Gan Share Discussion Threads

[gersemi] 24/5/2018 13:43

FFS mate - the only reason we're talking about a NASDAQ listing is because Smurfit said GAN was looking at the possibility - we;re not speculating about it in the slightest -

I give up - read the article I posted -

[mip55] 24/5/2018 13:36

Look, it might be useful for people to actually look at the NASDAQ listing rules before they get carried away in further speculation :The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.Listing Requirements for All CompaniesEach company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.In addition, the regular bid price at time of listing must be $4.00, and there must be at least three market makers for the stock.However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360.Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.Standard No. 1: EarningsThe company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no single year in the prior three years can have a net loss.Standard No. 2: Capitalization with Cash FlowThe company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.Standard No. 3: Capitalization with RevenueCompanies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.Standard No. 4: Assets with EquityCompanies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.A company has four ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.While I would suggest GAN is exploring a listing I can't see us qualifying soon....but more than happy to be proved wrong!!

[busterdog2] 24/5/2018 12:13

Any thoughts on a time scale when they talk about listing on the Nasdaq in the medium term? 4-6 months maybe?

[lukic] 24/5/2018 11:59

Just bought another 5200. Very excited about GAN's prospects. Now to watch and wait ?. GLA

[molatovkid] 24/5/2018 11:52

This is the most excitement I've had in months with GAN...

[gersemi] 24/5/2018 10:57

It's not people on these boards mate but came straight from the mouth of the CEO of GAN. We're just the messengers

[mip55] 24/5/2018 10:54

Never mind investing I just need a pound every time someone suggests on these Bulletin Boards that a company was going to list on NASDAQ !

[gersemi] 24/5/2018 10:42

'Paddy Power Betfair (PPB.L) was a top gainer, rising 3.1 percent after the gambling company sealed the merger of its U.S. business with fantasy sports company FanDuel, in a move to target the U.S. sports betting market that is set to open up.

“This places PPB in a strong position to participate in the deregulation of sports betting in the U.S.,” said Stifel analysts.

Goldman Sachs analysts valued the total market opportunity from U.S. liberalisation of sports betting at $36.5 billion to $60.8 billion in revenues, basing their estimates on growth trends in the more developed British and Australian markets.'....

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GAN's gonna benefit from this surely? Exciting stuff -

[molatovkid] 24/5/2018 10:39

We know since last year that GAN have been working on the business financing; the recent fundraising (so soon after the Supreme Court decision was no coincidence), tidying it up, repaying debt down. It's clean and with financing concerns out of the way - there could be no better time to go to the US market.

[noujay] 24/5/2018 10:14

If this thing gets a nasdaq listing it will absolutely blow up.Nice to see a rebound from yesterday and some buying pressure.

[trentendboy] 24/5/2018 09:49

A NAS listing would really fire the share price that is for sure.

Americans like to gamble including on the stock market

[molatovkid] 24/5/2018 08:33

GAN GOES NASDAQ !!!!

(hopefully.....)

[gersemi] 24/5/2018 08:29

''Other states remain at Betfair’s option, but there would be a sensible presumption that the successful GAN/Betfair partnership will roll over state lines.”

This is the real clincher for GAN now Paddy's merged with FanDuel - Smurfit's almost flagging more deals and significant expansion across state borders

I am surprised at the lack of interest - maybe we think we can see things that others can't or maybe we're seeing things that don't really exist !

Interesting price spike - RNS logged in the system?

[molatovkid] 24/5/2018 08:28

This is going to be good business for the MM's.....drive it up to 70, drive it down to 60p....RINSE and repeat

RINSE being the operative word

[mylands] 24/5/2018 08:24

Once again it's PEEL and WINS on the bid. Delayed buy trades to be posted in the next hour?

[molatovkid] 24/5/2018 08:24

Damn dose weak holders got CLEAANNNEEEDDDD OUTTTTTTT yesterday !!!!!!!!!

[molatovkid] 23/5/2018 20:42

Interesting reading

[molatovkid] 23/5/2018 20:36

Sheds a little light perhaps on the GAN & PaddyPower deal....but seems to cover more casino games

[gersemi] 23/5/2018 18:28

'The Dublin-based company will have operational control of the business, which will become a fully consolidated subsidiary. The deal is expected to close in the third quarter of the year, it said.

“This combination creates the industry’s largest online business in the U.S., with a large sports-focused customer base and an extensive nationwide footprint,” Paddy Power Betfair Chief Executive Peter Jackson said in a statement.'

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I am sure GAN's involved - how will GAN benefit from this?

[gersemi] 23/5/2018 18:26

PPB-Betfair's merging with FanDuel in the US - just announced

let's get the party started :



Paddy Power Betfair has agreed to combine its US operations with fantasy sports business FanDuel.

The deal will see the company merge its US business - which trades as Betfair US - with FanDuel, while also providing $158m in cash to pay down existing FanDuel debt and fund the combined business.

Paddy Power Betfair will own 61% of the combined business, with an option to grow that to 80% in three years and 100% in five years.

FanDuel focuses on the fantasy sports market, which sees customers build their own teams based on players in a real league. They can then compete against others, earning points based on the real-world performance of their selected players.

According to Paddy Power Betfair, FanDuel has a 40% market share of the US daily fantasy sports market, boasting 7 million registered customers across the country.

European betting firms are looking at the potential for growth in the US market after a US Supreme Court ruling struck down a 1992 federal law that widely prohibited sports betting.

[gersemi] 23/5/2018 18:22

Trying to analyse and make sense of reported trades is almost a Sisyphean task. Just when you think you've cracked it.....It is a pointless exercise fella.

I've gone from being up £5k or thereabouts to being down £1200 since yesterday - that's volatility for you!

Profit-taking is the order of the day it seems which is absolutely normal when a stock's risen from 27p to 75p in a few weeks....

I am sure in the next 6 months we'll see fundamental company progress

In Smurfit & Odey we trust

[noujay] 23/5/2018 18:10

Seem to be consistent larger trades reported after hours. They represent c.50% of today's volume.No idea what if anything can be read into it, bar it's very difficult to get a handle on the actual supply/demand

[noujay] 23/5/2018 13:49

Very odd moment here - buy price via HL 64.94, sell price is 65.So took a few more!

[molatovkid] 23/5/2018 10:57

Ask yourself why this is?

'increases in software engineering resources will also take place substantially in GAN's existing offices in Sofia, Bulgaria where GAN has operated an engineering facility since 2016.'

Increased demand and usage....dats why.

I could see GAN's appointment diary filling up and a blizzard of new deals coming our way.