Gan Share Discussion Threads

[mip55] 19/2/2021 08:03

Consider the scramble to attract clients in the Michigan launch ....It was a different story on the revenue front, as Barstool reported a net take of $1.7m, about half its gross revenue. BetMGM won the gross revenue race with $5.1m but generous freebies resulted in a net loss of $53k. FanDuel reported the biggest net loss ($5.7m) for the period, as it chose (for the moment) market share over its bottom line. and then look at one of the winners here whose income is based on a percentage of gross revenue.

[texas pete1] 18/2/2021 17:35

Yep... and if it follows through with the same pattern....

[rainbow unicorn] 18/2/2021 17:29

Anyone seeing familiar pattern to that of the period up to last earnings ?

Dermot popping up in press pumping galore, and a Riley uplift in target share price ??

[popper joe] 18/2/2021 14:32

B. Riley raises price target to $35



Behind a paywall, but headline tells you.

[texas pete1] 18/2/2021 14:24

tumultuous day ahead.

[mylands] 18/2/2021 13:37

What does mean something is the way Sterling is moving against a very weak dollar. Down another cent today and rapidly approaching $1.40/£, that's a fall of 12% since GAN floated on NASDAQ.

[mip55] 18/2/2021 13:25

It means nothing. It means nothing. It means nothing. GAN to 30.56 in pre marketIt means nothing. It means nothing. It means nothing. Lol

[rivaldo] 18/2/2021 11:18

Cheers mip55, good news:



"This website was created specifically for the Canadian market and offers 100% free of charge, Sports Competitions and Casino Games.

etc"

[mip55] 18/2/2021 07:55

In a highly anticipated move, Canada's parliament on Wednesday approved wagering on individual sporting events, paving the way for eventual introduction in provinces and territories.https://www.casino.org/news/canada-is-embracing-single-gaming-sports-betting-coup-for-thescore/Potentially good news for Coolbet / GAN

[molatovkid] 17/2/2021 23:05

I think I read that those figures do not include the Superbowl.

[daveme] 17/2/2021 21:59

For GAN, the more important figures relate to igaming. The total net revenue figures for each relevant operator are:

FanDuel: $5.97M (3/9)
WynnBet: $0.65M (6/9)
TwinSpires: $0.05M (9/9) [!!]

[Note, this is NOT the revenue figures for GAN. GAN get a percentage of these figures].

[mip55] 17/2/2021 21:05

https://www.michigan.gov/mgcb/0,4620,7-351-79131_79259-552185--,00.html

[molatovkid] 17/2/2021 20:15

From Roundhill on Twitter. Michigan Online Sports Betting Generated $115.2 Million In Bets In First 10 DaysJan 22nd - Jan 31st Sports Betting Handle By Operator:• FanDuel ($32.6M)• DraftKings ($28.2M)• Barstool ($27.5M)• BetMGM ($22.8M)

[mylands] 17/2/2021 19:36

Pennsylvania has just released their January figures, with the headline:

Record Month for Pennsylvania's Internet-Type Casino Gaming.

The Board is also reporting that revenue from Internet Casino Type Gaming of more than $80.4 million was the highest amount to date eclipsing the previous high set in December 2020 by 11% when revenue was $71,609,260.

[mip55] 17/2/2021 19:08

https://www.nj.gov/oag/ge/docs/Financials/PressRelease2021/January2021.pdf

[mip55] 17/2/2021 19:08

Based upon filings with the Division of Gaming Enforcement, Total Gaming Revenue for January was $346.4 million compared to $300.7 million in January 2020, reflecting a 15.2% increase. Internet Gaming Win was $103.8 million in January compared to $55.1 million in the prior period, reflecting an increase of 88.4%. Sports Wagering Gross Revenue was $82.6 million for the month. Casino Win for January was $160.0 million, decreasing 16.7% from the same month last year. During January, the casinos operated with certain restrictions due to COVID-19.

[tomv33] 17/2/2021 16:55

Not hit as bad as us

[mip55] 17/2/2021 16:25

To be fair whole sector is down today, DKNG,GNOG,RSI

[mylands] 17/2/2021 16:20

Definite buying opportunity IMO. Typical tree-shake.

Only one of the 13 stocks on my NASDAQ watchlist is blue. In a fast moving market like this, it is very easy to get your fingers burned.

[tomv33] 17/2/2021 15:41

Hell of a drop just for announcement of results ... people expecting it to be bad?

[mip55] 17/2/2021 15:22

Had a bit of a wince seeing 28 again

[mylands] 17/2/2021 14:39

NASDAQ is a sea of red. Batten down the hatches.

[shaker44] 17/2/2021 13:40

That's late?

[tomv33] 17/2/2021 13:27

March 25th! Good luck!

[mip55] 17/2/2021 13:16

https://www.businesswire.com/news/home/20210217005182/en/GAN-Schedules-2020-Fourth-Quarter-and-Full-Year-Financial-Results-Conference-Call-for-March-25-2021