Gan Share Discussion Threads

[shaker44] 08/2/2021 11:39

Usd700m buys a lot of 'general corporate purposes'! Weak cover for an acquisition?

[pob69] 08/2/2021 11:19

Interesting

LAS VEGAS--(BUSINESS WIRE)--Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”) today announced that it has commenced an underwritten public offering of 5,500,000 shares of its common stock. Wynn Resorts intends to grant the underwriters a 30-day option to purchase up to an additional 825,000 shares of common stock. Wynn Resorts expects to use the net proceeds from the offering for general corporate purposes.

[mylands] 07/2/2021 16:59

Just heard that the post year end numbers are being released this Friday. Can’t find anything to confirm this, have others any news about this update?

Correction my info appears to be unsubstantiated. I think an email to the company is in order.

[mets333] 07/2/2021 14:09

Good points! Just was very concerned to see those numbers. Obviously GAN needs these companies to do well. As far as WYNN, I think their strategy is just to go at it like MGM did. Like MGM, they're a huge name in VEGAS and USA Gambling and hospitality industries. Also like MGM they're a bit late to the igaming party. All mgm did was just throw capital at it and bought market share essentially. Startinf about a month ago, MGM runs more ads than any gambling company combined. It resulted in decent market share. WYNN said they plan to do the same in their conference call the other day, hopefully it works out as well as it did for MGM.

And marketing for twinspires.... Wtf?! Brett Farve is your michigan spokesperson???! Idiots. Detroit lions are michigan's team. Not only did brett Farve torture them as a member of the Lions biggest rival, the Packers, for 15 years, then he went and played for the Lions second biggest rival, the vikings, and continued to torment Michigan's Lions for another 3 years. And that's the guy they choose as their michigan spokesperson? Idiots.

[noujay] 07/2/2021 13:43

Keep in mind that the real power of TwinSpires going forward will be the shares wallet with the horse racing database and the enormous cross sell they can potentially achieve with that. Churchill Downs are also pretty conservative and hard to see they will want to get anything like as deep into marketing and bonusing as DK and FD so their route will be far more organic with the existing database. I fancy them taking good share across the medium term as they cross sell but it will be a slow burn.As for Wynn - unsure of their strategy but they are messaging their commitment to igaming and sports as a key pillar so be interesting to see how they develop

[molatovkid] 07/2/2021 13:22

Yes....I guess 'Rome won't be built in a day' for the new market entrants.

GAN seem to think Michigan is going to be a very significant state for them so lets see what happens. Certainly the timing couldn't be better for legalisation....NBA and the NFL play-offs and the biggie - tonight's Superbowl.

I just hope GAN are balls deep in the action.

[mets333] 07/2/2021 13:14

Yes they'll get more market share for sure. But if u live here in usa you will see Draftkings and FanDuel are moving mountains to gain market share it's absurd. Every ad is a FanDuel or DK ad. I think the best bet for Wynn or twin will be in a market like tennessee where there's only 3 or 4 operators and everyone is sick of them. New company comes in offering 500 dollar sign up bonus and people will jump ship in a second. No loyalty in the rmig industry here. So They'll do well in that situation. But right now in michigan, they pretty much ALL offer the same sign up bonus and they ALL launched the same day so naturally people went with the brands that they already gamble on via daily fantasy sports.

[molatovkid] 07/2/2021 11:08

GANs last presentation showed that the Michigan gaming numbers were many times those of the other states in the first days of launch. If that trend has continued, GAN might be pocketing a small fortune.

I can see Wynnbet and Twinspires making serious moves to win clients from the competitors. If they are to succeed there can be no half measures in this respect.

[daveme] 06/2/2021 17:00

I think the exit for everyone, and definitely Dermot's plan, will be a takeover. The only way he and his family shareholders will be able to exit will be via a takeover.

That's the end game for me and hopefully at a significant premium to today's price. I don't foresee GAN still being a publically traded company in 2 years time.

[mylands] 06/2/2021 13:53

Chud10

No exit planned just a target price that I want to reach and then be able to give myself a big, big pat on the back!

As others have said we are only at the very start of the journey with just three out of a possible 50 states regulating over the coming years. There’s A long, long way to go!

GLA

[chud10] 06/2/2021 11:53

Question for nylands...if you reach your target of 50 will you be out? Have you an exit plan?

Mine was always when quite a few states had opened up but now have a substantial profit and it feels there is never a good time to exit as always more to come. Not sure that’s the right policy !

[texas pete1] 06/2/2021 10:54

And shorts have been going up, I am waiting for the latest but 15 of jan release pit it at about 8%, a ramp up form the month before. It meaningless to me as a long term hold but we will see chop

[texas pete1] 06/2/2021 10:50

That's my worry. We know what the results are going to be, as they have said, they are humdrum. It's 2021 it will ramp up. We know this, they said that. Yet people online are going* around saying they will smash. If people have bought in for a smash then it will be turbulent. Although if so I would guess mid twenties at worst. Nothing like the orchestrated fall from before.

[shaker44] 06/2/2021 10:24

Yes results and regulation were on my mental list of possible clouds on the horizon

[mylands] 06/2/2021 10:14

Greatest downside risk for me is that the next set of numbers 'disappoints' the market.

We need Dermot to exceed expectations to push this on up towards my target of $50 in the next 12 months.

[shaker44] 06/2/2021 09:19

I know it's more fun to focus on the upside but gan is now an 8 bagger for me and from a risk viewpoint is too high a proportion of my portfolio. Hence the question. But I am a little more inclined to run profits here than topslice. Just wonder what I may be overlooking. I can live with strengthening £ and early takeover though!

[bskiny1] 06/2/2021 08:52

Shaker for me an early takeover

[chud10] 06/2/2021 08:42

Biggest downside for me at the moment feels like the exchange rate

[shaker44] 06/2/2021 00:52

Gan has had and is having an amazing run, and seems like more to come. Just wonder what you regular holders see now as the greatest downside risks?

[heliweli] 05/2/2021 22:05

GAN gets a mention on Investorplace website, article about GNOG by Chris Markoch 28/1/21. Can't link.

[tomv33] 05/2/2021 21:44

Anyone on simply wall st. Anatlytis show GAN is undervalued by 23%. Should have a fair price of 37.5

[metis20] 05/2/2021 18:41

I spotted that Yahoo article here

[molatovkid] 05/2/2021 18:37

Very good read....crucial GAN demonstrates strong growth.