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
  -3.50p -4.76% 70.00p 277,706 16:35:10
Bid Price Offer Price High Price Low Price Open Price
69.00p 70.00p 76.00p 68.50p 74.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 9.12 -4.22 -4.96 59.5

GAN (GAN) Latest News (1)

More GAN News
GAN Takeover Rumours

GAN (GAN) Share Charts

1 Year GAN Chart

1 Year GAN Chart

1 Month GAN Chart

1 Month GAN Chart

Intraday GAN Chart

Intraday GAN Chart

GAN (GAN) Discussions and Chat

GAN Forums and Chat

Date Time Title Posts
17/7/201810:52GAMEACCOUNT NETWORK : gaming software/content developer1,428

Add a New Thread

GAN (GAN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all GAN trades in real-time

GAN (GAN) Top Chat Posts

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 73.50p.
GAN has a 4 week average price of 51p and a 12 week average price of 29.50p.
The 1 year high share price is 79.50p while the 1 year low share price is currently 16.50p.
There are currently 85,051,924 shares in issue and the average daily traded volume is 171,530 shares. The market capitalisation of GAN is £59,536,346.80.
igoe104: Good spot rimau1, it just makes you wonder how big GAN share price will be if more than 10 states open up over the next few years. I wouldn't surprised if GAN software isn't involved in every state that comes live. $$$$$$$$$$$$$$$$
rivaldo: Hi Noujay, the 18th April note from Liberum is the last one I've seen too. I suspect an H1 trading or KPI update - which was 5th July last year - may bring with it new notes from both Liberum and Davy. It's surprising they haven't issued new commentary since the PASPA repeal news, though it must be difficult to compile revised forecasts given the uncertainties on when all the new revenues will come through, how much etc. It'll be interesting to see what they believe an upside scenario might mean for the share price :o))
mip55: Looks like the Senate got its way:A provision in New Jersey sports betting bills in both the Senate and Assembly appears to restrict team owners from offering wagers on all sports - not just their own. This could snare operators like Golden Nugget, where owner Tilman Fertitta also owns the Houston Rockets of the NBA.Fertitta already addresses the situation at the Golden Nugget in Nevada by declining to take wagers on the Rockets. Applying the proposed New Jersey rules to the situation, Golden Nugget apparently would not be able to offer any sports wagering.We can but hope he accepts the 12 month divestment route but news that the assembly has acquiesced to the senates version may explain the share price wobble?
martinthebrave: Graham Neary highlighting #GAN today. This will only help to lift the share price I bought more today at 60p & 69.5p. GAN (LON:GAN) •Share price: 70.5p (+7%) •No. of shares: 70 million •Market cap: £49 million Equity Subscription I'm not familiar with this company but it struck me as an interesting piece of news after the recent bombshell announcement by the US Supreme Court, which means that US states are now free to make their own rules on sports betting. Apparently, the black market in US sports betting is about 10x larger than the legal market, and much of this could be about to go legal. Shares in the tiddler Webis Holding (LON:WEB) have been powering higher, and so have shares in GAN (LON:GAN). GAN ("Gameaccountnetwork") is a provider of technologies, platforms and games to online casinos. Demand for GAN shares is so high, that the company has been able to raise £7.5 million at 50p, even with today's share price at 70p. GAN will be debt-free as a result, and: The Company plans to use the net proceeds of the Subscription to substantially increase GAN's software engineering resources to better serve existing major US clients' services such as the Overseas Internet Casino, launch new US clients and new services in the US in anticipation of Internet sports betting following the US Supreme Court's decision to lift the Federal Ban on sports betting delivered on May 14, 2018. The company has been unprofitable in recent years but perhaps it is going to turn the corner soon, with so much new opportunity? Worth investigating.
rivaldo: Excellent news this morning. OK, the placing price isn't ideal, but this was obviously necessary and probably in the works for a while for as soon as PASPA was repealed, which explains the discount. The oversubscription should help support the share price nicely, though given the prospects I don't think such support is necessary. One good point about GAN is that there is extremely regular news flow on new contracts and deals, which should keep the pot bubbling nicely.
gersemi: longshanks Good call fella. I like people who understand the dynamic of the market - people like that are invaluable on BB threads such as this - that insight is to be welcomed and embraced I have learned one thing. When you find that golden opportunity, that golden stock (in the right place, at the right time) - take a large position, hold onto it and embrace and don't fear the price volatility that such a stock will expose you too - A falling share price of a great stock is a welcome opportunity not a reason for sombre emotion
noujay: If they need cash it's presumably to keep pace with the considerable opportunity and that, along with the higher share price, ought to stand it in decent stead regardless.It seems to me that given the land-based nature of the GAN's customers, and that they represent the sole distribution point for offering a sportsbook in the US, then this is very well positioned indeed. Add to that the turn to positive ebitda last year and the encouraging start to this year in terms of resigning Paddy Power and taking on new customers, what odds a takeout amidst the impending stampede to establish US positions?
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:// "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 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 as the leading independent Internet casino in New Jersey. We look forward to continued shared success." Kip Levin, CEO of Betfair US commented: " 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".
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.
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:// "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"
GAN share price data is direct from the London Stock Exchange
add chat code
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20180717 19:06:10