Gan Share Discussion Threads

[john09] 13/12/2021 17:58

John09 Dec '21 - 12:43 - 19293 of 19295
Wonder if $9 will hold lol

——

In short no lol

[largeronald] 13/12/2021 16:31

At this rate of attrition, it's going to be $5 by the end of the year.

[mylands] 13/12/2021 16:02

Big falls Stateside today, especially on NASDAQ. Tesla down 5%, DKNG down 3%, Penn down 3%, MGM down 3% back to $40.

[john09] 13/12/2021 12:43

Wonder if $9 will hold lol

[popper joe] 10/12/2021 10:00

Good article. Thanks.

[mip55] 09/12/2021 15:37

https://ggbmagazine.com/article/the-preacher/

[rivaldo] 09/12/2021 13:38

Excellent - good to see no slacking in the growth plan:



"GAN Announces Acquisition of Silverback Gaming and Exclusive Rights to Distribute Silverback’s Portfolio of Casino Games

Exclusive slot content enhances GAN platform's industry leadership across all U.S. iGaming States for multiple clients
December 09, 2021 07:00 AM Eastern Standard Time

IRVINE, Calif.--(BUSINESS WIRE)--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, online sports betting, and simulated gaming industries, today announced it has completed the acquisition of the Bulgaria and U.K. based online casino game developer Silverback Gaming (“Silverback”) on undisclosed terms. The acquisition provides GAN with the exclusive rights globally to all current and future Silverback online games, which the Company expects will include 50 unique new slot games in the next three years. The acquisition will bolster GAN's SuperRGS offering launched last month in the U.S. with an exclusive portfolio of online casino slot gaming experiences today and over the coming years. Silverback’s existing portfolio of online slot games will launch within GAN’s SuperRGS content suite commencing in 1H 2022. The Silverback acquisition is part of GAN’s content acquisition strategy to increase the Company's overall 'take rate' on existing B2B Gross Operator Revenue derived from iGaming, as well as growing GAN’s share of iGaming revenues from B2C operators in the U.S. who are not already platform clients of GAN.

Silverback possesses proven online slot games such as Aztec Luck™ and Mystery Stacks™, currently distributed across European regulated markets to more than 100 B2C operators of iGaming. Silverback’s mission has been delivering innovative, immersive mobile-first online casino games with differentiated design features, delivering innovative iGaming experiences. Silverback has been recognized globally with award nominations such as the 2021 CasinoBeats Awards in the Studio Slot Debut category as well as earning its place in the 2021 Gaming Intelligence Hot 50. Silverback’s existing portfolio of games are currently playable at www.SilverbackGaming.com.

Dermot Smurfit, President & CEO of GAN, commented:
"We are delighted to bring Silverback’s innovative slot content into GAN’s fast-growing portfolio of online slot games. Silverback has built its reputation in this industry as a leading slot design innovator and we welcome the team’s talent, including slot mathematicians and software engineers, which will be an invaluable long-term asset as we build upon our strategy of expanding our exclusive online slot games for distribution in the U.S. We are very pleased with the progress surrounding our SuperRGS strategy and today’s announcement is the next exciting step in that strategic initiative."

[daveme] 01/12/2021 23:37

GAN normally goes weeks without news but in the last 24 hours it has given us 3 news releases. It would have been better if GAN had spread the news out over a couple of weeks, but hey-ho I expect they didn't have much choice in the matter.

With regards the news, each release is very good news.

1. Last night's news regarding the share buyback, although only 500,000 shares at today's share price, should mop up a few loose shares here and there and improve the EPS of the remaining shares, albeit by only a small amount. By only committing a small amount of its $50M cash pile it will still have plenty of funds for growth.

2. The SuperRGS deal with Churchill Downs in Michigan is, as stated in the RNS, the first of many. Most B2C operators are expected to sign up in all states they operate in. If GAN were to issue an RNS for each operator/state combination then expect a lot of RNSs in the coming weeks! [By the way, I don't think that is how they will do it].

3. The B2C operator in Ontario I suspect is Fanduel. I suspect this is the company eluded to by Dermot when he spoke of being asked to help out a company that didn't have the technical bandwidth to implement its own technology in a new market. This means that the talked about Coolbet partnership in Ontario has still to be announced.

Although GAN has been hammered over the last 2/3 weeks I'm confident its value will eventually be recognised. When the profits start rolling in the market will have to stand up and take notice. Unfortunately GAN is in a sector that is totally out of favour at the moment.

[napoleon 14th] 01/12/2021 22:21

Market doesn't want to know for now.
Another news, Ontario this time :
hxxps://investors.gan.com/websites/gan/English/2110/news-detail.html?airportNewsID=edbcb748-100d-4888-85de-fb0e7758f7aa

"Ontario has a population of more than 13 million people, equivalent to the population of Pennsylvania, which is the fifth largest U.S. state. The Company anticipates being operational upon the opening of the Ontario iGaming market in early 2022".

Just stick to your knitting, Dermot.

[molatovkid] 01/12/2021 17:49

Others may be able to put a better perspective on this than I, but from what I know casino gaming is very good business for GAN as you have very few losing days, unlike sports betting where a run of bad results can hit profits. So further improving that side of the business can't be bad.

Secondly, I think this is the first roll-out of the Ainsworth games and Smurfit has said he expects this to be the first of many to market leaders. I guess that will need to be proven - but a very promising start and sounds like 2022 will be very busy.

Smurfit has drawn the line in the sand now with big promises of $500-$600m future revenues around 2025/2026 so this is a welcome step in the right direction.

[harry the haddock] 01/12/2021 16:42

any thoughts on that news Molotov - perhaps put it into context? Has obviously been overshadowed by the share buyback news

[mip55] 01/12/2021 12:37

Pre market seems to like the news but that is nothing to rely on

[mylands] 01/12/2021 12:09

Here's what Dermot said last night.

Dermot Smurfit, Chief Executive Officer of GAN, commented:

"We continue to believe that the best use of our capital to drive long-term shareholder value is centered around our strategic growth initiatives such as investing in our technology, supporting client launches and building out our Super RGS content portfolio and omnichannel GAN Sports platform. However, we also recognize the value opportunity that has developed in our stock and want to be prepared to act opportunistically during periods when the share price becomes significantly dissociated from our future earnings potential. Today’s announcement provides us with an effective tool to do exactly that, support our stockholders and drive long-term balanced returns.”


The final sentence is a bit late in coming IMO, but better late than never. With the shares at an all-time low on NASDAQ, surely now is the time to buy stock in and support the stockholders.

[mylands] 01/12/2021 10:11

Yes, agree about Coolbet.

The last trading update, for the first time, refered to punter friendly results. This is not a phrase I have connected with GAN, but with Coolbet a significant part of the business, it is one I hope we don't see too often!

[napoleon 14th] 01/12/2021 09:42

Yes, mylands.
Not sure that will change sentiment - a dash of lipstick does not make a pretty girl!

GAN really need to make serious profits & keep growing T/O in a fertile market
to reverse the share price fall. Coolbet been a damp squib so far.

[mylands] 01/12/2021 09:08

nap14th

Agree with that, though what difference this will do to the share price in these dire times, I am not sure. Let's keep our fingers crossed that we have hit the bottom and it's upwards only from here.

[napoleon 14th] 01/12/2021 02:15

Well, it at least shows management are fed up with the hammering of share price
Just like us......
The plan provides for a buyback of up to US$5M,
but wisely commits to nothing specific.

hxxps://investors.gan.com/websites/gan/English/2110/news-detail.html?airportNewsID=54eeedec-c3ad-4980-9b4c-d2f4ffcb7510

[molatovkid] 30/11/2021 22:08

$5m share buyback announced by GAN

Coolbet CEO buys 10k shares.

[john09] 30/11/2021 21:50

Wonder if $9 will hold lol

What’s that in AIM money

Mylands you massive loser

[trentendboy] 30/11/2021 19:06

Really poor performance. Stopped out again. Frustrating share but sector really under pressure

[festario] 30/11/2021 16:37

Gulp, 9 dollars fifty?

[john09] 30/11/2021 02:19

Oooo Dermy lol

[john09] 30/11/2021 02:16

Oooo you can use your reward card online, oooo some Native American land based casino wants to put its slots online 🤣🤜🏼