Gan Share Discussion Threads

[bskiny1] 12/1/2023 14:34

Anybody have any idea why we are moving in the right direction at last..GLA

[molatovkid] 11/1/2023 21:16

The ex-Coolbet CEO also recently bought 380k GAN shares

[harry the haddock] 11/1/2023 19:47

COYY - if you can get Rivaldo to comment then that might be your best bet.
FWIW, IMHO, the management , ever since the U.S. listing, has had an innate ability to mismanage what should be a rock solid business. You have to seriously wonder whether Dermot has suddenly found himself completely our of his depth.
It's epitomised by the totally incompetent CFO Flores, who departed 2 years too late, but with $700,000 as a reward for her ineptitude.
The business itself has changed - the patent isn't worth a candle, and we've only been saved by buying Coolbet. Gan ,to all intents and purposes, lives or dies by Coolbet and is no longer B to B ,but is really a South American betting company.
That said Coolbet is doing well, and there are just 1 or 2 signs in the last 3 months, that Dermot has started to appoint people who know what they are doing.
I'm sitting on a huge loss and can't afford to sell, so am just hanging on and hoping a corner has been turned

[coyy] 11/1/2023 14:17

On 11th June 2020 I sold GAN at around $19.65 for a profit of just under £22,000 holding just 2,500 shares.

It was an amazing trade over a relatively short period and now at $1.72 I am very tempted to buy back but being a US share I find doing my research that bit harder.

I just wondered what the current thinking is on this Board from those who follow the share closely. It does seem cheap but is it cheap for a reason!!

[festario] 09/1/2023 15:29

A very strong open today.No news that I can see, but maybe there's a bounce to come in this dog?

[napoleon 14th] 02/1/2023 10:29

Very bullish news from Silverback but not one single financial fact.

GAN's share price has been a humungous disaster, nothing less, and GAN need to prove
1. They back their strategy to significant profitability, &
2. They understand that PROFIT is the name of the game,
3. not endless expansion and jam tomorrow.

So far, the smurf has faked, and failed lamentably.

[epicsurf] 28/12/2022 11:52

Mergers with other companies are not always a smooth sailing process, however, Silverback’s first 12-months under the GAN banner has been just that, according to Raph Di Guisto, Founder of Silverback Gaming. 

Following GAN’s acquisition of Silverback in December 2021, Di Guisto stated that the team has “almost quadrupled in size” with its production rate “increasing rapidly”, while citing that the studio has a “long and successful” future as part of the GAN organisation. 

Looking more deeply at the hiring process, something which was a main focus upon the acquisition completion, the studio’s Founder noted that although setting up new processes and getting people to work in different ways was a challenge, it took this task “very seriously”. 

He noted: “We took this challenge very seriously, and now have the foundations to ramp up growth during the coming 12 months. Operating the business under the GAN banner has been game-changing – it’s allowed us to scale at pace and deploy our games with big-name operators in global markets. 

“Silverback has a long and successful future as a part of the GAN organisation.”  

One of the main questions through any integration/acquisition is how will this merger elevate a company to new heights. On this point, Di Guisto pinpointed that having GAN’s “financial firepower” behind them has, over the last 12-months, allowed the firm to produce nine games off its conveyor belt this year. 

Of these nine slots, three have been released via Relax Gaming’s Silver Bullet program, an alliance formed in January of this year, with the remaining six set to debut in the US, Canada and Italy in coming weeks. 

Silverback’s Founder added: “Without being a part of GAN, we would simply not have been able to increase game production to such an extent, nor would we have been able to so easily launch our games in markets such as the US, Canada and Italy.”

Taking a step back to the first few days/weeks of the newly formed merger, Di Guisto reflected that, though the company is “very much on track” with the expectations set out at the time of the deal, the early hiring stages were “a bit difficult”, pointing to the skills and talent shortage in the wider industry. 

He also revealed that the bedding in period took time with the team needing to start working together as “a unit” to deliver “quality games at pace”. 

However, once the team had found its feet, Di Guisto exclaimed “there’s been no stopping them” with Silverback actually “over-delivering” in 2022. 

“We’d conservatively planned to deliver seven games throughout the year, but ultimately managed to produce nine instead,” he stated. 

Reminiscing on the highlights of 2022, the Silverback Founder expressed his joy at finally being able to release games again, following an 18-month hiatus between the release of its third game, The Golden Sail, and fourth title, Golden Calaveras. 

“It felt really good to be back at it, especially considering that every single one of our releases has topped the previous one in terms of performance,” Di Guisto continued. “Our games are getting into more operator lobbies and players are playing for long periods of time. 

“This has been a great metric to highlight this continual performance improvement from one game to the next.

“We also had an amazing team-building experience in June where the entire team got together in the Bulgarian countryside for a few days. I know for a fact everyone really enjoyed it and is looking forward to doing it again next year.”

Casting its gaze into the new year, Silverback confirmed that it will have an “avalanche” of games coming up for release throughout the US, Canada and Italy for GAN’s existing operator network.

He also hinted at future movements, both in jurisdictions and with operators. He concluded: “We’re also exploring other jurisdictions and looking forward to releasing our games with the new operators which GAN is signing up via its Super RGS strategy. 

“We have some very innovative features in terms of mechanics, we’re developing our own progressives and have a number of game series coming up. 

“All in all, we should deliver around 22 games next year, half of which are already in production, so we’re really excited for people to see what we’ve been working on

[remarkomsoc] 23/12/2022 17:13

if I said I woz worried about the body corporate would you hold it against me

[remarkomsoc] 23/12/2022 17:10

it's all gone very Lionel here

very Messi indeed

[busterdog2] 23/12/2022 15:05

The company acquired 303 thousand shares on the open market during the second quarter at an average cost of $3.30 per share.

The share price at the time was indeed around that level.

[harry the haddock] 23/12/2022 14:19

Think it failed miserably daveme. Thank goodness it's not central anymore, given that we've morphed into a south American betting company!

[daveme] 21/12/2022 19:24

bskiny1, I think they only made one purchase and I'm not sure that was through the market. The price they paid seemed to bear no relation to the share price at the time of the announcement. I did wonder whether one of their mates wanted to sell a chunk of shares and that was what was bought! In any event, the share buyback authorisation has now lapsed.

On a different note, however, has anyone found out the outcome of yesterday's patent hearing. Reading the BloombergLaw entry it appears the court has agreed with MGM that GAN has failed to make a case for infringement. GAN has 30 days to appeal but I can't see that working if they failed to make a case in the first place.

[bskiny1] 21/12/2022 15:56

Any body if GAN finished their share buy back....they did buy one lot but is that it...Merry Christmas and GLA

[bskiny1] 17/12/2022 09:13

Harry let's hope this has turned....still we have had a chance to load up compared ti the launch price....Merry Christmas..B

[harry the haddock] 17/12/2022 08:42

Also daveme the new financial director bought a substantial amount of shares a week or 2 ago. Anyone know where Wynnbet ranks in the league of U.S. betting firms?

[tomv33] 16/12/2022 20:51

Good news today. Just need a recovery now

[daveme] 16/12/2022 17:05

Today's announcement with regards WynnBET definitely sounds excellent. The way I read it is that WynnBET will be using GAN Sports (i.e. Coolbet) for all its new sports betting applications going forward, both retail and online. That sounds massive, in particular if the various new GAN Sports powered applications are successful then I see potentially one or more of WynnBET's existing mobile sports applications being transitioned to GAN Sports, i.e. even more revenue for GAN.

The ex-CEO of Coolbet purchased of $500K worth of shares definitely seems well timed. A director purchase in all but name.

[mylands] 16/12/2022 13:51

Now today's annoucement is seriously good news - a partneship with WynnBET

Partnership will support WynnBET’s future sports betting operations throughout the U.S., including Super RGS in relevant iGaming states

[largeronald] 15/12/2022 20:56

Harry - thanks for that. You'd think that might have had a better effect on the share price

[largeronald] 15/12/2022 20:54

5 minutes to go yet...

[mylands] 15/12/2022 19:46

Today is definitely unique in my book when everyone of the stocks I follow is red, bar one, GAN!!

[harry the haddock] 15/12/2022 19:19

this might answer your question lageronald (from out friends across the pond) hxxps://stocktwits.com/jasve61/message/501619574 the ex CEO of Coolbet has just spent c£500,000 on shares in the last few days

[largeronald] 14/12/2022 19:47

Up 14% one day and down 14% the next. This has the feel of chronic manipulation, but to what end...