Member Info for Alocasia

Michigan igaming revenue was $95m in March, up 43% on Feb, giving an annualised figure of $1.14bn for its first year. Entain and BetMGM came out on top, earning 30% of the revenue share.

In other news, Bally's successfully completed a $670m fund raise to help buy Gamesys. They were initially hoping to raise $600m.

Just three trading days until results and trading update.

Let's see which way the wind is blowing today...

Nice opportunity to promo upcoming games to industry decision makers.

https://sbcnews.co.uk/events/2021/04/21/casinobeats-slots-festival-to-showcase-hottest-new-games-releases-of-spring-2021/

Two more chunky buys of £50k and £42k.

Seem to have a steady production line now with games coming out thick and fast and these collaborations come with a built-in audience, ready to try out the new Slingo version of their favourite game. Looking good in GMR land!

Couple of nice chunky buys just gone through worth £49k.

Dusty, I'm not in RSI so you will know more than me, but seems to have been a few issues with their app which means that have lost ground to Draftking. Apparently RSI did not even have an iphone version of their app when they launched in Illinois and iphone users had to do some kind of workaround using Safari. I don't know if this is the reason for the recent drop in RSI share price, but it may be that our connection to RSI is what has been dragging on the price here too.

Certainly I wouldn't blame a US listing in the RSI drop. They wouldn't have got to $20 in the first place if not for that listing but you still have to perform well.

Not sure to what extent this affects us in the revenue via RSI, but let's not forget GMR also has partnerships with Draftking, Fanduel (Flutter) and BetMGM.

Whatever is going on with RSI, Canaccord are confident enough in GMR to significantly increase their holding just before the results are out so it's clear they are expecting good things here.

GMR seem to know what they're doing and why would they list there if they thought it was a bad move? I think things are just starting to get interesting and looking forward to 27th to hopefully find out more.

I notice that lanista on the other board says GMR joined the OTC market in the US today.

A few days ago I came across a SEC filing made by GMR on 8th April but it was for an old set of accounts so I didn't know what to make of it buy it seems the significance has now been revealed.

https://sec.report/otc/financial-report/277877

I wonder if there will be any mention of this in the results RNS and what effect it will have.

Motley Fool says City Analysts think this is well undervalued.

"I believe Gaming Realms (LSE: GMR) offers some staggering value at current prices as well. City analysts think annual earnings here will climb around 280% in 2021, resulting in a corresponding PEG multiple of just 0.2. Remember that a figure below 1 suggests that a UK share might be undervalued at current prices."

https://gamble-usa.com/betmgm-now-in-google-play-store/

The other thing I noticed was the amount of A trades going through, which you might expect with a big drop. But with no valid reason for the drop that we are aware of, could the price have been deliberately walked down to trigger those stop losses and free up more shares?

There's a lot of strange action going on here lately and it smells of positions being taken. I don't think we'll know for sure where that leaves us until the results are out. All we know is this is the sector to be in right now and there's a lot of muscling in and elbowing out going on in this industry at the moment. The games are afoot!

No idea why the big drop today but others here were reporting they could sell as many shares as they liked but only buy £500 worth, so that's a good thing, right? Maybe we'll find out next week what (or who) the mm's have been gobbling up all these shares for.

Of course there's always the chance the results could disappoint, but does anyone here believe that? The American market is going absolutely berserk (see link below) so it's hard to see how we could fail.

Also I don't think that Canadian fund would have just upped their stake if there's anything odd in the results. I would hope a big stakeholder like them would be a bit more clued up than us about what's going on, so if they are happy to add, I'm happy to hold, even if it drops further. We've seen some huge rises lately, so we can afford to ride out a storm or two and see what the results brings.

Of course we all have a diffferent level of tolerance to risk, so everyone should do what they feel comfortable with. I'm just saying what I'm doing, not advising anyone else.

https://www.paonlinecasino.com/11561/march-record-98m-revenue-pa-casinos/

https://www.playillinois.com/potential-online-casino-games-illinois/

Many of the slots you’ll see at Michigan’s legal mobile casino apps are exactly the same titles enjoyed by players at the state’s commercial and tribal casinos. Popular titles like Wheel of Fortune, Monopoly, and Slingo, function the same as their counterparts in land-based casinos.

https://www.michigansharp.com/slots/

Not that we'd get a say in it, but I'm looking for a much bigger payout if we can hang on for another 2/3 years. Why sell now for a figure we can easily achieve ourselves in the short term?

Zak Mir was even predicting 65p by the end of this month! Bit optimistic in terms of timescale, I think, but he wasn't far out on his last chart calculation and I've no doubt we can get there under our own steam in the short term.

GMR info starts around 2.15 mins in.
https://www.share-talk.com/easter-special-bulletin-board-heroes-saturday-3rd-april-2021/#gs.xjkuho

Okay, that's probably why then. Yes, let's see what tomorrow brings. I've been out this afternoon but it looks like the notification came in after hours today so market not had chance to react yet.

According to major shareholders list, they already held 4% and so looks like topped up to 5.5%. Does that sound about right? Not done the calcs.

Not sure why it shows previous notification n/a, although to be fair I don't recall them ever notifying before.

They announced receipt of provisional licence in Jan and not heard anything more so I assume it went ahead. Maybe was only provisional until Michigan went live. Results are certainly going to make interesting reading to confirm all this.

Apparently the Michigan igaming launch went very well and the gross gambling revenue for the first month was $80mill across the 11 operators
- on a par with Pennsylvania which has an 18 month head start.