Gan Share Discussion Threads

[john09] 29/3/2019 08:09

What an odd announcement.

If they had just said “we are pursuing a Nasdaq listing because this kind of stock is understood better there etc” then this would be up 30% now

[molatovkid] 29/3/2019 08:08

I would say there is more likely this going up in value now....one way or another - sale or US listing.

[jon123] 29/3/2019 08:05

i thought it would drop at the opening

[rimau1] 29/3/2019 08:05

This is excellent news. The BOD are basically saying that the market is significantly undervaluing the business, its patented technology and its prospects. The timing is good, most strategic reviews take place in a position of weakness when businesses have messed up. 2019 has so far exceeded expectations. Happy holder.

[molatovkid] 29/3/2019 08:01

As the RNS says our assets are scarce....and if you get the patent you get the power

[igoe104] 29/3/2019 07:59

We just need a few interested parties and a bidding war ?????

What price can we expect ?????

[noujay] 29/3/2019 07:55

They would already have been aware of the ambition for a US listing since it's been no secret. As for a sale - if 2019 is showing the growth they are suggesting then now could be the right time as things start to open up.

[mylands] 29/3/2019 07:52

I wonder what the placees who under a year ago paid 50p a share for 15 million shares (15% of the equity) think of this? Were they consulted?

[molatovkid] 29/3/2019 07:52

Interesting too that Union Gaming are US and Far East based. So GAN could be a very attractive vehicle for a big Far Eastern enterprise to enter the US gaming market....Or Las Vegas !! C'mon Sheldon...stop opposing gaming and get some skin in the game man!!

'Union Gaming is a boutique investment bank and advisory firm focused exclusively on the global gaming industry with offices in Hong Kong, Las Vegas, Macau and New York.'

[noujay] 29/3/2019 07:43

Interesting batch of announcements this morning. Unexpected too!Trading ahead of expectations for 2019 so far and looking at a US listing which has been mooted for some while now.All options on the table as pointed out earlier but they are in an interesting moment with good positioning, growth and partnerships.This afternoons conference call will certainly be worth listening to.

[mip55] 29/3/2019 07:37

We won't be eligible to apply for a NASDAQ listing for a few years anyway, given their listing criteria so perhaps an outright sale may preferable .

[molatovkid] 29/3/2019 07:24

I think all options are open.....someone comes along and pays enough, then we all win and no waiting years.

A US listing could also be great news....guess we will have to see.

PaddyPowerBetfair/ William Hill / GVC - they are setting their stall out in the US and this would be a very handy addition.

[twistednik] 29/3/2019 07:17

Very difficult to know the value of this business - more valuable to someone else than as a stand-alone entity.Nasdaq listing could help !

[igoe104] 29/3/2019 07:17

Just as states are starting to open up, the for sale sign has gone up, how weird ???

why not wait a few years then, sell up ?

[jon123] 29/3/2019 07:17

looks like the smurfits have thrown the towel in here i don't think its a good move but time will tell

no mention of the legal stuff i think thats a dead duck only people to gain as always will have been the lawyers

a bit disappointed with the results to be honest

[gersemi] 29/3/2019 07:12

Put themselves up for sale. Well, that's a surprise

[philjeans] 29/3/2019 07:10

Looking for a takeover here now.

BUY

[noujay] 28/3/2019 19:00

Good timing - GAN's largest US customer lays out the expansion plans of which they play a meaningful part

[metis20] 28/3/2019 18:41

FY results out here tomorrow at 7:00 GMT - same as for the 2016 and 2017 FY results

[gersemi] 28/3/2019 18:29

Paddy Power Betfair

US Investor Day on FanDuel Group
RNS Number : 3895U
Paddy Power Betfair plc

28 March 2019


Released: 28 March 2019 (18.30 GMT)

Paddy Power Betfair plc (the "Group")

US Investor Day on FanDuel Group

The Group is today holding an Investor Day on its US operations, FanDuel Group, at its sportsbook in New Jersey. The purpose of the event is to present further detail on FanDuel Group and to outline the opportunity to create substantial long-term value in the expanding US market.

FanDuel Group's leading online fantasy, racing and casino businesses have now been supplemented by the successful launch of its sports betting business. Combined, FanDuel is the sector's number one online operator in the US and has a substantial nationwide footprint1. In addition, future state-by-state regulation of sports betting presents a huge market opportunity that is likely to be transformative for the gaming sector. We are well positioned to continue to capitalise on that opportunity given our key assets:

· An established sports-focused brand with high national awareness

· An extensive and growing national customer base with over 8.5 million registered customers

· Unique cross-sell opportunities across four distinct product verticals

· Substantial scale, resources and operational expertise already established in the US, supported by the Group's global capabilities and financial strength

The distinct advantages above have been very evident in our success in New Jersey to date:

· Podium position established in the online market with FanDuel accounting for 46% of handle (stakes) in the market to date2

· Leveraging the FanDuel brand and fantasy database has enabled us, at an attractive investment cost, to already establish a valuable online sportsbook customer base of over 100,000 customers

· Continuing to acquire customers at attractive projected return on investment, with average contribution3 payback within 12 months

· Meadowlands established as the marquee venue for retail sports betting, with over 50% of retail market handle (stakes) to date2

· Forecast Q1 2019 sportsbook gross revenue of approximately $30m, double the revenues generated in Q4 2018

· Initial cross-sell to Betfair Casino has been very encouraging, already contributing to accelerated casino growth. This has elevated Betfair's online casino market share to 15%2 in February

Guidance with respect to total New Jersey sports betting contribution remains unchanged: we continue to expect to generate positive contribution3 in the state 18 to 30 months post launch (i.e. at some point during 2020).

The presentation used at the event will be published later this evening on our corporate website:

[noujay] 28/3/2019 15:24

Should get some more forward commentary which will be interesting plus presumably some allusion to west virgina legalising.

[mylands] 28/3/2019 14:45

Looks like there must be an overhang of stock when someone can buy 39,300 at 51p, with only one MM on the offer, and the share price does not move up.

[busterdog2] 28/3/2019 09:21

Hoping for positive results and news tomorrow.

[noujay] 28/3/2019 07:59

West Virginia has now legalised online casino so another positive step

[mylands] 26/3/2019 10:47

Noujay

You are correct!