Gan Share Discussion Threads

[longshanks] 14/5/2018 17:36

Only ink in the ointment is that they may well be trying to raise cash.This news can only help to get away any cash raising at a modest dilution.I hold GAN and WEB. WEB has responded in a much more leveraged manner given it only had a market cap of £3m this morning!

[mylands] 14/5/2018 17:25

A very modest rise this afternoon considering how well placed this is to take advantage of today's Supreme Court decision.

I jumped in and topped up with 25k at 37.3p. This surely will go well north of 50p in a very short time. AIMHO.

[noujay] 14/5/2018 16:00

Finally we are at the races

[someuwin] 14/5/2018 15:51

Hard to get any stock online. But worth chasing, ahead of RNS tomorrow.

[someuwin] 14/5/2018 15:39

This will pay off massively now...

GAN announces SBTECH as a Strategic Partner for US Sports Betting

London & Dublin | January 15, 2018: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces a strategic relationship with SBTECH to serve real money sports betting to GAN's diverse US casino operator clients ("Clients"). Integrated with GAN's GameSTACK(TM) enterprise software platform, SBTECH's sports betting solution is anticipated to be delivered to selected Clients' end users engaging via both the Internet and retail channels. GAN's Clients together represent more than seventy casino properties located coast-to-coast generating in excess of $8bn in land-based casino gaming revenues annually.

This strategic partnership positions both GAN and SBTECH in the event the Supreme Court of the United States ("SCOTUS") overturns or otherwise modifies the current Federal US prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 ("PASPA").

SBTECH is a leading European B2B provider of sports wagering technology and related managed services including sports trading, odds compilation and risk management...

[noujay] 14/5/2018 15:37

38p could look very cheap here very quickly. This company is under the radar of most and it's one of the best US centric opportunities on the U.K. market.Surely a dual US listing shortly as previously mentioned by management.

[noujay] 14/5/2018 15:33

This should re-rate very nicely they signed a partnership with SB which they were accelerating the development of in anticipation of this

[rivaldo] 14/5/2018 15:30

This is surely going to rise fast now - and it was undervalued in the first place!

[someuwin] 14/5/2018 15:21

Wow - fantastic news!!

[phowdo] 14/5/2018 15:18

"The U.S. Supreme Court struck down the federal law that bars gambling on individual sporting events in most of the country in a ruling likely to unleash a race among the states to attract billions of dollars in legal wagers, Bloomberg News reports.

Ruling in a New Jersey case, the court said the 1992 law unconstitutionally forced states to maintain laws that outlaw gambling. Nevada is the only state where single-game wagering is now legal.

Developing...
"

[noujay] 14/5/2018 15:13

Paspa repeal - good for GAN market not worked it out yet by the looks of it

[rivaldo] 11/5/2018 08:11

Interesting stuff here on PASPA - this racetrack operator in NJ is "nearly certain" that it will be repealed, but notes that even if the repeal fails, he "could push for the “nuclear option” of simply repealing all sports betting regulations in New Jersey if the Supreme Court case didn’t go their way":



“The leagues and the Justice Department have said all along you can do a total repeal and we can’t stop you,” Drazin said. “So that would be my next move, if we lost the case.”

The next potential date for a SCOTUS opinion on the case to be released is May 14, although the decision could also come as late as June 25."

[noujay] 10/5/2018 16:00

Few buys coming in just dribbling it up. Get the decision the brokers estimate won't be far off

[someuwin] 10/5/2018 10:28

The US Supreme Court may well deliver its ruling on the all important, Professional and Amateur Sports Protection Act (PASPA) this monday coming...

Dates With Destiny

The Supreme Court typically releases opinions on Mondays, when the justices are in session, but not hearing arguments. The next non-argument session will be April 2, followed by April 30, May 14, May 21, and May 29. Four Mondays in June are also non-argument days, before the court adjourns at the end of that month.

The End Is Near…Maybe

Those who attended the Supreme Court PASPA hearing in December mostly opined that the majority of justices favored the plaintiff’s argument that states should be left to determine their own sports betting laws, and not have the federal government forbid some states, while allowing others to offer sports wagering.

[bookbroker] 10/5/2018 10:16

On the move again!

[mylands] 09/5/2018 08:48

This is moving in the right direction. A steady flow of positive news and the BIG news will be if PAPSA is overturned by the Supreme Court. Not that long to wait now.

[cumnor] 03/5/2018 22:16

Given news flow and progress that may not be an issue, esp with more news to come. Kind of company that could spring a surprise or three, or make a great bolt on for one of the big betting or social media company that wants a foot in a growing market. Possibly at a higher price. You take your choice.

[longshanks] 03/5/2018 21:14

They raised £2m in April 2017 through a CLN, so based on the year end cash, it would appear they are burning through approximately £200k per month.I would hazard that a fund raise must be on the way as they will simply not have enough working capital by the end of this year.

[trentendboy] 03/5/2018 19:06

I agree. Can often come before fund raising but I think they are ok on cash at the moment

[noujay] 03/5/2018 16:31

I wonder if there is a concerted effort to raise profile/sp prior to either a money raise for faster growth, or a dual listing. Feels like an awful lot of news in a short time!

[phowdo] 03/5/2018 12:06

Does seem like the pieces are all slotting together now.

[trentendboy] 03/5/2018 12:03

I agree that this is all preliminary groundwork that could really have a big effect if regulations go in the right directionTempting to get more...

[noujay] 03/5/2018 12:00

They certainly are pretty busy it seems, and all of it contributes to the bottom line

[rivaldo] 03/5/2018 11:41

Yep, yet more good news. I particularly like the commentary at the end - it shows GAN have a good relationship with the Gaming Control Board, and are finding innovative ways to grow the "social gaming" customer base.