GAN Share Price (GAN)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
GAN	LSE:GAN	London	Ordinary Share	GB00BGCC6189	ORD 1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	+0.50p	+1.59%	32.00p	56,568	08:16:34
Bid Price		Offer Price	High Price	Low Price	Open Price
31.00p		33.00p	32.00p	31.50p	31.50p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Travel & Leisure	9.1	-4.2	-5.0	-	21.38

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GAN (GAN) Latest News

GAN News

Date	Time	Source	Headline
20/4/2018	17:27	BW	GAN Opens Digital Marketing Agency in Tel Aviv, Israel
20/4/2018	16:37	ALNC	GAN Opens In-House Digital Marketing Agency, Recruits Meir Deutsch
20/4/2018	15:43	ALNCF	Alliance News Flash Headline
20/4/2018	15:39	UKREG	GAN PLC Digital marketing agency & senior exec appointment
18/4/2018	14:30	BW	GAN Extends iGaming Deal with Paddy Power Betfair in New Jersey
18/4/2018	11:52	ALNC	GAN Extends Platform Services Contract With Paddy Power Betfair
18/4/2018	07:00	UKREG	GAN PLC GAN extends iGaming deal with Paddy Power Betfair
17/4/2018	15:20	BW	GAN Announces GOLDBET as Its 9th Client in Italy
17/4/2018	14:48	ALNC	GAN Signs Ninth Multi-Year Gaming Software Deal In Italy With Goldbet
17/4/2018	07:00	UKREG	GAN PLC GAN announces GOLDBET as its 9th client in Italy

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GAN (GAN) Discussions and Chat

GAN Forums and Chat

Date	Time	Title	Posts
23/4/2018	19:06	GAMEACCOUNT NETWORK : gaming software/content developer	633

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GAN (GAN) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
11:12:46	32.76	20,000	6,552.86	O
08:41:50	32.52	1,165	378.86	O
07:49:14	32.52	12,300	3,999.96	O
07:42:17	32.52	5,824	1,893.96	O
07:37:59	31.80	4,279	1,360.72	O

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GAN (GAN) Top Chat Posts

Date	Subject
24/4/2018 09:20	GAN Daily Update: GAN is listed in the Travel & Leisure sector of the London Stock Exchange with ticker GAN. The last closing price for GAN was 31.50p. GAN has a 4 week average price of 26.20p and a 12 week average price of 25.30p. The 1 year high share price is 38.63p while the 1 year low share price is currently 16.50p. There are currently 66,801,924 shares in issue and the average daily traded volume is 100,991 shares. The market capitalisation of GAN is £21,376,615.68. Read Full Thread Reply
18/4/2018 07:31	rivaldo: Good news yesterday and now today too. Today's extension is particularly important as it shows a high degree of confidence in GAN's performance and systems from Paddy Power Betfair. I wonder if the prospect of the renewal of the New Jersey agreement has been holding the share price back? If so we may see some movement here today: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13608385.html "GAN extends iGaming deal with Paddy Power Betfair in New Jersey Multi-year Extension by Key Client of GAN's iGaming Platform Services London & Dublin \| April 18, 2018: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces that key client Paddy Power Betfair Plc has entered into a multi-year extension with GAN for the continued provision of Platform Services in New Jersey's fast-growing Internet gaming market. Paddy Power Betfair Plc and GAN collaborated in 2013 to launch www.BetfairCasino.com reliant on GAN's Internet gaming system and associated services and has since established a significant and profitable Internet casino in New Jersey. Management Commentary Dermot Smurfit, CEO of GAN commented: "We're privileged to renew and extend our agreement with Paddy Power Betfair in the United States, one of the largest Internet sports betting and gaming operators in the world today. Our respective teams have performed well over an extended period in order to establish BetfairCasino.com as the leading independent Internet casino in New Jersey. We look forward to continued shared success." Kip Levin, CEO of Betfair US commented: "BetfairCasino.com offers a unique iGaming product experience for customers in New Jersey. The extension of this agreement is a reflection of GAN's flexible technology system, 'can-do' attitude and their overall commitment". Read Full Thread Follow Reply
07/2/2018 16:31	bookbroker: Think it needs to close a gap from late October, seems odd the share price moves in the few days, small company beneath the radar, big moves for no specific reason, trading statement adequate despite slowing growth in active player days, KPI’s always vague, too much can be read unto them! Read Full Thread Follow Reply
26/1/2018 16:55	bookbroker: I do understand why they do not release these pieces of news collectively instead of dripping them to the market, what is the point, this has a corrosive effect on the share price unless they are blow-out, seems bizarre! Read Full Thread Follow Reply
15/1/2018 09:32	rivaldo: This news is designed to profit from the likely overturning of the prohibition on sports betting this year. "Online gambling" is already legal in the USA in certain states, and Pennsylvania has recently become the latest state to allow this. As the market wakes up to the potential from Pennsylvania - and elsewhere as they deregulate - GAN's share price will hopefully re-rate quite dramatically. Read Full Thread Follow Reply
25/11/2017 11:19	gersemi: Betting on profit turnaround Loss-making online gaming software provider GAN (GAN) is also reaching a point where it could move into profit in the next couple of years. GAN will benefit from the decision by the State of Pennsylvania to make real money online gaming legal. GAN already has a full US gaming licence from New Jersey, and the other states where online gaming is legal are Nevada and Delaware. That accounts for around one-tenth of the US population. Michigan and New York are thought to be considering legalising online gaming. There are two clients of real money gaming in New Jersey and a further 10 in Europe. GAN has signed up 13 US casino operators to its simulated gaming service, which is used by casinos as a promotional tool. GAN says that the GameSTACK real money gaming system is deployed with Parx Casino in readiness for launch in Pennsylvania GAN generates its income from a revenue share with its casino operator customers. There is not just a relatively fixed cost base but, in 2016, that underlying cost base was reduced from £9 million to £8.7 million and there was a further decline in the first half of 2017. GAN is still expected to make a pre-tax loss this year and next year based on forecasts prior to the Pennsylvania announcement. These forecasts could be upgraded if more casinos sign up for online gaming. One thing to be aware of is that GAN is likely to seek a US listing in the next year. That would probably involve a switch from AIM to the new listing rather than retaining a UK quotation. It makes sense for the business to be listed in the US, which is likely to be its principal market and it could generate a bounce for the share price. Read Full Thread Follow Reply
28/9/2017 09:07	rivaldo: Davy Stockbrokers are nicely positive this morning - the core business is doing well enough as it is, but any positive news from Pennsylvania or elsewhere would send the share price into orbit: "GAN EBITDA break-even in H1 with revenue growth likely to accelerate in H2 David Jennings \| Morning briefing \| GAN’s H1 performance was slightly better than expected at the EBITDA line and in line at the net income line. The group continues to grow its sustainable revenue base while maintaining good cost discipline. Further growth in simulated revenues looks likely in H2, while the market will continue to monitor the prospects for real money gaming regulation in Pennsylvania and elsewhere. Given the foundations that the group is putting in place in the US, it would no doubt benefit materially should such regulation be forthcoming. Even in the absence of such change, the simulated offering seems to be building traction." Read Full Thread Follow Reply
31/8/2017 20:04	trentendboy: Share price rising nicely on demand for shares I guess. Really could fly on contract news but tight on cash as always. Too overweight here to get more but sure is tempting alongside 888 and SCH.Decisions decisions Read Full Thread Follow Reply
31/5/2017 08:48	rivaldo: Great to see some press attention here - unusually for such a tiddler, GAN is the main tip in today's Tempus column in the Times: Https://www.thetimes.co.uk/edition/business/gan-s-gambling-software-looks-a-good-bet-5w70r36ql "Gan’s gambling software looks a good bet he US gambling market has historically been a place where few British companies have wished to tread, but one exception ploughing a potentially lucrative furrow is Gan. Full-year results yesterday from the London-based business-to-business supplier of online gaming software showed losses narrowing as revenues rose 30 per cent year-on-year to a little under £8 million. Make no mistake, this Aim-listed business remains a tiddler with a market capitalisation of just £20 million, but analysts at its new broker believe the share price could easily treble as investors get comfortable with its model. Gan’s Gamestack software, developed over 15 years, gives physical casinos an online presence, enabling them to go after a digital customer base previously denied to them. At present the company has signed 13 partnerships with major US casino groups out of a total of more than 900, highlighting the potential for growth. Regulators appear to be opening up the market and as the authorities liberalise, the opportunities for Gan will grow, with the company earning money from providing the software that bricks-and-mortar casinos need to get online, as well as taking as much as a 35 per cent share of net gaming revenues. In the first three months of the year, active player-days on Gan’s software platform went above 2.2 million compared with about 1.7 million in the third quarter of last year, while average revenue per daily active user has risen over the same period from $7 to $7.69. These figures point to 2017 being the break-even year for the company as the $50 million investment in its core software starts to come good. And all of this is without factoring in the biggest cash cow of them all, simulated gaming. Here Gan is providing the software for a fast-growing market that allows real-world customers of casinos to buy virtual chips that they can use to gamble online. US law being what it is, these tokens cannot be redeemed for real money, but are instead used to buy services such as food, drinks, hotel rooms and free slot machine bets, building customer loyalty. This is already a multibillion-dollar business and big growth is expected, with Gan well placed. Four years on from its IPO, it appears the time finally might have come to put a few chips behind Gan and its casino clients. My advice Buy Why The US gambling industry looks to be evolving in favour of its business model" Read Full Thread Follow Reply
03/1/2017 05:34	wexboy: 2016 – The Great Irish Share Valuation Project (Part IV): Company: GAN (GAN:LN) (formerly GameAccount Network (GAME:LN)) Last TGISVP Post: Here Market Cap: GBP 25 M Price: GBP 36p GAN’s share price has collapsed 80% from its all-time high in early-2014 – frankly, I’m surprised it didn’t receive a bigger thrashing!? I’m not sure I’ve ever witnessed a more cynical IPO launch – shareholders obviously didn’t realise they were buying into a company which boasted of its growth trajectory, but in reality sported a P&L where half its revenues & all its profits were actually non-recurring! It’s amazing management has even a shred of credibility left, considering the circumstances of the IPO, the subsequent collapse in revenue & the ongoing incineration of shareholder cash. Even now, management keeps reporting something called Clean EBITDA…which is utterly ridiculous & misleading when you’re burning that much cash! And the P&L isn’t much better, since they capitalise as much spending as possible. Anyway, despite innumerable RNSs re contract wins, the only bright spot in the last few years finally came with the release of their H1-2016 interims. This showed a return to growth, with revenue up +35% yoy (driven by simulated gaming) to £3.9 million. Now one swallow does not a summer make, especially with this management team, but noting the revenue trajectory (& recent sterling weakness), an annualised revenue run-rate of £7.8 million would be very hard to miss. Alas, cash burn hasn’t improved – excluding a (potentially once-off?) tax refund, the company’s still burning £6.5 million pa!? Which means cash on hand of £4.0 million (plus £1.75 million from two recent placings) could disappear within a year, unless we see a radical improvement. So, on the one hand, such a company isn’t worth any more than the proverbial pound…but to an investor familiar with the sector, operating margins of 20-25%+ are entirely possible, given a larger revenue base or takeover by a larger competitor. Let’s just split the difference – in my book, that implies a 1.5 Price/Sales multiple, plus cash/less annual cash burn: (GBP 7.8 M Net Revenue * 1.5 P/S + 4.0 M Cash + 1.8 M Placings – 6.5 Annual Cash Burn) / 70 M Shares = GBP 15.6p GAN is still ridiculously over-valued – and still in a hole so deep, it may take a lot more dilution & share price weakness before we’re through… The one giant saving grace here – which may explain the presence of Dermot Desmond with a 4.6% placeholder stake – is the network of (mostly simulated gaming) relationships that GAN’s building up with local casinos across the US. That’s the real intangible value here…which could be an absolute goldmine in the hands of a larger competitor, and/or if the schizophrenic federal/state laws & attitudes re (online) gambling are more comprehensively reformed/relaxed (although, at best that’s bound to be slow & piecemeal). [Now I say it, what does Trump think about all this..?!] Then again, buying into a cash burning company, led by an untrustworthy management team – simply in the hope of a takeover – is almost inevitably a painful experience… Price Target: GBP 15.6p Upside/(Downside): (57)% For related links/graphs/files & other TGISVP analyses/price targets: Google the Wexboy investment blog. Read Full Thread Follow Reply
26/8/2016 08:55	rivaldo: Found the Irish Times article with the revelation about the "advanced talks"... Http://www.irishtimes.com/business/technology/gan-looks-at-real-money-gaming-with-us-casino-outside-us-1.2767408 "GAN looks at ‘real money’ gaming with US casino outside US Gambling technology provider gets boost from major £1.3bn Desmond investment Thu, Aug 25, 2016, 06:00 GameAccountNetwork (GAN), the gambling technology provider run by Dermot Smurfit jnr, is in “advanced talks” with a major US land casino operator to launch a real-money online gambling site in Europe and Asia. Real-money online gambling is still illegal across most of the US, although GAN works closely with a dozen casinos which it has helped launch simulated gaming products online, often based around casino games such as blackjack. The big US casino operators have, so far, eschewed the opportunity to enter real-money online gambling abroad, in part to keep onside with US regulators ahead of an expected liberalisation of its online gambling laws in coming years. However, Mr Smurfit says soon hopes to announce a deal to bring a major US casino into Europe’s online gambling sector, possibly later this year. He said GAN, which is backed by the Smurfit family and yesterday announced a £1.3 million (€1.5 billion) investment by Dermot Desmond, has held talks with several US land casinos with revenues of more than $1 billion (€883 million). Mr Smurfit declined to discuss the identity of GAN’s prospective partner. Gambling outside US If a deal is concluded, GAN would supply the technology, the games and the licenses to the US operator, which would then slap its own brand on the service and target only countries where online gambling is legal, but not the US. “We can provide access to countries where there are regulated markets covering 29 per cent of the world’s population,” said Mr Smurfit. “This is a big strategic move for us. The market hasn’t yet seen a major US land casino enter online in Europe.” Mr Smurfit was speaking following the announcement that Mr Desmond’s International Investment and Underwriting (IIU) has boosted its holding in the company, buying a further 4.6 per cent. GAN’s share price has struggled since its 2013 flotation, as an expected liberalisation of US online gambling has proceeded slower than expected. To plug the gap, it has signed simulated online gaming deals with about a dozen casinos. Gritted teeth “We have waited through gritted teeth for regulation to happen faster,” said Mr Smurfit. “Everyone who invested in the flotation probably did so with an eye on real-money gaming. As a backstop, we have simulated gaming, but we are currently a different proposition to the one investors originally considered.” Mr Smurfit says he hopes that the “re-engagement” of Mr Desmond with GAN – he has been a small investor since 2004, although he sold some of his stake in 2013 – gets the stock more attention. He met personally with the media-shy billionaire, he says, in recent weeks to try to convince him to invest further in the company. Analysts said the move by Mr Desmond, who is known for holding stakes long-term in listed companies in the leisure sector, may help allay concerns from some investors over cash burn at GAN. GAN had £3.8 million (€4.4 million) in cash at the end of last year. Analysts speculated it may turn cashflow positive next year." Read Full Thread Follow Reply

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