying|