Gan Share Discussion Threads

[cumnor] 17/1/2019 12:48

Am I reading this correctly?..Quarterly revenue (and growing)$41ml..Is this purely GAN's revenue? If so this is massive-for a company with a mrkt cap of $60ml. Profits should be impressive once this gets bedded in and mrkt cap will balloon.

[noujay] 17/1/2019 12:37

David have been selling into any strength for a while as presumably they have more than met their investment criteria so time to move out. They also did buy on dips far as I can tell.Whatever the weather this update is cracking and bodes very well for 2019 indeed.

[rivaldo] 17/1/2019 12:34

Agreed - probably a seller (such as David Capital) out there clearing their books.

Terrific update this morning. This sums it up:

"exceptionally strong momentum with all business units of the Company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q4 2018"

[libertine] 17/1/2019 11:20

David Capital Partners have been selling the past week, and are now probably selling their last 3% holding.
Probably panicked by the latest US reversal on online gambling.
Should show some large delayed trades later or tomorrow.

[noujay] 17/1/2019 11:11

Didn't think we would see this price quite so soon, ridiculous IMO. The indicators are transformative for GAN!

[carcosa] 17/1/2019 10:37

Given todays Q4 KPI update I have finally oulled the trigger and bought some shares, having waited since July 2018 :-)

For me the Q4 numbers (56% change QoQ) imply a considerable beat for the full year (and 2019) turnover forecasts. That, together with 2019 being when a lot of State legislation being enacted (subject to govt shutdowns!) to permit legal gambling is my reasoning.

However, GAN is unlikely to be a major holding for me due but nonetheless a useful one to have in the portfolio.

[cumnor] 17/1/2019 10:24

Wow! And this is just the beginning of the beginning. Potential for exponential growth here.

[busterdog2] 17/1/2019 10:17

Excellent update!!

[noujay] 16/1/2019 18:38

For the skittish who sold out their shares over the past couple of days here's some comfort:https://www.playpennsylvania.com/pgcb-response-doj-wire-act/

[busterdog2] 16/1/2019 16:31

I guess the rns accounts for some of the large trades and explains why the price didn’t move.

[noujay] 16/1/2019 13:44

https://www.cdcgamingreports.com/analysis-tortured-effort-by-doj-attorneys-concerning-the-wire-act-will-be-decided-in-federal-court/

[bookbroker] 16/1/2019 08:42

Concerning this decision in the US as regards interpretation of the Wire Act, it would be a travesty if the process by which each state can determine its own jurisdiction of the law relating to sports betting, etc would be forced to comply with a Federal Act that is outdated and outmoded. Nevada and Sheldon Addison should be forced to accept that each state should be within its right to determine its own future, the Wire Act was all about organised crime running illicit gaming operations, that is history as far as the original purpose of the Act!

[noujay] 15/1/2019 20:38

Might attract an RNS shortly at those figures.This is a good background read on the JD opinion:https://www.ifrahlaw.com/ifrah-on-igaming/1-14-19-olc-wire-act-letter-possible-impact-sports-betting-online-gaming/

[busterdog2] 15/1/2019 18:20

They were all from yesterday. Interesting though.

[noujay] 15/1/2019 17:43

Interesting action showing up now!

[libertine] 15/1/2019 17:38

16:36:29 58.1000 1,000,000
15:05:28 58.5000 700,000
08:25:29 59.5000 100,000
13:37:16 59.5000 100,000
14:30:58 58.5000 100,000

[noujay] 15/1/2019 13:52

As the dust settles around the wire act opinion here's a slightly more practical assessment of the implications:https://calvinayre.com/2019/01/15/business/online-gambling-illegal-sure-whatever/

[noujay] 15/1/2019 08:39

Politically driven opinion to appease the largest GOP donor it seems. The most affected by anything like this would be poker which requires intra-state liquidity to thrive.Outside of that it just means the geo location aspects need to be tightly controlled. The same ones that are already tightly controlled in NJ.In other news the Turf Club is soft testing from today.

[bookbroker] 15/1/2019 08:16

Supreme Court is the highest court in the land, the original was challenged and overturned, you cannot have one law for Nevada, and three other states and not apply it every other one, maybe they should simply ban all gambling fullstop in the US, and close every casino down!

[molatovkid] 15/1/2019 07:52

Interesting post waterloo....I am far from an expert, but I believe the Supreme Court is the highest court in the USA, so perhaps they have had the final say. Don't know....

Sheldon Adelson needs to get with the times. If all this money he had spent had gone into Internet gaming instead of opposing it, he would be ready to capitalise on the opening up of the national market.

[rivaldo] 15/1/2019 07:45

Another good update from New Jersey this morning - 40% up year on year in internet gaming win revenues, and sports wagers continuing to climb.

[waterloo01] 15/1/2019 07:30

Don't wish to rain on anyone's parade. By all means go all in!

[molatovkid] 15/1/2019 07:27

So tempted to go all in on GAN & the US gaming market.....

[noujay] 14/1/2019 23:46

Certainly looks like GAN are in with the right partner in PPBF. Ocean Resort is the exception so far as it looks weak.The Betfair Casino is reckoned to comprise 30-35% of the Golden Nugget online casino revenues which delivers PPBF some $3-3.5m of revenue for December.GAN provide the platform for this and on top of that it directly links to the Fanduel Sportsbook and is soon likely to be rebranded as Fanduel Casino.It all looks very neatly stitched together in NJ.

[cumnor] 14/1/2019 21:57

Impressive..........