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I think the market is huge, not just american footballl, horses trotting , baseball, basketball and off course beach vollyballl....
super bowl is only going to have an proper revenue affect on Gan
When we list in USA. Will they offer new shares to current holders to increase the FF . Surely there is not enough FF to list in the big leauge?
for December, and they're excellent except for a monthly blip on Internet Sports Wagering Gross Revenues, down from November, which is fine as these things vary hugely from month to month and the overall trend is firmly upwards as internet gambling is embraced state-wide. and dependent on the timing of sporting events etc
Crazy MM markdown. It wouldn't surprise me to see the share price end up blue :o))
Sorry "Dual" ....although Duel sounds much more fun.
So that will be a duel listing UK AIM & US ?
For the record Irish broker Davy commented briefly yesterday on the new CFO:
Https://www.davy.ie/research/public/article.htm?id=ST2_20633_1.xml.htm
"DAVY VIEW
The appointment of Karen Flores as GAN’s new Chief Financial Officer (CFO) comes at an important time for the group. Not only is it currently recording significant growth as the US online gambling market emerges, it also continues to work towards obtaining its US listing “as soon as reasonably practical”. As such, we note the new CFO appears to bring a wealth of experience from previous relevant roles, many in companies at the intersect of the technology and entertainment industries. Of particular note, Flores served as Senior Vice President of Finance at Maker Studios through a period when revenues rose from $2m to over $200m (ultimately sold to The Walt Disney Company for $675m in 2014)."
but could be buys - sp has moved on
some sells there
£110k Uncrossing trade
Good to see Dermot noting that GAN are "working toward obtaining a U.S. listing as soon as reasonably practical".
The new CFO appears extremely well-qualified and suited to the needs of a US listing.
Onwards and upwards:
https://uk.advfn.com/stock-market/london/gan-GAN/share-news/GAN-PLC-Appoints-CFO-Progresses-on-U-S-Listing/81510795
California sports betting legislature hearing on 8th January (Tomorrow).
Check effect on Webis - up 80% currently.
Bought some shares. :) Sports betting in the USA is gonna get much bigger.
Another fantastic RNS today. 189% increase and $120.8m revenue for Q4. SP over £2. Great start to 2020.
Circling this share. Checking out its balance sheet right now.
Happy new year to all GAN supporters. A jewel in the crown and as Yazz said , the only way is up.......
A rather nice end to the year (and KAPE is lifting off once again too).
Happy New Year to all here - 2020 should be another good one for this share.
Possibly the mother of all unicorns. Merry Christmas to all GAN holders and a healthy and prosperous 2020. We have ourselves one of the best presents here but will not be unwrapping for some time.
I think I've found me a unicorn!
Should be a good Monday!
https://www.legalsportsreport.com/36477/michigan-sports-betting-bill-signed/
mip55
And a useful recap of where legislation is following the Michigan signing:
"Michigan becomes the 20th state in America to legalize sports betting since the US Supreme Court’s May 2018 repeal of the federal ban that had prohibited the gambling activity since 1992.
Operations are up and running in 13 states: Nevada, Delaware, New Jersey, Rhode Island, Pennsylvania, New York, West Virginia, Mississippi, Indiana, Iowa, Arkansas, New Mexico, and Oregon. Sports betting legislation has been signed by governors in New Hampshire, North Carolina, Tennessee, Illinois, Montana, Colorado, the District of Columbia, and now Michigan.
“With Gov. Whitmer’s signature, twenty states plus DC have now legalized sports betting in the United States, capping off a tremendous year of growth,” American Gaming Association President Bill Miller said. “These new markets offer more Americans a safe, legal way to wager on sports while positively impacting communities, like in Michigan, where revenue from sports betting will generate needed resources for public education, first responders, and, importantly, responsible gaming.”
Great to see Michigan finally signed off! It’ll be good to see confirmation that GAN will support FD there in the usual way, possibly as soon as Easter. Tennessee we already know about, with a mid-year launch for sports betting now likely, according to reports. And then maybe one more state to complete GAN’s 2020 quota?
So we can estimate the benefits of each new state that's added, do we know what revenue GAN gets from its partnership with FD? From GAN's accounts for H1 2019, US sportbook revenue (which was just NJ FD I think?) was £0.7m. FD's revenue from NJ taken as Meadowland's revenue was $58m - hence GAN could be earning c1.5% of FD's revenue, allowing for the FX rate? On that basis, GAN NJ FD is looking at c£1.8m for H2 based on reported revenue to date, hence c£2.5m for the full year. Sound reasonable, possibly, as a stab at what each state might earn if NJ-sized? PA is running somewhat behind of course. Based on Valley Forge's revenues I estimate c£0.5m to GAN there for H2. Happy to be challenged on all this!
Month on month gains. Please add another few states..... :-)
Excellent New Jersey numbers in the RNS this morning.
And Michigan is looking good for internet gaming and sports betting as soon as March:
Https://www.governing.com/news/headlines/Michigan-Places-Bet-with-Legalized-Online-Gambling.html
"Michigan Places Bet with Legalized Online Gambling
Four types of gambling, including online sporting bets, could be operating in Michigan by March if Gov. Gretchen Whitmer, as expected, signs a package of bills sent to her Wednesday by the Legislature.
Paul Egan, Detroit Free Press | December 13, 2019
(TNS) — Four types of online gambling, including sports betting, could be operating legally in Michigan by March if Gov. Gretchen Whitmer, as expected, signs a package of bills sent to her Wednesday by the Legislature.
The Senate passed the bills by overwhelming and bipartisan votes early Wednesday afternoon. The House had already passed the bills, but had to concur with changes the Senate made to some of them before sending them on to the governor. That happened with all but one of the bills, which is expected to be sent to the governor early next year, and only deals with a penalty issue, not legalization itself.
How soon Internet gaming and sports betting would actually begin in Michigan would depend on a number of factors, including how long it takes to produce rules related to the legislation, how long licensing takes, and how soon licensed operators have technology in place, officials said.
"My hope is that by March Madness, it will be live," said state Sen. Curtis Hertel, D-East Lansing, referencing the NCAA basketball tournament.
etc"