Gan Share Discussion Threads

[bookbroker] 06/3/2019 10:08

Gap filling I’d say down to high thirties, other than all online US gaming companies been under pressure of late, is that indicating an issue with the threat to repeal the opening up of online gaming over there!

[douglas fir] 06/3/2019 10:03

tx for that....

certainly is attritional...

[noujay] 06/3/2019 09:05

I just think that the combination of a very illiquid stock combined with (broadly speaking of course as clearly they are plenty that do understand) a general lack of meaningful knowledge about this company and where it generates its revenues from doesn't help the price action.Seems to me that if for example you look at PPBF today - not outstanding overall results but it's hardly going out of business either, has triggered some selling. However, probably the most interesting aspect of its business (in fact Jackson said as much) is the US one which is on a big growth trajectory. This is very important for GAN as pretty obviously they are going to be their biggest customer in the US. Moreover, their online casino is growing well and they have just started to cross-sell into that from sports. That's the juice for GAN.Next week or so WV will likely extend sports betting to mobile etc so all being well that will also help albeit a fairly small market. Yet no anticipation of this in the price and it will be, like all others, a recurring revenue stream for GAN.I expect this this to move up sharply this year but perhaps the waiting is too much for some. Well it obviously is!! Best to all.

[douglas fir] 06/3/2019 08:48

Noujay...whats your take on whats going on here?

..seems to be a persistent seller in the market unloading in batches of 10k or so every time price goes north a tad.....been going on for months now.Any ideas?

...do you feel that that regulatory environment in the US is weighing rather heavily here.....or more of what Molotov has said above is required?

[molatovkid] 06/3/2019 08:25

Just got to be patient with this one I think.....this is long term bet for the real gains.

[noujay] 06/3/2019 08:23

PPBF reporting US growth, major ongoing commitment to expansion as it opens up and increasing cross-sell from sports to casino since mid-December.

[igoe104] 06/3/2019 07:37

kentucky is the latest state in America to become a step closer to legalising sports gambling services, this comes after a bill was unanimously passed by the house committee this week, which allows the state to inch ever closer to opening the doors to wagers on sports, but there’s still a long way to go before authorities give their approval and for the wheels to be set in motion. Adam Koenig introduced House Bill (HB) 175 to the committee in the hope that the state would allow residents to gamble on horse betting at racetracks, at the Kentucky Speedway, place wagers on other sporting events throughout the state and even through mobile applications and online gambling services; including poker and fantasy sports. But this is a tricky process as with all forms of gambling, especially online, as it requires the prospective player to register in person at the venue, before being able to place bets.
The house has shown overwhelming support for the bill, but lobbying is expected to thwart the process and some even estimate that land-based casino operators will try and stop it altogether.
Gambling Revenue
It’s expected that the sports book operators would be hit with a 9.75% tax on land-based revenues, plus a 14.25% tax on wagers accepted through online services. The Commonwealth Economic, a research firm estimates that this would boost Kentucky’s tax income by as much as $48 million per annum, but they’re not the only state in American wanting a slice of the pic and if neighboring states decide to jump on the sports betting bandwagon, revenue from income is predicted to be less than half that at $20 million a year.
There would also be costs of $1 million for sports book operators when acquiring a gambling license, this may seem a little hefty, but when you compare it to the license fee of $10 million in Pennsylvania, that $1 million charge doesn’t seem too bad after all!
Source: hxxps://calvinayre.com/2019/02/22/business/kentucky-one-step-closer-legalized-sports-gambling/

[douglas fir] 05/3/2019 21:14

Mar 4 2019, 14:19 41.00 264,654 0.00 0.00 ? £108,508.14 O
Mar 4 2019, 14:19 41.00 264,654 0.00 0.00 ? £108,508.14 O


any ideas as to what these trades are?....41p...??

[rimau1] 05/3/2019 08:10

Another top up for me at 48.7, very much looking forward to results.

[noujay] 04/3/2019 18:06

Good to see the company getting recognised for the social offering although the market was obviously hoping for something else!Of late it's pushed back fairly quickly after going sub 50p, which seems around the floor following the placing last year.PPBF should give some decent read across on Wednesday.Always surprised that the price hasn't pushed on a bit further given their position but when it does move it goes quickly.

[alan@bj] 04/3/2019 15:09

Results are out on March 29th. The 25th January update stated:-
2018 Financial Highlights

Trading for FY 2018 is expected to be ahead of market expectations with revenue between £10.5M to £11.3M versus £9.1M for FY 2017. This result was primarily driven by real money Internet gambling which increased H2 2018 revenue by more than 40% over H1 2018. High quality recurring revenues represented approximately 85% of total revenue for the period, with almost two thirds originating from the US, the Company’s key geographic market.

GAN ended the period with a strong debt-free balance sheet with £5.3M in cash as at December 31, 2018. EBITDA1 losses for the year are expected to be between £1.0M and £1.5M, due to continued investment in technical development resources throughout H2 2018 to enable the successful launch of the new Internet gambling services for clients in West Virginia, Pennsylvania, and New Jersey in H1 2019.

2019 Outlook

The outlook remains highly positive due to continued and rapid growth in real money Internet gambling delivered for clients in both the US and European markets. The Company therefore expects the strong momentum achieved during H2 2018 to continue into FY 2019. As such, management expects mid to high double digit percentage year on year revenue growth in FY 2019 and full year positive EBITDA1, based on the current fixed cost base.

The Board does not anticipate any additional capital requirement on the current business plan and the Company is therefore fully funded as it enters FY2019.

[molatovkid] 04/3/2019 09:21

Getting recognised in their field....

[igoe104] 04/3/2019 08:02

NDON STOCK EXCHANGE (LSE): GAN : IRISH STOCK EXCHANGE (ISE): GAME

GAN Awarded 'Best B2B Social Slot Company'
Prestigious Industry Award from leading US gaming research firm Eilers & Krejcik Gaming

London & Dublin, March 4, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announces GAN's Simulated Gaming service for US casino operators won the award for 'Best B2B Social Slot Company' at the Eilers & Krejcik Gaming LLC Industry event held on Thursday February 28, 2019 in The Bellagio Hotel and Casino, Las Vegas, Nevada.

Competitors for this major Industry award included large casino equipment manufacturers such as Scientific Games and Novomatic. Beating major US incumbents reaffirms the Company's belief in the competitive advantages inherent in GAN's US-patented technology Platform and supporting services, offering casinos in all US States the opportunity to launch a 'freemium' online gaming experience. GAN's 'Simulated Gaming' leverages the Casino's retail loyalty program and delivers multiple proven success factors: Reactivation of lapsed retail customers, increased retail visitation by existing customers together with incremental high-margin income in the online channel.

Highlights

· US leading gaming research firm Eilers & Krejcik Gaming LLC ("EKG") hosted the first Annual EKG Slot Awards on February 28, 2019 to acknowledge excellence in slot machine game development within the US casino gaming Industry - including both land-based slot development as well as social casino games. Awards are determined by the principals of EKG together with a panel of Industry executives from the online Social Casino Industry.

· Approximately two-thirds of all patrons who frequent land-based US casinos are believed to also play multiple 'freemium' slot games online offered by online-only operators. GAN's retail casino clients of Simulated Gaming capture an incremental share of their customers' existing online spend, by offering a 'freemium' Internet casino gaming experience which closely resembles the on-property casino gaming experience.

· GAN's US-patented technology enable the client's customers enrolled in the retail Casino loyalty program to sign up online, instantly link their retail loyalty card to their online account and receive loyalty points in exchange for diverse online actions such as spending money, referring friends or other non-gaming actions. Loyalty points received from online activity are subsequently redeemed in the retail Casino property for free hotel room stays, free buffet meals and/or free gambling on any of the slot machines available inside the Casino.


Management Commentary

Dermot Smurfit, Chief Executive Officer of GAN commented, "Eilers & Krejcik is a pre-eminent and highly respected gaming research firm in the US and their recognition of our achievements are sincerely welcomed by everyone at GAN. We firmly believe GAN offers an extremely effective path for US casinos seeking to move online and engage their retail gaming customers in the online channel. Our patented technology Platform places loyalty program at the heart of the online experience and delivers increased share of their customers' existing wallet. We look forward to continuing our service to the US casino operators."


GAN: Overview

GAN is a leading business-to-business ("B2B") supplier of internet gambling software-as-a-service solutions ("SaaS") to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino

[mip55] 03/3/2019 07:49

PPBF results out Wednesday , be interesting to read their take on the U.S. market.

[noujay] 26/2/2019 14:30

Can barely believe it - somebody actually took a decent handful in one go!!

[busterdog2] 23/2/2019 14:37

SCSW haven’t covered it since their initial buy recommendation. Got to be due an update soon, hopefully next month.

[noujay] 23/2/2019 10:27

Impossible to know how it will perform over the next few weeks. The broad brush of what to expect is pretty much in the previous update in terms of headline figures.It will be good to hear more about the JV with Winstar and how that is performing as it's impossible at this stage to get any real handle on that whatsoever. Plus they will doubtless confirm that the momentum from q4 has continued into q119 given the recent updates from NJ (and even Parx sports betting which posted an excellent first month net revenue compared to all the other operators and it was only a part month with limited football). Ocean has so far not done very well that's for sure despite the way it was spun in the previous update. It's changing ownership again and who knows what the future is for it.I guess that legislative momentum will be the driver to the next price - West Virginia seems very likely and very soon which ties with the Fanduel extension, plus they are adding Valley Forge in Pennsylvania shortly (not to mention the big one there which will be when they finally get going online).If you look at the legislation progress maps at playusa etc and the marry them up to GAN simulated clients then what does seem clear is that management have been very attentive to partnering up with not only meaningful casino clients but also those which are in states likely to legalise and be potential conversions to real money.Has the small company newsletter covered it further, anybody know?

[mip55] 23/2/2019 09:29

Let us all hope we get the anticipated break out before, or at very least, immediately following the results on March 29th.

[noujay] 19/2/2019 19:56

For interest given the recent Fanduel deal and Michigan commentary.WEST VIRGINIA ODDS-ON FOR ONLINE CASINO EXPANSION? Word from Charleston sources is that if the West Virginia House Judiciary Committee today approves a bipartisan online casino bill, that bill will likely sail smoothly to final passage.The bill has clearly been drafted to ensure a competitive marketplace (10% tax rate, $250k operator license fee for casinos, no language that would preclude skins).If some version of it becomes law, will the West Virginia Lottery Commission expeditiously implement online casino, or hold fire until after ambiguity stemming from the DOJ Wire Act opinion is resolved? MICHIGAN READYING FOR REDUX. We hear that Michigan Rep. Brandt Iden will soon reintroduce his online gambling bill (sports + casino), and that that bill is expected to look similar, if not identical, to the bill that was vetoed by former Gov. Rick Snyder late last year.We also hear that Michigan casinos and the Michigan Lottery are in talks about how best to shape online gambling policy. Those talks – which we think bode well for this year's effort – come after Snyder, in his veto message last year, raised questions about whether online casino would cannibalize the lottery's fast-growing online lottery program. BUCKLE UP, IOWA. After all stakeholders offered their competing visions for regulated sports betting, lawmakers appear to have crafted their version of a consensus. Senate Study Bill 1168 is the one to watch, per sources close to the process.A Senate subcommittee will reportedly take up the bill this afternoon.The bill remains mum on tax and license fees, authorizes fantasy sports, and allows for online sports betting, but requires accounts to be created in person at the sportsbook (which is a great way to ensure that sports betting generates the minimum possible number of new customers for casinos).

[igoe104] 17/2/2019 16:45

Hes only against online gambling, because it could damage own his land-base network. hes not worried about the damage it can do to gamblers, he's just worried about his own pocket.

greedy get, only worth $33 billion, how much more money does he want ?

[trentendboy] 17/2/2019 14:59

This was always going to be the case - the man is an idiotHopefully this will sink in and the casino I industry will get behind this push

[molatovkid] 17/2/2019 11:21

And if that's the case, then the likes of Sheldon Adelson might start to quietly withdraw their opposition to online gaming and start adopting it.