Gan Share Discussion Threads

[rivaldo] 27/10/2017 09:10

When GAN originally floated in 2013 (as GAME) it had a £75m m/cap at the 135p placing price.

And that was when it had little recurring income, was heavily lossmaking and was reliant on occasional high-value licence sales.

Now GAN is at almost break-even, has high recurring income and has more potential than ever. And the m/cap is £21m - just over a quarter of where it was before!

Which shows you the potential upside.

[daniel levi bmd] 27/10/2017 09:08

FYI
There's a new kid on the Blockchain...

On-Line PLC. Golden Opportunity Knocks. Potential? Massive! Blockchain Play!

Daniel
x

[noujay] 27/10/2017 09:00

At mcap of c.£20m this could go a lot further yet

[trentendboy] 27/10/2017 08:58

Not often you get buy targets that are twice the current share price

Not too late to jump on I suspect - a pull back is usual in these cases but never that much and sometimes not until it is a lot higher

[someuwin] 27/10/2017 08:53

Liberum Capital today reiterates BUY with 64p target.

[molatovkid] 27/10/2017 08:42

Key points:

* With a population of 12.8 million, the State of Pennsylvania doubles the number of Americans who will be permitted to play Internet casino games. (2017: USA population 325m)

*Pennsylvania is now America's fourth State to regulate Internet gaming and may jumpstart the regulatory cycle for Internet gaming in the US

*GAN is the only fully licensed B2B-only platform vendor in neighbouring New Jersey and one of the very few B2B-only technology vendors with the requisite technical expertise and 'day one' New Jersey experience to credibly serve Pennsylvania's land-based casinos.

* In the neighbouring State of New Jersey (pop. 9m) the Internet gaming market commenced in November 2013 and generated $197m in gross Internet gaming revenues in calendar year 2016 representing 8.2% of the $2.4bn in land-based gross gaming revenues generated by New Jersey's eight (8) casino properties operational in full or in part throughout 2016.

[noujay] 27/10/2017 08:42

Great RNS. This company is in a very interesting position to take advantage of this opportunity. The scale of the opp is certainly not priced in at this stage.I'm surprised 888 hasn't moved on this news too

[molatovkid] 27/10/2017 08:13

Not me, just doubled up.

2018 knocking on the door, the potentially massive US internet gambling market still unbelievably in its infancy and GAN sat in prime position. It is not very often, you get to be in at the start of something so potentially huge...this is my seat at the table.

When they work well, gaming companies are bloody good business.

[someuwin] 27/10/2017 08:04

Peeps slow to realise how big this news is.

[someuwin] 27/10/2017 07:37

"...Regulation of Internet gaming in Pennsylvania signals the possible continuance of the regulatory cycle approving Internet gaming in incremental US States. Michigan and New York are also considering regulation of one or more forms of Internet gaming. GAN has existing US casino operator clients of Simulated Gaming with casino properties located in Michigan and New York."

[trentendboy] 27/10/2017 07:19

That is a very strong RNS.Could even see another 30 percent day and it still not really touch the sidesRemember GAN was priced to fail or to raise fundsNext few days are crucial with signing

[someuwin] 27/10/2017 07:07

27 October 2017

LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAME

GAN Addressable Market Doubles as Pennsylvania Becomes Fourth State to Regulate Internet Gaming in the U.S.

London & Dublin "GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, welcomes yesterday's final approval by the Pennsylvanian House of Representatives of HB 271, a bill that includes provisions for the legalisation of full real money Internet casino gaming in the state. The bill will now be presented to the Governor of Pennsylvania in the next few days to be signed into law.

With a population of 12.8 million, the State of Pennsylvania doubles the number of Americans who will be permitted to play Internet casino games. The Pennsylvanian regulated Internet gaming market is now expected to commence in H1 2018 and GAN is positioned for strong revenue growth from that market commencing in 2018.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Yesterday we witnessed the House and the Senate in Pennsylvania passing real money Internet gaming legislation. Pennsylvania is now America's fourth State to regulate Internet gaming and may jumpstart the regulatory cycle for Internet gaming in the US. GAN is the only fully licensed B2B-only platform vendor in neighbouring New Jersey and one of the very few B2B-only technology vendors with the requisite technical expertise and 'day one' New Jersey experience to credibly serve Pennsylvania's land-based casinos."

Highlights

· GAN anticipates serving diverse land-based casino operators in Pennsylvania with real money Internet gaming technology and supporting services in 2018 and has already deployed the Company's GameSTACK™ real money Internet gaming system on-property with existing client Parx Casino in preparation for iGaming regulation in Pennsylvania.

· With a population of 12.8m the State of Pennsylvania doubles the number of Americans who will be permitted to play Internet casino games in CY2018.

· In the neighbouring State of New Jersey (pop. 9m) the Internet gaming market commenced in November 2013 and generated $197m in gross Internet gaming revenues in calendar year 2016 representing 8.2% of the $2.4bn in land-based gross gaming revenues generated by New Jersey's eight (8) casino properties operational in full or in part throughout 2016.

· Regulation of Internet gaming in Pennsylvania signals the possible continuance of the regulatory cycle approving Internet gaming in incremental US States. Michigan and New York are also considering regulation of one or more forms of Internet gaming. GAN has existing US casino operator clients of Simulated Gaming with casino properties located in Michigan and New York.


FAQ's about US regulation & GAN's real money online Regulated Gaming

· Internet gaming was effectively out-lawed in the United States during October 2006 by the Unlawful Internet Gaming Enforcement Act by prohibiting financial institutions from processing Internet gaming payments.

· In 2013 three (3) US States passed laws to regulate Internet gaming within their borders: Nevada (pop. 2.8m), Delaware (<1m) and New Jersey (8.9m) comprising a total of 12.6m people representing less than 4% of the US population (324m).

· Pennsylvania has a population of 12.8m, which more than doubles the number of Americans, who will be legally permitted to wager real money on Internet casino games following the commencement of Regulated Gaming in the State of Pennsylvania, anticipated in the first half of 2018.

· Real money online Regulated Gaming for GAN comprises wholly-regulated and US-compliant Internet gaming where end user players resident in wholly-legal jurisdictions deposit & wager real money while playing casino games online.

· GAN received its first full US gaming licence in April 2017 awarded by the State of New Jersey.


GAN | Overview

GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN

The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has thirteen (13) casino operators as clients of Simulated Gaming coast-to-coast across the US; two (2) clients of real money Regulated Gaming in New Jersey; and ten (10) clients of real money Regulated Gaming in Europe.

The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN's first privileged gaming license in the United States.

For more information please visit www.GAN.com

[trentendboy] 26/10/2017 23:56

10 percent tomorrow would not be a surprise

[cottoner] 26/10/2017 19:29

GAN was tipped in The Times earlier this year.

Perhaps the pending news in Penn. may be given some prominence by them.

[noujay] 26/10/2017 19:25

Who knows but it's just started trading profitably and now the market looks to be opening up. Real potential here IMO now

[john2017] 26/10/2017 19:12

Seems to o me then liberiums target of 64p or do is possible

[noujay] 26/10/2017 19:08

Make no mistake for a small firm like this it is, subject to final signature which should be forthcoming, huge news for a company operating in this area and in this gambling niche.

[cottoner] 26/10/2017 19:00

Just to reiterate the significance to GAN if the gaming legislation becomes law in Pennsylvania.

From GAN's latest full-year results:

'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.'

[trentendboy] 26/10/2017 17:27

This is thinly traded and moves up and down quickly.

Any serious volumes will send it higher - problem with these small caps is that it is hard to get accurate PEs so of course it is a punt but this could be a multiple based on potential growth

I have been accumulating since IPO but called it wrong on the speed of regulation so not the best investment so far - the key was could they survive long enough without regulation.

It was touch and go hence the bombed out share price Now, things are looking clearer it will need a major re-rating

[noujay] 26/10/2017 16:53

Lots of buys now and proper volume for a firm of its size. Once new of the decision spreads this will go up more I'd say

[john2017] 26/10/2017 16:34

Decision may be in the price now?

[someuwin] 26/10/2017 16:28

RNS tomorrow?

[trentendboy] 26/10/2017 16:24

Only the start. Will take time to spot the winners.Look at the GAN Pen links

[rivaldo] 26/10/2017 16:21

It's approved...



"BUSINESS
Pennsylvania becomes fourth US state to approve online gambling

BY Steven Stradbrooke ON October 26, 2017

At long last, Pennsylvania legislators have approved a sweeping expansion of gaming, including intrastate online gambling.

etc"