Gan Share Discussion Threads

[cottoner] 20/11/2018 07:40

They have almost reached the Y17 total for Gross Operator Revenue in the first 3 quarters of Y18.


Year 17 total = (17.1 + 18.2 + 19.1 + 20.5) = $74.9M

Year 18 + ( 23.8 + 24 + 26.7) = $74.5M

[noujay] 20/11/2018 07:22

All moving beautifully and when they plug in Penn those figures are going to shoot up.This should be the start of a few updates between now and end of the year.

[ny boy] 20/11/2018 07:11

Impressive update!

Not long before we are in triple digits!!

[noujay] 17/11/2018 17:59

GAN are now entrenched with PPBF and there has been commentary to suggest that their agreement for Betfair Casino could roll into other states.Whichever way you look at it there is going to be a lot of action in this sector and once a broader investor base start to understand what GAN so and ergo the potential I think this one will fly.Obviously they have to deliver their end but one must reasonably assume that they are capable.

[cottoner] 17/11/2018 16:07

Few observations:

IMO

1. Obvious from comments from Paddy Power and Fanduel that the initial few months sports betting in New Jersey have exceeded their already high expectations.

2. All the evidence points to the online market being the most lucrative.

3. The previous two points both bode very well for GAN.

4. Until GAN release an update on NJ progress, an update on progress on Parx Casino in Penn or new contract news , GAN will remain under the radar with little or no share price advancement.

[noujay] 15/11/2018 20:37

The interesting aspects of this relating to GAN revenues are the Ocean Resorts internet gaming (almost doubled from September to $595k) and the Fanduel online sportsbook which is integrated with GAN (slightly down revenue-wise from September's $2.8m to $2.4m). Assuming GAN take 3% of this (Liberum assertion) then its c. $90k for the month. This figure is small but will grow substantially over the next few months. There are also further fees.PPBF reported 40% growth in Betfair Casino last week. That's good for GAN too since it's stated as the largest earner for them at this stage.Parx come online next and GAN has a piece of all online streams as well as retail sports book.As remarksoc might say.."exciting"!

[cottoner] 15/11/2018 20:19

Further in depth figures:


A spokesperson for FanDuel Sportsboook said: “Demand for the FanDuel Sportsbook continues to outpace our expectations with online handle 2.5 times higher than September and continued double digit growth in retail handle. It was an exciting month for bettors who won at a high rate on football and benefitted from our industry-leading pricing and odds boosts.”
'

[cottoner] 15/11/2018 20:03

Initial New Jersey Sports betting figures for October.

Handle up over 40% to $260M (Sept $184M).

Online handle up over 65% to S174M (Sept $104.9M)

'According to NJ sports betting figures released Thursday by the NJ Division of Gaming Enforcement, retail and mobile sportsbooks took in more than $260 million in wagers in October. Online handle totaled $174 million.'

[noujay] 14/11/2018 17:10

Might be very soon. Took two more batches today at 55p then the price popped up a bit. Expecting positive numbers tomorrow re NJ sports betting plus we have Kambi also integrating and going forward with Parx this month so plenty of near term action ahead.The more integration of the GAN platform only strengthens the patent as well.GLA

[mad foetus] 14/11/2018 16:18

Next swing up?

[noujay] 14/11/2018 14:36

More numbers tomorrow and we will see if the growth in NJ keeps uo

[cottoner] 13/11/2018 18:42

Parx Casino sportsbook getting closer.


'The Parx Casino on-property sportsbook is on track to launch before the end of the year, with the online sportsbook to go live following the integration of the Kambi platform into the Parx player account management system, which is supplied by the operator's technology partner, GAN.'

[rivaldo] 13/11/2018 10:28

Great article covering all sides of the investment opportunity in US newly legalised gambling.

The only negative is as an American article the writer is presumably unaware of GAN. But that will soon change. Look at this small extract:



"The Legalization Trend That Has Nothing to Do With Weed

The Supreme Court’s recent decision allowing all states to offer sports gambling opened up a bevy of investment opportunities. Some institutional investors have already jumped in.
By Dan Weil
November 12, 2018"

"Companies that can run casinos’ sportsbooks also stand to gain, analysts say. They cite several European companies that do so, including William Hill Plc of London, Paddy Power Betfair of Dublin, and Ladbrokes of London, a unit of GVC Holdings Plc. Those have a good opportunity to enter the U.S. sports market, analysts say. Already, in July, GVC announced a $200 million joint venture with MGM Resorts to expand sports betting throughout the U.S.

The companies that make the technology infrastructure for gaming platforms — small, privately held companies that specialize in sports data management — also will thrive, says Bill Squadron, a visiting professor of sports management at Elon University. He cites VSiN, The Action Network, and Genius Sports, where he’s special counsel.

Many investors view data analytics as a valuable asset, says Irwin Raij, sports industry group co-chair at law firm O’Melveny & Myers. “That’s why a lot of people are jumping in,” he says."

[wakey_29] 13/11/2018 10:06

Hi guys, anyone know when we can expect October's NJ numbers? Seem a bit delayed and could do with this being giving a little push.

[rivaldo] 08/11/2018 14:41

Good summary of where Parx Casinos are heading (with mentions for GAN):



Conclusion:

"While Parx initially waffled at the prospect of offering online sports betting in Pennsylavnia, it seems as though they have embraced the new gaming expansion and are set up to be a major player in both realms. Parx is on pace to be the first to market, which gives them a leg up on the competition. Being the most profitable casino in Pennsylvania, having a large existing customer base and partnering with some of the biggest names in sports betting positions Parx to be one of the market leaders in what could be one of the largest sports betting markets in the US."

[cottoner] 04/11/2018 21:00

Speculation will soon start about the New Jersey betting turnover and revenue figures for October. Figures released on the 12th of the month for the previous 2 months.

Previous months:

August : turnover of $95m and revenue of $9m.

September: turnover of $184m and revenue of $24m

Expect further increases in October's figures.



However PPB have already stated via last week's TU that:

FanDuel sportsbook at the Meadowlands in New Jersey (launched on 14 July) generated over $1.5m of stakes per day in October, making it one of the biggest sports betting outlets in the world.

This performance reflects the property's prominent location (we estimate that approximately 30% of bets are coming from New York residents), customer proposition and the strength of the FanDuel brand.

That said, we continue to believe that the key US market opportunity lies online. This is evident in New Jersey where, in October, our online stakes were 40% higher than our retail operation.

Note:

In September,The FanDuel Sportsbook at the New Meadowlands produced gross revenue of $4,377,474, up from revenues of $3,061,514 in August. The Meadowlands produced another $2,852,548 in revenue via its online operation.

Thus in September, revenue from retail at Meadowlands was over 50% higher than from its online operation.

Assuming the revenue return from retail and online betting are pretty similar, there should be a large increase in Fanduels revenue via its online operation in September seeing that the online stakes were 40% higher than retail.

In short , it looks very likely that the betting turnover and revenue figures for Fanduel in September will be good news for GAN.

[noujay] 03/11/2018 10:58

Slowly but surely it must be making its way onto more radars.From MGM conference call following results yesterday reference sports betting:Murren also pointed out another eye-popping fact: the Borgata in Atlantic City is already doing about as much business as MGM Resorts' luxury casinos in Las Vegas. He also says their casinos in Mississippi–Beau Rivage in Biloxi and Gold Strike in Tunica–are doing equally as well.

[busterdog2] 03/11/2018 08:37

Gan gets a small mention here

[trentendboy] 02/11/2018 14:40

Bought a lot earlier this week - overweight now but story still too good and still off radarMy one share that could double with ease on results upgradingStill cheap

[mad foetus] 02/11/2018 14:37

Looking good