Gan Share Discussion Threads

[mip55] 04/6/2018 18:24

Senate version, if passed, would be a disaster

[busterdog2] 04/6/2018 17:59

Gathering momentum...

[mip55] 04/6/2018 11:43

Much delayed AGM RNS out.

[molatovkid] 03/6/2018 22:41

SBTech are a private company too from what I can see.

[mirabeau] 03/6/2018 21:07

“For us it’s a case of adding more depth to our sports offering, investing in more personalisation, and improving and refining our bet recommendation engine,” Carter says. The US is more of a pressing concern. With the industry awaiting a Supreme Court verdict on New Jersey’s challenge to the Professional and Amateur Sports Protection Act (PASPA), there has been a preliminary flurry of activity.

Scientific Games has snapped up NYX Gaming Group and the market-leading OpenBet sportsbook platform – and a number of states have begun to prepare legislation.

Strategic focus
SBTech has not been idle, agreeing a strategic partnership with GAN, which will see it launch a sports betting solution for the casino suppliers’ land-based partners, regulation-permitting. This is just the first step in SBTech’s plans for the US, however.

“SBTech’s mission statement is to be the dominant
sportsbook and platform supplier in the industry.
Our immediate focus is on making sure we execute
this strategy”

Carter describes the partnership as “an exciting first deal”, but it is non-exclusive, meaning there is nothing blocking further expansion. And as SBTech looks to make a splash in the US, it is likely to become an attractive target for potential acquirers.

Consolidation is well advanced in the European gaming market, and regulated sports betting is likely to prompt a flurry of M&A activity by US companies looking for expertise and assets in the sector.

Will SBTech see itself snapped up? Carter considers this question carefully: “I am sure if the right strategic opportunities come along, which would add value to SBTech, then the shareholders will definitely consider them. But first and foremost, SBTech’s strategy and our mission statement is to be the dominant sportsbook and platform supplier in the industry, and our immediate focus is on making sure we execute this strategy.”

In his eyes, SBTech is more likely to be an acquirer than to be acquired. The company is enjoying a remarkable purple patch at the moment. If Carter can keep this going, maybe he will also take some credit for the company’s growth.

--

I find this intriguing - GAN and SBtech are now partners so what's the future with these 2 companies? ---

I have bought here because I believe that GAN will get taken out at some point - no idea when though

[ltinvestor] 03/6/2018 20:27

Sports betting starts 1.30pm Tuesday Delaware.The rest will follow .....

[barnetpeter] 03/6/2018 11:03

Next week is the big kick off for states to start announcing. Bought more on Friday at 62p. Cheap ...

[molatovkid] 02/6/2018 12:10

An old story but I think the relationship with SBTech and GAN is going to be key to take advantage of sports betting...

[molatovkid] 02/6/2018 12:03

Mention here....

[molatovkid] 02/6/2018 11:40

It would be insane for the management to sell just as the tide has turned and you hold some serious aces in your hand.

You don't spend years laying the foundations, to sell out for what will likely be a fraction of the potential value.

[largeronald] 02/6/2018 11:17

I should imagine the investors in the original IPO would want considerably more than double the current share price

As would this investor, whose first tranche was in the 143 region, if memory serves...

[molatovkid] 02/6/2018 10:11

Pity we have had no steer from the management as to what their end objectives look like. Even if they got an offer double the current price, would they sell? Or are they going to go all the way and go for a much higher market cap?

[trentendboy] 02/6/2018 09:37

GAN is very cheap still.I suspect they are in talks but signing a few deals would help

[mirabeau] 01/6/2018 22:26

More M & A activity tonite - Kindred (Unibet) to buy Draft-Kings -

[homebrewruss] 01/6/2018 18:37

Not seen it myself yet but apparently big article on us gambling in investors chronicle:

[mirabeau] 01/6/2018 18:29

Friday's Shareholder Meetings

GAN
JPMorgan US Smaller Co Investment Trust (re right issue)

-

[mirabeau] 01/6/2018 18:09

Yes, thank-you for reporting back - the future's looking buoyant and it feels like the start of a very interesting journey

[noujay] 01/6/2018 16:47

Thanks Mylands, see what the next meet brings

[mip55] 01/6/2018 16:39

Thanks for attending mylands!

[mylands] 01/6/2018 16:27

Uneventful AGM with no statement other than the required RNS going to be issued concerning the voting on the agenda items, which were all passed, with I think, zero votes against.

The EGM next week on the fund raising might elicit more news.

My take was that the situation for GAN, with the licences it has already gained, puts it in a very good position following the Supreme Court ruling.

[mirabeau] 01/6/2018 12:35

APNewsBreak: DraftKings, Resorts Casino Join on Sports Bets

By The Associated Press

June 1, 2018

ATLANTIC CITY, N.J. — One of the nation's largest daily fantasy sports companies is teaming up with an Atlantic City casino in the latest deal seeking to capitalize on the emerging legal sports betting market.

DraftKings and Resorts Casino tell The Associated Press that they will sign a deal Friday morning to offer sports betting in New Jersey.

The pairing highlights the scramble among gambling, bookmaking and technology companies to position themselves to gain a large share of the nascent sports betting market now that the U.S. Supreme Court has cleared the way for it.

The high court earlier this month allowed individual states to legalize sports betting, striking down a law that had limited it to only four states.

"Everybody knows there's a big opportunity out there," said Jason Robins, CEO of DraftKings. "It's a new thing, so people are trying to see how they want to go about it, who they want to partner with. Anytime you've got a big market about to be created, there's so much opportunity out there that everyone should benefit, as long as you do it the right way."

Morris Bailey, the owner of Resorts, welcomed the new revenue stream and called DraftKings "a dynamic brand."

"The market is huge," he said. "It's how much of that market we'll be able to get."

Bailey also strongly opposes the so-called "integrity fee" payments that the professional sports leagues are seeking to help them police betting on the games. The leagues all opposed sports betting and fought New Jersey in the court case that the state eventually won.

"It's totally inappropriate," Bailey said. "It's the height of hypocrisy to take the position they did."

DraftKings plans web-based and mobile operations, and will offer numerous in-game betting opportunities in addition to more traditional bets on the outcome of games.

Robins said his company is best positioned to succeed in the new market and is "ready to go" as soon as it gets the green light from New Jersey regulators. A bill to regulate sports betting could be approved in early June.

"We have a well-known brand that's very closely identified with winning money on sports," he said.

The deal follows one last week in which European bookmaker Paddy Power Betfair merged with U.S. daily fantasy sports provider FanDuel. Other betting and technology firms paired up months in advance of the Supreme Court ruling, correctly anticipating a favorable outcome.

Churchill Downs, the race track that runs the Kentucky Derby, reached deals with a tech company for its platform and the Golden Nugget casino in Atlantic City for its license in New Jersey. It bought Presque Isle Downs & Casino in Pennsylvania in March and owns two casinos in Mississippi, with plans to offer sports betting in all three states.

London-based bookmaker William Hill had threatened to use its stock to derail a buyout between two online gambling infrastructure firms in Las Vegas. But it later agreed to support the purchase of NYX Gaming by Scientific Games. William Hill this week announced it is pairing with Atlantic City's Ocean Resort Casino to offer sports betting at the property formerly known as Revel.

-

[noujay] 01/6/2018 12:32

About halfway down Mylands titled Patent. Company indicated in Feb that they would update the market later this year so at this stage they should have a good sense of how it's shaping up GAN PLC Trading Statement & Notice of ResultsSource: UK Regulatory (RNS & others)TIDMGANRNS Number : 6892CGAN PLC23 January 2018LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAMETrading Statement & Notice of ResultsLondon & Dublin | January 23, 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, provides an update on trading for the year ended December 31, 2017.GAN performed in line with market expectations during the second half of 2017 in both its real money Regulated Gaming and Simulated Gaming activities due to the launch of several new clients, including the launch of the Overseas Internet Casino(2) . During the period, the Company benefited from strict cost management and generated positive clean EBITDA(1) for the full year 2017. Furthermore, the outlook for 2018 remains positive due to continued growth in real money Regulated Gaming and Simulated Gaming.Regulated GamingIn Italy, growth in Net Revenue experienced during H1 has continued into H2 where the Company has benefitted from the seasonally strong Q4 period.In New Jersey, GAN's business continues to enjoy favourable market conditions and performed strongly in 2017. In H2 2017, GAN signed a multi-year agreement with AC Ocean Walk LLC which will be GAN's second client for real money Regulated Gaming in New Jersey. AC Ocean Walk LLC is the newly-announced owner-operator of Ocean Resort Casino for the launch of a real money Regulated Gaming online experience offering Internet casino gaming together with Internet sports betting integrated with the on-property rewards program in reliance on GAN's Patent(3) . This new Internet gaming destination is currently expected to launch in H1 2018 and will contribute materially to GAN's revenue and earnings in H2 2018. Ocean Resort Casino in Atlantic City New Jersey is the substantial casino property formerly known as TEN/Revel Casino.In Europe, the identity of GAN's client for the Overseas Internet Casino(2) can now be confirmed as the major Native American US casino operator Chickasaw Nation. The Overseas Internet Casino launched for the Chickasaw Nation was delivered in H2 2017 and is now available in regulated European markets at www.WinStar.com.In Pennsylvania, regulation of real money Internet gaming occurred on October 30, 2017. GAN has served Simulated Gaming to Pennsylvania's market-leading land-based US casino Parx Casino with GAN's GameSTACK(TM) enterprise gaming software platform installed on-property at Parx Casino since 2015 and is currently preparing to deliver real money Regulated Gaming upon commencement of the Pennsylvanian Internet gaming market anticipated later in 2018.Simulated Gaming(TM)GAN's US-facing Simulated Gaming business continued to benefit from the launch of several new US casino operator clients in 2017 including Ocean Resort Casino (formerly TEN/Revel Casino), Chickasaw Nation's WinStar World Casino, MGM's The Borgata, Oneida Nation's TurningStone and Station Casinos.As on December 31, 2017 GAN operated Simulated Gaming for 12 major US casinos coast-to-coast (December 31, 2016: 8) together representing in excess of $8bn in annual land-based gaming revenues as well as for a consortium of land-based gaming venues in Queensland, Australia identified as 'Club8Casino'.Regulatory ProgressOn October 30, 2017 the State of Pennsylvania regulated Internet gaming becoming the fourth US State to regulate Internet gaming and the first new State to regulate Internet gaming since 2013. Additional US States are now considering the regulation of Internet gaming including Illinois, New York and Michigan.With respect to online sports betting in the US, GAN welcomes any potential repeal of the Professional and Amateur Sports Protection Act 1992 ("PASPA") by the US Supreme Court and has taken preparatory steps to deliver a managed sports betting solution to its US clients via GAN's GameSTACK(TM) enterprise gaming software platform in partnership with a leading European B2B sports betting system and services provider SBTECH (as announced previously by the Company on January 15, 2018).PatentThe US Patent(3) comprises multiple claims principally for linking on-property rewards accounts held within casino management systems to patrons' online accounts held within an Internet gaming system and delivering a converged online-to-onproperty experience for US casino patrons. This Patent has now been licensed more than a dozen times by GAN to major US casino operators for the conduct of both real money Regulated Gaming and Simulated Gaming in the United States.The Patent was subjected to an ex parte re-examination process which successfully concluded in 2017 in favour of GAN with the issuance of a certificate by the United States Patent and Trademark Office ("USPTO") confirming the validity of GAN's claims within the Patent.GAN has now placed a selected number of US casino operators on notice of GAN's Patent and associated intellectual property and anticipates concluding commercial licensing arrangements which shall contribute to GAN's revenue and earnings in 2018.Notice of ResultsThe Company will release its results for the year ended December 31, 2017 on March 29, 2018.Management CommentaryDermot Smurfit, CEO of GAN commented on the 2017 period:"The Company generated positive clean EBITDA(1) in H1 2017 following a substantial multi-year period of investment focused on the US land-based casino Industry. This favourable EBITDA trend has continued throughout H2 and we have delivered on the market's expectations to generate positive EBITDA for the full calendar year 2017."(1) Clean EBITDA is a non GAAP Company specific measure and excludes interest, tax, depreciation, amortisation, share based payment expenses and other items which the directors consider to be non-recurring and one time in nature.(2) Overseas Internet Casino to be delivered by GAN to an anonymous US casino operator and existing client of Simulated Gaming was previously announced by GAN plc on September 12, 2016.(3) Network Gaming System and Casino Management System Link, patent number 8,821,296 ("the Patent"), issued to GAN by the United States Patent and Trademark Office ("USPTO") on September 2, 2014.FAQ's about US regulation & GAN's real money online Regulated Gaming-- In the event PASPA is overturned by SCOTUS in H1 2018 the US market opportunity for retail, online and mobile sports betting deployed on-property and online is expected to exceed $6bn by 2023 (source: Eilers & Krejcik Gaming, LLC November 2017).-- 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 (

[mylands] 01/6/2018 12:21

Noujay

Can you give me a link to the patent licensing issue.