Gan Share Discussion Threads

[noujay] 26/3/2019 10:35

The results will be 8am here - the conference call at 4 is because the management are in the US

[mylands] 26/3/2019 10:34

US Investors, who make up the bulk of the shareholders following the placing at 50p last year, obviously don't get up at 9.30am!

[edwards9] 26/3/2019 09:33

Cumnor...yep, it's very disappointing.

[mylands] 26/3/2019 09:31

cumnor

The US markets open at 9.30am Eastern, so why not issue the RNS then which is 1.30pm here?

[cumnor] 26/3/2019 09:29

For the benefit of US investors.

[edwards9] 26/3/2019 09:26

Poorly worded RNS but my interpretation/hope is that the Conference Call at 4pm and that the Results themselves will be published earlier that day.

[mylands] 26/3/2019 08:57

Results out at 4pm (12 noon ET) on Friday.

Gives the market 30 minutes to react!

[noujay] 21/3/2019 20:34

Few larger trades reported after hours and judging by the price all buys - obviously somebody has to be selling but not necessarily precisely matched to the larger trades, so given the timing of WV etc I'd take it as positive

[igoe104] 21/3/2019 08:55

New Hampshire House passes sports betting bill with amendments.

[ltinvestor] 21/3/2019 08:45

Molatov kid.Yes, it is very easy to lose patience when one holds a stock that just doesn’t move.I purchased Eco Atlantic about a year ago and watched it move +_2p for an eternity.Then it took off and is now 3x my purchase price.I am sure that once results are published and along with a positive statement then the Gan share price will start to gain momentum

[noujay] 20/3/2019 16:30

Plenty of legislative rumblings now - NY group of law firms clarified that mobile betting can be allowed without a vote or changing the constitution..Ties in with Davy report

[molatovkid] 19/3/2019 14:45

...but 99% of investors don't realise it yet.

I had this same thing with Versarian. I bought in under 20p - price went nowhere for ages so I sold 'em and then it rocketed afterwards once the herd picked up on it.

[noujay] 18/3/2019 15:29

To be fair it's was just six grand's worth of sells. Frustrating when you see constant chunks but not so far. It does consistently find 50p again quickly after a dip, which was the last placing price.Should hear something on Pennsylvania sports numbers for February in the next day or so which will be interesting.

[mylands] 18/3/2019 14:05

Back to 50p bid and immediately we see a couple of sell trades going through.

The climb from 42p has been good to see, so consolidation above the 50p mark will be my guide to further purchases.

[rivaldo] 18/3/2019 11:56

Ohio, Kentucky and Indiana are now all on the road towards sports betting:



"Senators introduce sports betting bill in Ohio
15 March 2019

Lawmakers in Ohio are to run the rule over a new bill that could lead to the state legalising land-based and online sports betting.

Sponsored by Senators John Eklund and Sean O’Brien, SB111 would permit the state’s 11 casinos and racinos to offer legal sports wagering to consumers in Ohio.

SB111, the first sports betting bill introduced in the Ohio Senate in the current legislative session, sets out measures that would allow for remote sign-up for players.

Venues that want to offer sports betting services would need to pay a licence fee of $100,000 (£75,500/€88,300). Licensees would be able to enter partnerships with operators in order to offer sports wagering.

Casinos and racinos that secure a licence would be subject to a tax rate of 6.25% on gross sports betting revenue. However, the bill omits any language relating to a so-called ‘integrity fee’ for professional sports leagues.

Ohio had been one of the only northwest states not to consider sports betting since the repeal of PASPA last year.

Pennsylvania to the east has been running a legal sports wagering market for a number of months, while neighbouring West Virginia has also legalised sports betting.

Meanwhile, Kentucky to the south is also considering a bill that would allow for legal sports wagering in the state, while Indiana is edging closer to legalised sports betting after the Senate recently moved to approve a bill."

[noujay] 15/3/2019 11:12

The NJ stuff seems more just to offer a general feel for the growth US sports betting is experiencing and as it's non specific investors ought to be seeking out that information themselves since you can get it anywhere. Aside from that and the social award though I'd say most of their releases of late have been fairly noteworthy.

[john09] 15/3/2019 10:59

The RNS that this company puts out are never conducive to share price action imho. I always read them and go “ok so what”

[rivaldo] 15/3/2019 10:45

Very nice comment today from Davy Stockbrokers in Ireland....



"New York online sports betting still a near-term possibility?
Mar 15 2019, 08:30 GMT Michael Mitchell Sector Report 6 page(s)
Sectors : Gaming
Companies : GAN | Paddy Power Betfair | GVC Holdings | William Hill plc

DAVY VIEW

While the ultimate size of the US sports betting opportunity remains uncertain, the near-term opportunity is becoming clearer. New Jersey (NJ) continues to surpass expectation, while the Pennsylvania (PA) market online launch is edging closer (retail is already operational, with FanDuel launching at Forge Valley this week). However, it is the news that online sports betting is still being considered in New York (NY) that is particularly interesting. As Paddy Power Betfair recently noted, the combined NY/NJ/PA states are 1.7x the size of the Australian market in population terms. Of course, over 50% of the Australian market remains retail and therefore off limits to corporate bookmakers. Should the NY/NJ/PA market be online-focused as expected, the addressable market for gaming operators could be arguably be >3x the size of the market ‘Down Under’"

[cocker] 15/3/2019 09:54

Seems like a good update and yet market hasn't reacted to the news. I guess results at the end of the month hopefully will do so.

[igoe104] 15/3/2019 08:11

GAN Reports Strong February 2019 Internet Gambling
Growth For New Jersey
Total Internet Gaming Win Increased 44.4% from prior year monthly period
London & Dublin - March 15, 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 updated the market following the publication on March 13, 2019 by the New Jersey's Division of Gaming Enforcement ("DGE") of Internet gaming and Internet sports betting financial information for the calendar month of February 2019 in New Jersey.
Highlights from the DGE include:
-- Internet Gaming Win was $31.7 million in February compared to $22.0 million in the prior year period, reflecting a year-over-year increase of 44.4%.
-- Total Internet Sports Wagering Handle (1) was approximately $259.0 million for the month of February 2019, slightly down from $305.0 in January 2019, but up from $241.0 million in December of 2018.
-- Internet Sports Wagering Gross Revenues (2) (after payouts) were $12.9 million, compared to January's $15.5 million and December's $14.7 millio

[rivaldo] 14/3/2019 13:33

Good coverage of GAN's news here:

[noujay] 14/3/2019 08:23

Positive stuff for online casino too that side looks strong. Also noteworthy how much Fanduel produced (additional $1m) compared to DraftKings (who fell off a cliff - 50% down to c.$4m) - I'm not sure of the analysis on why DK dropped but it seems like GAN are in bed with the right partner.

[igoe104] 14/3/2019 08:08

Nearly $2 billion in New Jersey sport bets in 9 months.

New Jersey gamblers plunked down more than $320 million on sporting ... “FanDuel Sportsbook's first Super Bowl vastly exceeded our expectations

[noujay] 13/3/2019 16:07

West Virginia on the governors desk and Michigan moving along - you'd be hard pressed to find one with such good newsflow. Latest NJ figures out today too.