Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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Everything will be better now. Go Boris......
Seems to be on track "Michigan Sports Betting En Route To Governor’s Desk After Wednesday Passage".
https://www.legalsportsreport.com/36378/michigan-sports-betting-deal/
"Legislation to legalize sports betting, internet gambling, online poker and daily fantasy sports will pass the Michigan state legislature by Wednesday, according to state Sen. Curtis Hertel Jr.
After weeks leading negotiations between industry stakeholders and the administration, Hertel tells Legal Sports Report that an agreement has been reached that will get the signature of Gov. Gretchen Whitmer."
https://www.casino.org/news/michigan-lawmakers-reach-breakthrough-with-gov-whitmer-on-online-gaming-sports-betting-vomichigan-lawmakers-hit-breakthrough-with-gov-on-online-gamingte-expected-tuesday/
" Philip Conneller - December 09, 2019
Michigan Lawmakers Reach Breakthrough with Gov. Whitmer on Online Gaming, Sports Betting, Vote Expected Tuesday
Michigan’s push for legal online gaming and sports betting received a shot in the arm over the weekend with the news that the state’s Democratic governor, Gretchen Whitmer, and its pro-gambling-expansion lawmakers are close to ironing out their differences."
"The bill now goes to the Senate Regulatory Reform Committee Tuesday, where it is hoped it will be approved for a vote later that day on the Senate floor.
If passed and then signed by the governor, Michigan will become the fifth state in the US to legalize online gaming and the 20th to adopt sports betting since the US Supreme Court shot down PASPA, the federal law that prohibited it."
Https://www.gamblinginsider.com/press/8233/habanero-scales-up-with-sisal
"Habanero scales up with SISAL
Friday 29th November 2019 – Premium slots and table games provider Habanero looks to further its impact on the Italian market after agreeing a partnership with SISAL.
The operator, one of the biggest in Italy, has agreed a deal to initially launch 12 of Habanero’s latest slot releases via GAN’s aggregating platform, but will have access to all of its Italian-certified content.
Included in the deal are hugely popular slots Egyptian Dreams, 5 Lucky Lions, Hot Hot Fruits and Wild Trucks, as well as Habanero’s 100th slot Colossal Gems, all of which feature the latest in high-end graphics and sounds.
Arcangelo Lonoce, European Head of Business Development at Habanero, said: “The penetration of SISAL in Italy goes well beyond being one of the most popular and respected operators and agreeing this deal will help us reach even more players than ever before.
“It’s a big leap ahead in Habanero’s expansion in one of our key markets and we look forward to a hugely beneficial partnership.”
Marco Tiso, BU Online Gaming Director at Sisal Enterntainment S.p.a., added: “The goal is always to give players the best slot offering in Italy and Habanero will help us to achieve that. They will be a welcome addition to our rapidly growing portfolio.”"
It was a sudden burst, something must have leaked.
Patience people. It does pay :-)
Now for the positive updates!
Difficult to find a company with more positive updates than GAN has had in recent months. The growth potential in the US is enormous and as I have said many times before, probably one of the best companies on AIM. As is the norm nowadays the sp has been walked down by over 20% in the last three weeks, on very low volumes. Virtually all ordinary trades and very few automated, indicating not many traders here. As other posters have said, expect MM games, possibly to accommodate the bigger players at lower levels. The sp should be nearer to £2 rather than £1 imo and even the Naked Trader has a target price of £1.85. The sp has fallen back to a good entry level, so not bad from that point of view, but don't be duped into selling at these low levels.
New position here. Should get some positive updates soon.
Couple of decent after hours yesterday shown up....
RNS today as well......fancy that!
If it does pop up on their radars, prepare to take some incoming. They will want in at their price not the true price. So be prepared to play their games. GL
This company should be on the radar of the big boys now.
More fantastic news. It doesn't get much better than this but sp down. MMS trying their best to get cheap shares.
RE RNS - "Internet Sports Wagering Gross Revenues(3) (after payouts) for the month of **September** were $14.5 million", .....Typo - should that say **October**..? .....Anyway, it's still a 500% increase in gross revenue from July to (Sept-Oct?) which is incredible.
Excellent - and not far away too:
http://uk.advfn.com/stock-market/london/gan-GAN/share-news/GAN-PLC-GAN-Appoints-B-Riley-FBR-to-lead-U-S-Lis/81161110
"the next few months"
Excellent numbers this morning - and likely further good news to come at regular intervals from all quarters.
Baby unicorn growing here :)
The games to begin to allow lower entry price. Month to month updates so one due soooon
What price potential, in a rapidly expanding market..?
A market cap of 137M for a company that just turned a profit. Way overpriced at these levels...
Some more thoughts on valuation: instead of looking at PE-type ratios, I understand that Mcap/Forward Revenues is a more common valuation methodology for SaaS businesses like GAN. The current ratio (based on 158p, £22m revenue estimated for 2019) is 6.1. From a bit of googling, I see that the median ratios for recent US SaaS sales are between 7.5 and 10, having gone up well in 2019. Of course GAN’s forward revenues for 2020 will be significantly higher, and revenue growth is an important factor in the valuations. So I’d say this further supports the notion that GAN can go a lot higher, albeit I’m sure there are plenty of reasons why the above method and ratio won’t be entirely, or even approximately, appropriate. One final thought - I wonder if the recent trading update RNS was designed deliberately to put more price-sensitive information into the public domain to bolster bids from interested parties? (Remembering that they don’t have access to non-public info under stock exchange rules).
Gambling.com has a good summary report from three days ago on the current state of US Sports betting (I haven't shared the link but it's easy to find). It says that "In the 18 months since states could start taking legal sports bets, 19 states (plus D.C.) have either accepted bets or legalized the ability to do so. Up to a dozen more could follow suit in 2020. .......Since only Virginia and Michigan have seriously considered online casino or poker gaming, sports betting remains the key driver of gaming action nationwide [in 2020]" And when you consider that many of the current 19 haven't yet accepted bets and are still working through the issues, the scope for GAN looks very significant indeed.
Rivaldo, Yes SDI look interesting. I will take a look. And the US football opportunity would be a big +, given the UK's uptake.
Thanks