Gan Share Discussion Threads

[thefartingcommie] 10/8/2018 16:37

Incomer? Is this a private board?

..of course it isn't..as well you know...

....incomer....as in newly arrived;).....or am I mistaken that your first erudite contribution to this board was on August 8th,when you so kindly advised us to 'be careful';0...too kind

I do find it rather strange that your tone on the subject of Gan's future prospects is so seemingly authoritive,and whilst you cry that you 'only deal in facts'...you have yet to produce any!;)...do please correct me if I'm wrong.

As far as I can see,you have turned up here,out of the ether as it were...with nothing previous to contribute...and proceeded to produce one rather ill-considered statement of dubious veracity one after another, ....or merely your somewhat slanted opinion..or are you just trying to be provocative for the sake of it..(which is rather childish..dont you think?).

In response to your typically tart comment..'Or do you not want debate, just an echo chamber of nicy nicy chit chat with no dissent?'...

..if you have something of value to contribute,rather than your own rather ill thought out conjecture....lets hear it.

[brownie69] 10/8/2018 16:00

Incomer? Is this a private board?

Or do you not want debate, just an echo chamber of nicy nicy chit chat with no dissent?

Yes I hold GVC. No secret there.

[thefartingcommie] 10/8/2018 10:28

seems patently obvious that this incomer has his own agenda,which does not need a genius to spell out.

if you take a minute to peruse his previous posts over a period of time,you will see that whilst he has been a long term investor in GVC(bravo)....there is nothing else of any merit at all....other than what can only be described a pure entryism with a purpose to disrupt. The same rather patronising faux authoritive tone is present throughout.....but then that is hardly unique;)

[busterdog2] 10/8/2018 10:17

You obviously know best brownie, perhaps you should be running GAN instead of those gullible fools who have partnered with such a corrupt business as SBT.

Or are you, as I suspect, just talking out of your backside?

[brownie69] 10/8/2018 09:57

Molatovkid. In fact it was Dermotts blind faith in SBT that got me curious.

Its true that SBT have various licenses and operate in various markets. I have not suggested anything to the contrary. However each licensing jurisdiction is different and that especially applies to the US.

Back in the day the Mob used to run Vegas. In a concerted and sucessful attempt to get rid of them high standards of compliance and background checking were introduced and that has become the norm in the US. Also the reason why PASPA existed at all was that Sports betting has been seen as a Mob activity. However GAN are fine. Its my argument that SBT will come a cropper when a lot of stuff that is known about them is either disclosed voluntarily or uncovered by the US regulators.

Its fixable BTW, GAN just need to change their sports tech provider before they get too far in.

[molatovkid] 10/8/2018 08:27

Brownie, SBtech operate in 'over 20 regulated markets', why do you think the US would be any different?



GAN don't seem to see an issue - Smurfitt even says their US licensing suitability is a reason GAN partnered with SBTech,



So, unless you know something no-one else seems to know then I fear you may be a little alarmist.

[molatovkid] 10/8/2018 08:12

SBTech got one in the UK:

[molatovkid] 10/8/2018 08:08

The other point that is worth repeating is that, as evidenced in the recent FanDuel RNS, GAN share in the revenues not the profits.

So my take on this is that as long as plenty of wagers are placed through the GAN systems we start getting a share regardless of whether that turns into a losing or winning bet later.

[brownie69] 10/8/2018 08:06

Perhaps a little understanding of how the US regulatory due diligence might help. Seems like there is a gap in knowledge of how that works. New Jersey is the firat state to regulate sports betting since the repeal of PASPA. They are part of a network of US regulators who use the "multi jurisdictional" method. Its a bit misleading as its not international but its multi state.

Once the application has been filed and if the information has been suuplied appears to be legible and all boxes are completed a "Transactional Waiver" is issued which allows the applicant to trade. The detailed checking then follows. It sounds a bit back to front and it is but its driven by NJ's desire to take the first sports bets post PASPA.

Why is this relevant? Well as far as I know SBTech are GAN's only sports betting technology supplier. ( GAN certainly dont have their own tech or trading capability.) Once the detailed probity checking of SBTech starts I'm fairly certain they will be refused a suppliers license in the US. That could leave GAN up the creek without a paddle.

[brownie69] 10/8/2018 07:49

Bookbroker. You know nothing about me. How long have you been a financial analyst then?

[molatovkid] 09/8/2018 18:35

Brownie also fails to point out that the Smurfitts have plenty of their own skin in the game and have spent many years developing this business.

He also fails to mention that a major part of GANs business revolves around the patent and the direct offering to clients to link up the customer rewards programmes, online gaming and on-land premises. Something few others will be able to offer due to our patent.

It is important to understand that GAN (and now with SBtech) essentially provide the back office systems to allow the gaming and sports betting platforms to operate, in the same way as IBM/Oracle used to provide all the know how that powered mainframes back in the day.

This explains in more detail how the GAN & SBtech deal works in practice:



As far as I know GAN are not operating sports books on their own behalf nor are they acting as a casino or bookmaker.

[molatovkid] 09/8/2018 18:26

In Asia online gaming is illegal in many countries but not all....Macau & The Phillipines are ok. Some aspects of gaming are ok in Japan also.

A breakdown, country by country, is here:

[douglas fir] 09/8/2018 18:23

How interesting.....following on from Brownie69's illuminating comments.

particularly..'Basically GAN management have chosen the most unsuitable partner possible for the US where probity checking will be at the highest levels in the industry.'

..probity....that could be tricky then?

[molatovkid] 09/8/2018 18:18

Just some of the partners of SBtech - I think there will have been plenty of due dilligence done on SBtech before these deals were inked:


SBtech & Golden Nugget



SBtech & Churchill Downs:



SBtech & Sky Bet:



SBtech & Resorts Casino:

[cottoner] 09/8/2018 18:04

Interestingly the schedule for the first Sports Betting Symposium in the US taking place in Las Vegas in October has been announced.

One of the speakers is the CEO of SBTech Richard Carter.

Thursday, 11 October
1:15 p.m. – 2:15 p.m.
U.S. Sports Betting: Lessons Learned from Early Adopters – Speakers include CEO of William Hill U.S. Joe Asher; CEO of SBTech Richard Carter; and Vice President of Mobile, PlaySpot and North America Sports Betting at IGT Charles Cohen. Moderator: AGA’s Senior Director of State Policy Will Green.

[noujay] 09/8/2018 16:08

If the deal with SBTech was the key driver here I'd be worried but it's one aspect and not the main one

[bookbroker] 09/8/2018 14:29

Seems to have just appeared out of nowhere, needs to head back to obscurity!

[noujay] 09/8/2018 14:13

Thanks Book, frankly I agree

[busterdog2] 09/8/2018 13:48

bookbroker - don’t hold back mate, just tell it like it is.

[noujay] 09/8/2018 13:37

Thanks for that info. Interesting to know but not material far as I'm concerned.Looking forward to the next update on Miss

[brownie69] 09/8/2018 13:29

The level of under performance of GAN is of course in the public domain over many years results. An 18 year old company still making losses.