Gan Share Discussion Threads

[trentendboy] 01/11/2017 08:19

online slots tax rate is the killer here - I suspect that will be reduced though but may stop many taking up licenses which may kill the goose

[mylands] 01/11/2017 07:17

Bookbroker

The timing of the release of an RNS is up to the exchange. GAN may have lodged the details during trading hours but the exchange only released it after the market closed. Let’s hope it has a positive effect on the share price this morning.

[bookbroker] 31/10/2017 20:28

Will this move the stock tomorrow, that is the Q., kind of surprised they did not release during trading hours!

[noujay] 31/10/2017 19:15

Glad to see they are pushing the pr on this as well. Following on from a round of presentations a couple of weeks back this is all setting up nicely.Reading through the results and the detailing of the scale of the opportunity here this is a very exciting moment for this company and not past due.Usually I think liberum err on the fluffy side but in this instance I see no reason for a £40/50m market cap in fairly short order if they deliver a strong second half performance and get some new contracts in Penn moving quickly, which they almost certainly will.

[someuwin] 31/10/2017 17:58

Late RNS...

RNS Number : 1741V

GAN PLC

31 October 2017

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

GAN Positioned for Strong Revenue Growth Commencing in 2018 as Bill to Legalize Real Money Internet Gaming in Pennsylvania Becomes Law

London & Dublin to the US land-based casino Industry, today announces that HB 271, a bill that includes provisions for the legalisation of full real money Internet gaming in Pennsylvania, was signed into law by the Governor of Pennsylvania yesterday. HB 271 was passed by the Senate in Pennsylvania on October 25, by the House of Representatives on October 26 and signed into law by Governor Tom Wolf on October 30.

Pennsylvania is the second largest casino market in the United States and becomes the fourth State where Americans will be permitted to undertake Internet gaming. 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:

"The signing into law yesterday of House Bill 271 provides full certainty that real money Internet gaming is coming to Pennsylvania in 2018. Governor Tom Wolf elected to sign this major gaming expansion bill in order to start the clock ticking as soon as possible. GAN is positioned for strong revenue growth in 2018 both prior to and following the commencement of the new Pennsylvanian Internet gaming market in H1 2018 as the first land-based casino operators 'ready to go' are likely permitted to move online first. GAN is very well prepared for Pennsylvania to regulate. We have a full Internet gaming system already deployed inside a leading Pennsylvania casino, hold a full gaming license in New Jersey as well as being a registered authorized gaming services provider in Pennsylvania since 2014."


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). 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.

· 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 HTMLPIPESYMBOL 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] 31/10/2017 13:21

Not sure about the comparison companies though - PTEC ffs - hardly small cap although it does show that PTEC is massively undervalued (this is why I continue to put money in there)_

[noujay] 31/10/2017 11:48

Many thanks for posting these. Certainly the target price of 64p looks realistic. I am surprised there is not more a little bit more buying pressure.If we get news of a contract then this will surely re-rate.

[someuwin] 31/10/2017 10:56

This slide says it all.

Should be over double the price compared with peers.

Which ties in with Liberum Capital's target of 64p

[noujay] 31/10/2017 10:46

The changing regulatory landscape and attendant publicity in the US will no doubt start to stimulate more interest from investors on that side so it seems a reasonable idea to dual list there from that perspective.

[trentendboy] 31/10/2017 10:31

phowdo, it is true that profits are what shifts share prices but certainly some countries have great appetites for shares of this type and a higher share price can help with later fund raising and any bolt on acquisitions that a GAN may want to make down the line.

The key here is the management which I suspect actually have a good handle on what they are doing and good backing (if money is needed).

[someuwin] 31/10/2017 10:19

Everything's going in GAN's favour now.

I believe we're well past the lows and the share price should be well over £1 at some stage next year.

[phowdo] 31/10/2017 09:46

US dual-listings rarely improve the shareprice on their own - look at Biotechs like SUMM and VRP - it just makes money for the advisors.

If they focus their efforts on getting the company to profitability with some PR the shareprice will naturally follow.

[someuwin] 31/10/2017 09:38

Note that the above posts are from a presentation earlier this year. We now know of course, that Pennsylvania has enacted the regulation, doubling the number of US citizens who can gamble online from 4% to 8% of the total US population.

More states are sure to follow imo as they all need the extra revenue.

[trentendboy] 31/10/2017 09:26

Excellent posts - nice work - and a good summary. Just shows the level of under pricing although they were priced not to survive as they were running out of money.

Good opportunity here still

[someuwin] 31/10/2017 08:04

Bought some more. This is way too cheap.

I'll post up some presentation slides later.

[rivaldo] 31/10/2017 07:49

Cheers someuwin, excellent news. I've also posted that on the XLM thread since it's to their benefit too.

[noujay] 31/10/2017 07:39

That went through Wolf's office swifter and slightly sooner than anticipated, great stuff. Time for GAN to get to work.

[trentendboy] 30/10/2017 20:15

Great news. Boom