Gan Share Discussion Threads

[someuwin] 26/10/2017 16:10

Far-Reaching Gambling Bill Nears Vote In Pennsylvania House

By Marc Levy | Associated Press • 41 minutes ago

The Pennsylvania House returned to session Thursday to continue debating a just-unveiled plan to expand casino-style gambling to truck stops, online portals, airports and 10 new mini-casino sites...

[someuwin] 26/10/2017 16:06

You can always buy if you put a limit order in at a higher price. But the lack of immediate quote implies they are short of stock so the share price is likely to move up.

[john2017] 26/10/2017 16:04

How did those buys of 100K go through earlier! Unless they were worked buy orders from early in the day

[someuwin] 26/10/2017 16:01

No online buy quote.

[srpactive] 26/10/2017 15:24

TEB

Yes quite right, I have plenty of them.

They are linked with Borgata I believe as is gvc, interesting, dyor.

[rivaldo] 26/10/2017 15:23

No fewer than four US states - including Pennsylvania - are looking to legalise online gambling this year:



"Four States Are Making A Late Push To Legalize Online Gambling
Steve Ruddock, October 23, 2017 12:38 PDT

State legislatures making last-ditch attempts to pass online gambling bills is becoming a yearly tradition.

Last year, Pennsylvania and Michigan kept us on the edges of our seats right through Christmas, and this year iGaming legislation is making a late push in no less than four states.

In addition to Pennsylvania and Michigan, you can add Illinois and New Hampshire to this year’s watch list.

Here’s where each state stands going into the last full week of October.

etc"

[john2017] 26/10/2017 15:16

Any realistic targets?

[trentendboy] 26/10/2017 15:13

hxxps://www.onlinepokerreport.com/27081/pa-online-gambling-bill-passes-senate/


It will be sorted this week by the looks of it - new casinos for GAN to work with plus the ones in place already.

Remember the key is getting casino players to try the online versions of the same games at some - revenues could be large (and shared).

I also suspect that GAN will be taken over pretty quickly from someone like PTEC to get hold of the licenses and deals that GAN has already got it place before them become too expensive

[someuwin] 26/10/2017 14:59

If I'm reading it right, the bill will be voted on in the house within the next hour or so?

[trentendboy] 26/10/2017 13:33

spractive - this is not for widows or orphans - high risk, very high reward but different league of riskiness to GVC

All about balancing the portfoilio - got to have a few blue sky companies that have the potential to multi-bag.

When I was buying all my GVC beteen 100 and 200 it never looked like being a global giant :-)

Check the RNS contracts with land casinos and the margins - when she blows, she could really blow given sunk costs already made

[noujay] 26/10/2017 12:59

If this gets through then it should fly up based on the scale of the opportunity. Plus the first positive ebitda recently reported illustrates a decent underlying picture regardless.

[srpactive] 26/10/2017 12:44

With the nickname stick in the mud, I do not give
myself much hope.

[someuwin] 26/10/2017 12:17

...better be quick

[srpactive] 26/10/2017 11:54

Morning all

Not bought here, just nosing.

[leoboy] 26/10/2017 11:48

Pennsylvania could be about to drop :

[noujay] 26/10/2017 11:34

Has this now gone through the house? Still another leg yet as far as I can tell

[trentendboy] 26/10/2017 11:24

Boom.

Senators in Pennsylvania have voted in favour of a bill that will significantly expand the state's gaming industry in order to address its budget shortfall

I bought a very small amount this morning before the rise - kicking myself already for not buying more.

[someuwin] 26/10/2017 10:04

With an increasing number of states legalising cannabis use in order to reap the tax benefits. Surely internet gambling will be rubber stamped too.

[trentendboy] 26/10/2017 09:44

Tempting to buy more GAN on the hope this goes through. Always a punt on regulation - will take a while for people to join the dots on this I suspect

[noujay] 26/10/2017 09:17

Any movement with the legislation will play well here, let's hope it gets done. All the states need the fresh revenue streams so get this one through and there will be more to follow in due course.

[cottoner] 26/10/2017 09:09

Probably jumping the gun , but if the bill does pass , here's what it could mean to GAN.


From GAN's last full-year results:


The State of Pennsylvania appears to be in the process of regulating Internet gaming with a number of legislative bills actively considered in 2016 of which derivative bills have been the subjects of legislative action in 2017 with the latest bill regulating real money Internet gaming being approved by the Pennsylvanian Senate just last week. GAN has been selected as the exclusive platform for both Simulated Gaming™ and regulated real-money Internet gaming by Parx Casino, the leading casino operator in Pennsylvania, and is positioned for substantial growth in regulated real-money gaming should suitable legislation be enacted in 2017.

[mip55] 26/10/2017 07:57

Fat lady hasn't sung yet.....goes before the House today but:PA Senate Passes Gaming Bill With Online Poker, Casino And Daily Fantasy SportsDustin Gouker, October 25, 2017 17:00 PDT

[noujay] 25/10/2017 20:39

Given the spread I would think they clearly are. I can sell (or at least could 24 hours ago) at 23.25 for a block of 50,000 it's reasonable to assume these are buys. I'd hope it's either the US private equity or somebody else starting to take a position as there were some late reported trades yesterday too

[trentendboy] 25/10/2017 20:01

Can never tell for sure unless it was someone on here that traded them

[cottoner] 25/10/2017 18:37

Can anyone tell if those trades @ 24p over the last few days are really buys?