Gan Share Discussion Threads

[mets333] 14/1/2021 14:46

Genius move by the inside selling the day before announcing a new customer lol. Obviously there's more to it.im sure he knew they were announcing today.

[mets333] 14/1/2021 14:45

WYNNBET is the app and the name brand Coolbet would be the software.

[molatovkid] 14/1/2021 14:38

Wynn have Wynnbet from what I've read

[mets333] 14/1/2021 14:33

Seems obvious WYNN wanted coolbets.makes ya wonder why they didn't buy it themselves.

[mip55] 14/1/2021 14:31

Not long to wait to find out. There is a 90-day period between the final approval of legislative regulations and the actual launch of the first sports bet. That day will happen on January 15, 2021.

[noujay] 14/1/2021 14:13

It also means that, assuming it is Wynn, they would have effectively displaced Scientific Games as the chosen platform provider given they went with SG for NJ and PA bit then GAN for MI and now, possibly, Virginia.

[rivaldo] 14/1/2021 14:12

Great news mylands, cheers. I also like the sound of this:

"we have seen significant interest from both current and prospective clients in our newly acquired sportsbook engine and associated managed trading services".

[molatovkid] 14/1/2021 13:45

So what this means is a client has seen Coolbet and likes what they see, enough to go with it....important.

[mylands] 14/1/2021 13:23

I like the fact that so soon after completing the Coolbet acquisition we are getting corporate action.

It's announcements like these that we need to propel the share price upwards into new territory.

[mip55] 14/1/2021 13:13

Well spotted mylands

[noujay] 14/1/2021 13:09

Guessing Wynn?

[mylands] 14/1/2021 13:06

Just announced:

GAN Announces First Sportsbook Engine Customer
14/01/2021 1:00pm
Business Wire

GAN (NASDAQ:GAN)
Intraday Stock Chart


Thursday 14 January 2021
Click Here for more GAN Charts.

Existing customer signs first Letter of Intent for full sports betting engine deal subject to regulatory approvals and operator client licensure

GAN Limited (the “Company”; or “GAN”) (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money Internet gaming and online sports betting industries, today announced that it has signed its first Letter of Intent (“LOI”) with an existing client to provide its new ‘Coolbet’; sportsbook engine, which is currently being technically integrated for U.S. deployment by GAN, for operational rollout in the Commonwealth of Virginia as an internet-only mobile-first sports betting experience, subject to regulatory approvals and operator client licensure. The LOI is non-binding and contingent on the client being awarded an Internet sports betting license in the Commonwealth of Virginia, as well as other factors.

Jeff Berman, Chief Commercial Officer of GAN, commented:

“Since we announced our acquisition of Coolbet in November, we have seen significant interest from both current and prospective clients in our newly acquired sportsbook engine and associated managed trading services. Principle integration of this new offering into our industry-leading B2B technology platform is now underway and expected to be operationally deployed here in the U.S. with the expected launch of online sports wagering in the Commonwealth of Virginia. We are excited to further expand our relationship with this current partner, which has applied for an Internet sports betting license in the Commonwealth of Virginia, citing GAN as their nominated platform provider. This agreement further validates our strategic decision to expand our platform capabilities through the acquisition of Coolbet. We look forward to the exciting opportunities we expect to see in 2021 as we bring our augmented platform solution into the U.S. market that now includes one of the best sports betting technologies and end user customer experience operating in the world today.”

[molatovkid] 14/1/2021 07:35

Michigan coming soon (hopefully)...

[mip55] 13/1/2021 20:23

Internet Gaming Win was $99.5 million in December compared to $49.3 million in the prior period, reflecting an increase of 101.6%https://www.nj.gov/oag/ge/docs/Financials/PressRel2020/December2020.pdf

[molatovkid] 13/1/2021 19:12

Immense numbers

[noujay] 13/1/2021 19:01

More record handle for NJ to fuel the narrative - $996m wagered December 2020!

[daveme] 13/1/2021 17:29

I'm hoping the turnover will increase with the rebranding to Twin Spires - perhaps one of the reasons for the rebranding in the first place, i.e. start with a clean sheet.

With regards the switching of the original sports books, I am also disappointed how long it has taken but it may have been held up by the discussions on how they want to do things going forward, i.e. resulting in deciding to rebrand.

We can only hope that the new Twin Spires approach is more successful than the old BetAmerica approach!

[mets333] 13/1/2021 17:05

They STILL haven't switched those books over to GAN yet? Jeez it's been like a year wtf. Also as far as turnover, that could change with twinspires rebrand.

[noujay] 13/1/2021 16:09

And almost as if it was intended this just floated across the screen!https://www.hoosierstatebets.com/indiana-online-casino-legislation-filed-for-debate/

[daveme] 13/1/2021 15:56

Note BetAmerica have a number of active sportsbooks, although none of them have anything to do with GAN, they are all legacy books set up before GAN won the contract to provide platform and igaming services with Churchill Downs. In any event, the turnover on each site is atrocious. Churchill Downs plan to migrate each of its existing BetAmerica sites to GAN over the next 6 months.

With regards to Indiana, GAN did use to provide platform services for Fanduel in Indiana but following the change last August, I believe it no longer does so.

Hence, my understanding is, GAN have no fingers in the Indiana pie.

[mets333] 13/1/2021 15:31

Oh wow great stuff!! I didn't know we had a presence in the hoosier state! Thanks for the info.

[mip55] 13/1/2021 15:00

Indiana results were included for interest at both how U.S. sports wagering is increasing month on month and the progress being made to develop internet casino legislation in the state....which GAN will most certainly have an interest in.

[mip55] 13/1/2021 14:55

BetAmerica sportsbooks are currently available in New Jersey, Pennsylvania, Indiana, and Mississippi.

[mets333] 13/1/2021 14:38

I could be wrong tho I'm no noujay lol