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GAN on the rise ? . (GAN )
VICTIM - 26 Aug 2016 09:44
This little Co is looking better now they are getting more and more deals , latest news is plans to introduce Online Gaming in Europe and Asia . Dermot Desmond has just got onboard , he was Betdaq owner til sold to Ladbrokes . He is a major shareholder in Ladbrokes .
VICTIM - 09 Sep 2016 07:52 - 2 of 53
Just signed up another contract in US .
VICTIM - 12 Sep 2016 07:24 - 3 of 53
Launch of real money regulated gaming in Europe RNS .
VICTIM - 31 May 2017 09:03 - 4 of 53
Liberum has a 64p target and Tempus in the Times says buy .
VICTIM - 27 Oct 2017 07:09 - 5 of 53
Good news last night Pennsylvania just past legal internet gambling in it's state , others expected to follow , GAN in good position to take advantage , see RNS . Bought more yesterday .
VICTIM - 01 Nov 2017 07:46 - 6 of 53
GAN positioned for strong revenue growth in 2018 after a Bill to legalise real money internet gaming in Pennsylvania became signed into law .RNS .
Bullshare
- 20 Nov 2017 09:40
- 7 of 53
Come to the Shares and AJ Bell evening event on 29 November 2017 in London and find out more about Avation, GAN , Metminco, and Touchstone Exploration plus more companies to be announced.
If you are looking for new investment opportunities there is no better starting point than coming along to our Shares Spotlight evening event on 29 November 2017. You will have the chance to meet the directors of four fast growing companies and find out about their plans for the rest of 2017 and what is in store for 2018.
During the event and afterwards over drinks, investors will have the chance to listen to presentations from each of the companies and talk directly to the company directors about their plans and vision for their businesses.
Attend the event on 29 November and you will be entered into a prize draw to win a
Fortnum & Mason Hamper worth £100 which will be presented on the night.
Avation (AVAP) - Avation PLC is a specialist commercial passenger aircraft leasing company managing a fleet of aircraft which it leases to airlines across the world. Our customers include Virgin Australia, Thomas Cook, Condor, Air France, Air Berlin, Vietjet Air, Fiji Airways and UNI Air. Avation also has a subsidiary that supplies aircraft parts and spares to a range of operators, internationally.
GAN (GAN) - GAN is a leading developer and supplier of online gaming content and enterprise-level business to business gaming software systems as well as a provider of supporting operational services. GAN has developed the GameSTACK™ Internet Gaming System (or “IGS”) which we license to online and land-based gaming operators as a turnkey technology solution for both regulated real-money and Simulated Gaming™ online. The GameSTACK™ IGS, developed in London under a UKGC license, is certified to the highest technical standards currently required by gaming regulators.
Metminco (MNC) - Metminco is an exploration and mining company. MNC has a portfolio of gold and copper exploration projects located in Colombia, Peru and Chile. Projects include potential near-term production assets on which feasibility study work has commenced as well as advanced exploration and early stage exploration. Metminco’s primary focus is the Quinchia Gold Portfolio, which is located in Colombia’s Middle Cauca Belt, and has a NI 43-101 estimated Mineral Resource of 2.8 million ounces of gold and contains a number of gold deposits. The Portfolio was acquired at a very attractive valuation and Metminco is now advancing a feasibility study on the Miraflores Gold Project to be completed during Q3 2017.In Chile, the Company has three projects, the most advanced of which are the Mollacas (copper leach) and Vallecillo (polymetallic) projects, both of which have mineral resources that have been reported in accordance with the JORC. The remaining project, Loica is a large, early stage, copper-molybdenum porphyry project.
Touchstone Exploration (TXP) - Touchstone Exploration Inc. is a UK listed but Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders. In Trinidad, the Company’s interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad. Touchstone holds over 8,700 working interest acres of onshore producing properties that have known crude oil reserves as well as over 55,000 exploration and undeveloped working interest acres that are being evaluated.
Places at this event are very limited, so register now for your free ticket.
The evening is a perfect opportunity for existing shareholders or potential investors to hear from those that matter, the directors running the companies and fund managers managing their fund. Who better to explain the future potential and strategy.
Wednesday 29 November 2017
Venue:Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR
Event Timings:| 18.00 | Registration and coffee | |
| 18.30 | Presentations • Richard Wolanski, Finance Director - Avation (AVAP) • Dermot Smurfit, CEO - GAN (GAN) • William Howe, Managing Director - Metminco (MNC) • Paul Baay, CEO - Touchstone Exploration | |
| 20.30 | Drinks reception and canapés | |
| 21.30 | Close |
Avation (AVAP)
 | Avation PLC is a specialist commercial passenger aircraft leasing company managing a fleet of aircraft which it leases to airlines across the world. Our customers include Virgin Australia, Thomas Cook, Condor, Air France, Air Berlin, Vietjet Air, Fiji Airways and UNI Air. Avation also has a subsidiary that supplies aircraft parts and spares to a range of operators, internationally.
|
GAN (GAN)
 | GAN is a leading developer and supplier of online gaming content and enterprise-level business to business gaming software systems as well as a provider of supporting operational services. GAN has developed the GameSTACK™ Internet Gaming System (or “IGS”) which we license to online and land-based gaming operators as a turnkey technology solution for both regulated real-money and Simulated Gaming™ online. The GameSTACK™ IGS, developed in London under a UKGC license, is certified to the highest technical standards currently required by gaming regulators. |
Metminco (MNC)
 | Metminco (MNC), is an ASX and London AIM listed exploration and mining company. MNC has a portfolio of gold and copper exploration projects located in Colombia, Peru and Chile. Projects include potential near-term production assets on which feasibility study work has commenced as well as advanced exploration and early stage exploration. Metminco’s primary focus is the Quinchia Gold Portfolio, which is located in Colombia’s Middle Cauca Belt, and has a NI 43-101 estimated Mineral Resource of 2.8 million ounces of gold and contains a number of gold deposits. The Portfolio was acquired at a very attractive valuation and Metminco is now advancing a feasibility study on the Miraflores Gold Project to be completed during Q3 2017. In Chile, the Company has three projects, the most advanced of which are the Mollacas (copper leach) and Vallecillo (polymetallic) projects, both of which have mineral resources that have been reported in accordance with the JORC. The remaining project, Loica is a large, early stage, copper-molybdenum porphyry project. |
Touchstone Exploration
 | Touchstone Exploration Inc. is a UK listed but Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest independent onshore oil producers in Trinidad, with an experienced management and executive team that have a track record of delivering value to shareholders. In Trinidad, the Company’s interests in approximately 90,000 gross acres of exploration and development rights make it one of the largest independent onshore oil producers in Trinidad. Touchstone holds over 8,700 working interest acres of onshore producing properties that have known crude oil reserves as well as over 55,000 exploration and undeveloped working interest acres that are being evaluated. |
VICTIM - 21 Nov 2017 13:50 - 8 of 53
Pity I live 200 miles away , never mind slowly moving up here , i may kick myself i never bought more at 30p .
VICTIM - 24 Nov 2017 10:28 - 9 of 53
Liberum Capital now has 74p price target on these now , Pennsylvania legislation and European Internet Casino rollout .
VICTIM - 04 Dec 2017 07:31 - 10 of 53
Continued strong growth from it's core US market and Simulated Gaming , RNS .
Chris Carson
- 04 Dec 2017 13:35
- 11 of 53
VICTIM - 26 Jan 2018 15:43 - 12 of 53
RNS Q4 Key performance indicators , one of these days Rodders , it will come good .
VICTIM - 15 May 2018 08:08 - 13 of 53
Supreme Court strikes down federal law prohibiting sports gambling , just what's needed here at long last , up she goes .
VICTIM - 15 May 2018 09:15 - 14 of 53
RNS , GAN welcomes legalization of US Internet Sports betting .
HARRYCAT
- 15 May 2018 17:45
- 15 of 53
StockMarketWire.com
Gaming software developer Gan confirmed it would launch online sports betting in New Jersey and Pennsylvania in the second half of the year, while welcoming a US court decision to overturn previous gambling restrictions.
Sports betting would be delivered as an integrated extension into the company's enterprise software platform, Gan said.
Incremental revenues were expected to be 'material' for the company in the second half, it added.
'GAN has been preparing for sports betting since the 2017 fourth quarter at the request of multiple US clients,' chief executive Dermot Smurfit said.
Gaming software developer Gan confirmed it would launch online sports betting in New Jersey and Pennsylvania in the second half of the year, while welcoming a US court decision to overturn previous gambling restrictions.
Sports betting would be delivered as an integrated extension into the company's enterprise software platform, Gan said.
Incremental revenues were expected to be 'material' for the company in the second half, it added.
'GAN has been preparing for sports betting since the 2017 fourth quarter at the request of multiple US clients,' chief executive Dermot Smurfit said.
VICTIM - 17 May 2018 11:22 - 16 of 53
Jeepers , this took off eh . Hopefully just the start .
HARRYCAT
- 17 May 2018 12:51
- 17 of 53
Excellent....jumped aboard at 45p. A bit of a punt for me with minimal research, but saw the US news and picked a few stocks which I thought would benefit.
VICTIM - 21 May 2018 08:42 - 18 of 53
Well done HARRY , RNS out , Equity subscription of £7.5 million to US investors , should be good for building the business . Ain't sold any , longer term should be good and maybe get taken out one day .
HARRYCAT
- 21 May 2018 12:24
- 19 of 53
London & Dublin May 21, 2018: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announces that it has conditionally raised £7,500,000 (before expenses) through an over-subscribed Subscription of 15,000,000 new ordinary shares of £0.01 each per share ("Ordinary Shares") at an issue price of 50p per Ordinary Share ("Subscription Shares") by US institutional shareholders (the "Subscription"). The Subscription Shares will represent 17.6 per cent. (approximately) of the enlarged issued share capital of GAN.
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 WinStar.com 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. Proceeds from the Subscription will also be used to repay in full the £2,001,483 9% Convertible Unsecured Loan Notes 2022 issued by GAN in April 2017, in order to strengthen the Company's balance sheet, it thereby being debt-free and capitalized to levels the Directors of GAN believe are reasonably required to serve major multi-property and multi-State casino groups in the US. Increases in software engineering resources will also take place substantially in GAN's existing offices in Sofia, Bulgaria where GAN has operated an engineering facility since 2016.
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 WinStar.com 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. Proceeds from the Subscription will also be used to repay in full the £2,001,483 9% Convertible Unsecured Loan Notes 2022 issued by GAN in April 2017, in order to strengthen the Company's balance sheet, it thereby being debt-free and capitalized to levels the Directors of GAN believe are reasonably required to serve major multi-property and multi-State casino groups in the US. Increases in software engineering resources will also take place substantially in GAN's existing offices in Sofia, Bulgaria where GAN has operated an engineering facility since 2016.
VICTIM - 22 May 2018 09:25 - 20 of 53
NASDAQ beckons apparently .
HARRYCAT
- 23 May 2018 17:41
- 21 of 53
London & Dublin May 23, 2018: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, announced on May 21, 2018 a conditional equity subscription to raise gross proceeds of £7.5 million.
A circular, containing a notice of the General Meeting, has been sent to Shareholders outlining the terms of the Subscription and seeking the necessary approval of Shareholders to issue the Subscription Shares on a non-pre-emptive basis (the "Circular"). The general meeting is convened to be held on June 7, 2018 at 2.00 p.m. at the offices of Mishcon de Reya LLP, Africa House, 70 Kingsway, Holborn, London WC2B 6AH.
Application will be made to the London Stock Exchange and Euronext Dublin for the Subscription Shares to be admitted to trading on AIM and the ESM, respectively. Subject to the Resolutions being passed at the General Meeting, it is expected that Admission of the Subscription Shares will become effective and that dealings will commence in the Subscription Shares at 8.00 a.m. on June 8, 2018.
HARRYCAT
- 24 May 2018 19:00
- 22 of 53
VICTIM - 25 May 2018 07:06 - 23 of 53
RNS , new CFO for Las Vegas US set up , looking good here .
HARRYCAT
- 06 Jun 2018 13:59
- 24 of 53
StockMarketWire.com
Gambling software group GAN said it does not expect to be affected by possible new rules that could prohibit casinos in New Jersey from launching online sports betting due to their ownership of US sports teams.
The company confirmed that it was preparing to launch online sports betting in both New Jersey and Pennsylvania for its clients in the second half of 2018.
'The company has investigated the reported issue with its clients and does not currently expect any impact on GAN's plans,' it said.
Shares in GAN and other gambling companies got a leg up last month, when a US court overturned a national ban on sports betting.
Gambling software group GAN said it does not expect to be affected by possible new rules that could prohibit casinos in New Jersey from launching online sports betting due to their ownership of US sports teams.
The company confirmed that it was preparing to launch online sports betting in both New Jersey and Pennsylvania for its clients in the second half of 2018.
'The company has investigated the reported issue with its clients and does not currently expect any impact on GAN's plans,' it said.
Shares in GAN and other gambling companies got a leg up last month, when a US court overturned a national ban on sports betting.
VICTIM - 06 Jun 2018 15:57 - 25 of 53
Yes the scaremongerers have been about , nice timing by GAN .
HARRYCAT
- 27 Jun 2018 17:55
- 26 of 53
Multi-year deal to develop & distribute 10 Everi slot titles on-board GAN market leading enterprise software platform
London & Dublin ces and online gaming content in the United States, today announces that casino technology solutions supplier, Everi Holdings Inc. (NYSE: EVRI), has entered into a multi-year extension with GAN for the development and distribution of ten (10) online slot games based on original Everi game themes. The games will be deployed locally on the GAN Platform for distribution by GAN to its diverse operator clients of Simulated Gaming coast-to-coast in the US and real money Internet gaming in New Jersey and Pennsylvania and in Europe.
Three (3) of Everi's most popular slot themes, Total Meltdown®, Carnival in Rio®, and Starry Night®, will receive upgrades from previously released online games to HTML5 client applications to be developed by GAN in H2 2018. An additional seven (7) Everi titles will be developed by GAN in HTML5 including marquee slot themes Zoltar™, Peking Fantasy®, Red Carpet®, Mystical Tarot®, Dragons Wild®, Ragtime Riches®, and Wild A Go-Go®.
Development fees received by GAN under the operation of this Agreement will generate a positive contribution to GAN revenues in H2 2018 and H1 2019.
London & Dublin ces and online gaming content in the United States, today announces that casino technology solutions supplier, Everi Holdings Inc. (NYSE: EVRI), has entered into a multi-year extension with GAN for the development and distribution of ten (10) online slot games based on original Everi game themes. The games will be deployed locally on the GAN Platform for distribution by GAN to its diverse operator clients of Simulated Gaming coast-to-coast in the US and real money Internet gaming in New Jersey and Pennsylvania and in Europe.
Three (3) of Everi's most popular slot themes, Total Meltdown®, Carnival in Rio®, and Starry Night®, will receive upgrades from previously released online games to HTML5 client applications to be developed by GAN in H2 2018. An additional seven (7) Everi titles will be developed by GAN in HTML5 including marquee slot themes Zoltar™, Peking Fantasy®, Red Carpet®, Mystical Tarot®, Dragons Wild®, Ragtime Riches®, and Wild A Go-Go®.
Development fees received by GAN under the operation of this Agreement will generate a positive contribution to GAN revenues in H2 2018 and H1 2019.
VICTIM - 28 Jun 2018 08:09 - 27 of 53
Well spotted HARRY , was that an RNS .
HARRYCAT
- 28 Jun 2018 09:46
- 28 of 53
VICTIM - 11 Jul 2018 07:15 - 29 of 53
RNS , Gan launches Ocean online casino in New Jersey .
HARRYCAT
- 11 Jul 2018 10:16
- 30 of 53
GAN launches Ocean Online Casino in New Jersey
First New Jersey casino to deliver a converged online & on-property real money gaming experience to guests utilizing GAN's US-patented technology
London & Dublin l B2B Internet gaming software, services and online gaming content in the United States, today announces the Company has simultaneously launched both real money Online Gaming and Simulated Gaming for Ocean Resort Casino in New Jersey supported by GAN's Turnkey Managed Services comprising technical operations management, software development, customer services & payments management together with associated regulatory consultancy.
GAN's Patent, now licensed to Ocean Resort Casino, will enable the client's guests enrolled in Ocean Premier, Ocean Resort Casino's loyalty program, to sign up online and instantly link their rewards card to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming, to be subsequently redeemed on-property.
The Internet casino is now available on www.OceanOnlineCasino.com offering residents of, and visitors to, New Jersey a market-leading mobile-first Internet casino website/app design with Internet sports betting expected to be launched as an integrated extension in Fall of 2018 subject to customary commercial and regulatory approvals.
http://www.moneyam.com/action/news/showArticle?id=6047320
First New Jersey casino to deliver a converged online & on-property real money gaming experience to guests utilizing GAN's US-patented technology
London & Dublin l B2B Internet gaming software, services and online gaming content in the United States, today announces the Company has simultaneously launched both real money Online Gaming and Simulated Gaming for Ocean Resort Casino in New Jersey supported by GAN's Turnkey Managed Services comprising technical operations management, software development, customer services & payments management together with associated regulatory consultancy.
GAN's Patent, now licensed to Ocean Resort Casino, will enable the client's guests enrolled in Ocean Premier, Ocean Resort Casino's loyalty program, to sign up online and instantly link their rewards card to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming, to be subsequently redeemed on-property.
The Internet casino is now available on www.OceanOnlineCasino.com offering residents of, and visitors to, New Jersey a market-leading mobile-first Internet casino website/app design with Internet sports betting expected to be launched as an integrated extension in Fall of 2018 subject to customary commercial and regulatory approvals.
http://www.moneyam.com/action/news/showArticle?id=6047320
VICTIM - 16 Jul 2018 16:15 - 31 of 53
RNS, Gan to launch Parx Casino internet gaming , later this year .
HARRYCAT
- 16 Jul 2018 17:54
- 32 of 53
Pennsylvania's market leading casino files $10m application in preparation for iGaming launch utilizing GAN's US-patented technology
London & Dublin July 16, 2018: GAN plc ("GAN" or the "Company"), today confirms Greenwood Gaming & Entertainment, Inc. trading as 'Parx Casino' ("Parx Casino") has filed a petition with the Pennsylvania Gaming Control Board ("PGCB") confirming Parx Casino's intention to launch Internet gaming online in the State of Pennsylvania and identifying GAN as their enterprise software platform provider.
Parx Casino launched GAN's Simulated Gaming in March 2015, which will remain operational and available online at ParxOnline.com following the launch of real money regulated Internet gaming.
Highlights
· Parx owns and operates the #1 land-based casino property in Pennsylvania located a short distance from Philadelphia, Pennsylvania's largest City. In the most recent fiscal year ended June 30, 2018 Parx Casino generated $570m from slot machines and table games on-property representing a 18% share of the Pennsylvania's $3.2bn gaming market.
· The Pennsylvanian regulated Internet gaming market is forecast to generate $200m in gross gaming revenue online during the first twelve months of operation (source: Eilers & Krejcik Gaming LLC1).
· GAN's US-patented technology will enable Parx Casino patrons enrolled in the on-property loyalty program, to sign up online and instantly link their reward cards to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming, to be subsequently redeemed on-property.
http://www.moneyam.com/action/news/showArticle?id=6054193
London & Dublin July 16, 2018: GAN plc ("GAN" or the "Company"), today confirms Greenwood Gaming & Entertainment, Inc. trading as 'Parx Casino' ("Parx Casino") has filed a petition with the Pennsylvania Gaming Control Board ("PGCB") confirming Parx Casino's intention to launch Internet gaming online in the State of Pennsylvania and identifying GAN as their enterprise software platform provider.
Parx Casino launched GAN's Simulated Gaming in March 2015, which will remain operational and available online at ParxOnline.com following the launch of real money regulated Internet gaming.
Highlights
· Parx owns and operates the #1 land-based casino property in Pennsylvania located a short distance from Philadelphia, Pennsylvania's largest City. In the most recent fiscal year ended June 30, 2018 Parx Casino generated $570m from slot machines and table games on-property representing a 18% share of the Pennsylvania's $3.2bn gaming market.
· The Pennsylvanian regulated Internet gaming market is forecast to generate $200m in gross gaming revenue online during the first twelve months of operation (source: Eilers & Krejcik Gaming LLC1).
· GAN's US-patented technology will enable Parx Casino patrons enrolled in the on-property loyalty program, to sign up online and instantly link their reward cards to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming, to be subsequently redeemed on-property.
http://www.moneyam.com/action/news/showArticle?id=6054193
VICTIM - 18 Jul 2018 07:10 - 33 of 53
RNS , Fan Duel to leverage GANs enterprise software , is there any stopping this company .
HARRYCAT
- 18 Jul 2018 11:00
- 34 of 53
IGT Sports betting platform now integrated by GAN: Single-wallet solution for FanDuel-branded Internet sports betting & casino gaming
London & Dublin July 18, 2018: GAN plc today announces the Company is preparing to launch Internet sports betting in New Jersey for FanDuel.
Highlights
· FanDuel Group is a subsidiary of Paddy Power Betfair PLC, a leading international sports betting and gaming operator. The agreement with GAN allows FanDuel Group to integrate its sports betting solution to the GAN Platform which is already certified for iGaming in the state of New Jersey.
· GAN is working to complete the integration into the GAN Platform of FanDuel's nominated Internet sports betting software which is a combination of IGT's sports platform and Paddy Power Betfair's leading pricing, trading and risk management technology, along with a user interface designed for the US customer by the FanDuel team.
· FanDuel expects to launch a FanDuel-branded website and accompanying mobile app offering Internet sports betting that leverages GAN's enterprise software later this year.
Sports betting will be delivered as an integrated extension into GAN's enterprise software platform and GAN will participate in the incremental sports betting revenues.
London & Dublin July 18, 2018: GAN plc today announces the Company is preparing to launch Internet sports betting in New Jersey for FanDuel.
Highlights
· FanDuel Group is a subsidiary of Paddy Power Betfair PLC, a leading international sports betting and gaming operator. The agreement with GAN allows FanDuel Group to integrate its sports betting solution to the GAN Platform which is already certified for iGaming in the state of New Jersey.
· GAN is working to complete the integration into the GAN Platform of FanDuel's nominated Internet sports betting software which is a combination of IGT's sports platform and Paddy Power Betfair's leading pricing, trading and risk management technology, along with a user interface designed for the US customer by the FanDuel team.
· FanDuel expects to launch a FanDuel-branded website and accompanying mobile app offering Internet sports betting that leverages GAN's enterprise software later this year.
Sports betting will be delivered as an integrated extension into GAN's enterprise software platform and GAN will participate in the incremental sports betting revenues.
VICTIM - 30 Jul 2018 07:27 - 35 of 53
RNS Parx contract extension .
HARRYCAT
- 30 Jul 2018 08:36
- 36 of 53
GAN to deliver Sports betting for Parx Casino via its award-winning Platform
Multiyear partnership extension includes delivery of Sports betting in both Retail and Online channels for Pennsylvania's largest casino, a material increase in revenue opportunity
London & Dublin HTMLPIPESYMBOL July 30, 2018: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announces that GAN and Greenwood Gaming & Entertainment, Inc. trading as 'Parx Casino' ("Parx Casino") have executed a material contract to offer Sports betting in both the retail and online channels in the Commonwealth of Pennsylvania. Parx Casino's nominated third party sports betting application software provider will now be integrated by GAN with launch expected in H2 2018.
On July 16, 2018 GAN announced that Parx Casino had filed a petition with the Pennsylvania Gaming Control Board ("PGCB") confirming Parx Casino's intention to launch Internet gaming online in the State of Pennsylvania and identifying GAN as their enterprise software Platform provider.
http://www.moneyam.com/action/news/showArticle?id=6070390
Multiyear partnership extension includes delivery of Sports betting in both Retail and Online channels for Pennsylvania's largest casino, a material increase in revenue opportunity
London & Dublin HTMLPIPESYMBOL July 30, 2018: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announces that GAN and Greenwood Gaming & Entertainment, Inc. trading as 'Parx Casino' ("Parx Casino") have executed a material contract to offer Sports betting in both the retail and online channels in the Commonwealth of Pennsylvania. Parx Casino's nominated third party sports betting application software provider will now be integrated by GAN with launch expected in H2 2018.
On July 16, 2018 GAN announced that Parx Casino had filed a petition with the Pennsylvania Gaming Control Board ("PGCB") confirming Parx Casino's intention to launch Internet gaming online in the State of Pennsylvania and identifying GAN as their enterprise software Platform provider.
http://www.moneyam.com/action/news/showArticle?id=6070390
VICTIM - 10 Sep 2018 07:12 - 37 of 53
RNS , Sports betting now online in New Jersey .
HARRYCAT
- 10 Sep 2018 11:18
- 38 of 53
StockMarketWire.com
Gan said Monday it had launched Internet sports betting in New Jersey delivered for Paddy Power Betfair plc's FanDuel Group.
FanDuel Group, a subsidiary of Paddy Power Betfair PLC, is Gan's first US client to operate Internet sports betting using the GAN Platform.
GAN had completed the integration of FanDuel's nominated Internet sports betting software -- a combination of IGT's sports platform and Paddy Power Betfair's pricing, trading and risk management technology.
Gan said Monday it had launched Internet sports betting in New Jersey delivered for Paddy Power Betfair plc's FanDuel Group.
FanDuel Group, a subsidiary of Paddy Power Betfair PLC, is Gan's first US client to operate Internet sports betting using the GAN Platform.
GAN had completed the integration of FanDuel's nominated Internet sports betting software -- a combination of IGT's sports platform and Paddy Power Betfair's pricing, trading and risk management technology.
HARRYCAT
- 14 Sep 2018 10:04
- 39 of 53
GAN Announces Appointment of Leading Intellectual Property Litigation Firm to Drive Licensing & Enforcement of US Patent
London & Dublin - Irwin IP LLP ("Irwin IP") in Chicago, IL to implement a US patent licensing and enforcement program principally targeting operators in the regulated intra-State Internet gambling markets of New Jersey, Nevada, Delaware and Pennsylvania which are currently infringing upon the Company's US-patented intellectual property rights.
The commencement of GAN's Patent licensing program was announced on May 30, 2017 following an unsuccessful 'ex parte' (anonymous) legal challenge to GAN's US patent number 8,821,296, reinforcing the value of GAN's US-patented technology for linking land-based casino reward cards to online gambling accounts.
Following the completion of the £7.5M Equity Placing in June 2018 and the appointment of Irwin IP LLP, the Company will now proceed to assert its rights over US-patented intellectual property and seek commercial settlements for prior and continuing infringements by regulated Internet gambling operators and/or relevant technology vendors, who have been substantially and progressively placed on notice of the Company's US intellectual property rights.
A further update will be provided at GAN's H1 2018 interim results on September 28, 2018.
London & Dublin - Irwin IP LLP ("Irwin IP") in Chicago, IL to implement a US patent licensing and enforcement program principally targeting operators in the regulated intra-State Internet gambling markets of New Jersey, Nevada, Delaware and Pennsylvania which are currently infringing upon the Company's US-patented intellectual property rights.
The commencement of GAN's Patent licensing program was announced on May 30, 2017 following an unsuccessful 'ex parte' (anonymous) legal challenge to GAN's US patent number 8,821,296, reinforcing the value of GAN's US-patented technology for linking land-based casino reward cards to online gambling accounts.
Following the completion of the £7.5M Equity Placing in June 2018 and the appointment of Irwin IP LLP, the Company will now proceed to assert its rights over US-patented intellectual property and seek commercial settlements for prior and continuing infringements by regulated Internet gambling operators and/or relevant technology vendors, who have been substantially and progressively placed on notice of the Company's US intellectual property rights.
A further update will be provided at GAN's H1 2018 interim results on September 28, 2018.
VICTIM - 18 Sep 2018 07:18 - 40 of 53
The author of The Small Company Sharewatch is a buyer of GAN , bright future .
HARRYCAT
- 18 Sep 2018 18:15
- 41 of 53
Trading Statement & Notice of Results
London & Dublin - GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States and Europe, today provides an update on trading for the half-year ended June 30, 2018.
GAN performed in line with market expectations during the first half of 2018.
The outlook for the second half year period and full calendar year 2018 is contingent on (a) the market size, share and growth rate of Internet sports gambling in New Jersey; (b) the timing with which Pennsylvania's regulator the Pennsylvania Gaming Control Board ("PGCB") permits the launch of Internet real money gambling for residents of the State of Pennsylvania; and (c) the speed with which efficient marketing of the Overseas Internet Casino is conducted in European regulated markets by GAN.
By way of outlook on 2019, the recent launch of Internet sports betting, the Company's current sales pipeline and existing contracted clients are projected to propel GAN to record revenues, revenue growth, and EBITDA.
GAN is due to release its half year result for the period ended 30 June 2018 on September 28, 2018.
HARRYCAT
- 26 Sep 2018 09:39
- 42 of 53
GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the US land-based casino Industry, today announced that it will release its interim financial results for the first-half of the 2018 year ending June 30, 2018 on Friday 28th September 2018 at 07:00 a.m. UK time.
VICTIM - 26 Sep 2018 13:27 - 43 of 53
Conference call at 11.00 am , live on Friday will try to watch that .
VICTIM - 28 Sep 2018 08:05 - 44 of 53
The interim's are out on the Co site but looked over and over on here , but can't see them .
HARRYCAT
- 28 Sep 2018 09:40
- 45 of 53
StockMarketWire.com
Internet gaming company GAN said Friday first-half performance was in-line with market expectations.
The outlook for the second half of the year would depend on the market size, share and growth rate of Internet sports gambling in New Jersey, and how quickly the Pennsylvania Gaming Control Board permitted the launch of Internet real money gambling for local state residents.
Following recent legislative banning advertising of gambling in Italy, the company said that Italian internet gambling operators supported by significant retail operations were 'not expected to be materially impacted by the ban on advertising and may benefit from reduced competition from Internet-only operators.'
Operational marketing of the overseas internet casino in Europe had commenced on September 12, the company said.
As of June 30, GAN operated simulated gaming for 13 major US casinos coast-to-coast, representing in excess of $8bn in annual land-based gaming revenues.
http://www.moneyam.com/action/news/showArticle?id=6146611
Internet gaming company GAN said Friday first-half performance was in-line with market expectations.
The outlook for the second half of the year would depend on the market size, share and growth rate of Internet sports gambling in New Jersey, and how quickly the Pennsylvania Gaming Control Board permitted the launch of Internet real money gambling for local state residents.
Following recent legislative banning advertising of gambling in Italy, the company said that Italian internet gambling operators supported by significant retail operations were 'not expected to be materially impacted by the ban on advertising and may benefit from reduced competition from Internet-only operators.'
Operational marketing of the overseas internet casino in Europe had commenced on September 12, the company said.
As of June 30, GAN operated simulated gaming for 13 major US casinos coast-to-coast, representing in excess of $8bn in annual land-based gaming revenues.
http://www.moneyam.com/action/news/showArticle?id=6146611
HARRYCAT
- 20 Nov 2018 09:52
- 46 of 53
Trading at Record Levels in Q3, driven by Strong Growth in US Sports Betting
London & Dublin ng developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the release of quarterly key performance indicators for the second and third quarters of 2018, highlighting continued strong momentum with the Company trading at record levels in Q3 2018.
Today's update allows the US and global institutional investment community to properly track progress of GAN's diverse business on a quarterly basis.
Key Performance Indicators for Q4 2018 will be released in January 2019.
Second Quarter 2018 & Third Quarter 2018 Highlights
· +11.3% Quarter-on-Quarter increase in Gross Operator Revenue in Q3 2018 over Q2 2018 to $26.7M reflecting strong growth in real money regulated gambling in both Italy and New Jersey
· +8.6% Quarter-on-Quarter growth in Active Player-Days in Q3 2018 over Q2 2018 to 3,402,065 Active Player-Days
· Significant growth experienced in New Jersey during Q3 2018 driven by the launch of GAN's second New Jersey client Ocean Resort Casino and the commencement of regulated Internet Sports betting
· July 10, 2018 the Company launched Ocean Resort Casino's real money Internet gaming website (www.OceanOnlineCasino.com) together with a counterpart Simulated Gaming website (www.OceanSocialCasino.com)
· September 1, 2018 the Company launched regulated Internet sports betting for client PaddyPower Betfair plc's enlarged US business 'FanDuel Group' (http://sportsbook.FanDuel.com)
· September 12, 2018 the Company launched digital user acquisition & retention marketing in support of the Overseas Internet Casino (www.WinStar.com) provided by GAN's Digital Marketing Agency in Tel Aviv, Israel
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"GAN traded at record levels during these past two quarters with significant growth in Q3 driven by the launch of our second New Jersey client of regulated gaming accelerated by the first month of US Internet sports betting in September. The new Key Performance Indicator 'Gross Operator Revenue' identifies the GAN-enabled revenues delivered to our clients operating their Simulated Gaming and/or Regulated Gambling business on our technology Platform, in which GAN participates."
London & Dublin ng developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the release of quarterly key performance indicators for the second and third quarters of 2018, highlighting continued strong momentum with the Company trading at record levels in Q3 2018.
Today's update allows the US and global institutional investment community to properly track progress of GAN's diverse business on a quarterly basis.
Key Performance Indicators for Q4 2018 will be released in January 2019.
Second Quarter 2018 & Third Quarter 2018 Highlights
· +11.3% Quarter-on-Quarter increase in Gross Operator Revenue in Q3 2018 over Q2 2018 to $26.7M reflecting strong growth in real money regulated gambling in both Italy and New Jersey
· +8.6% Quarter-on-Quarter growth in Active Player-Days in Q3 2018 over Q2 2018 to 3,402,065 Active Player-Days
· Significant growth experienced in New Jersey during Q3 2018 driven by the launch of GAN's second New Jersey client Ocean Resort Casino and the commencement of regulated Internet Sports betting
· July 10, 2018 the Company launched Ocean Resort Casino's real money Internet gaming website (www.OceanOnlineCasino.com) together with a counterpart Simulated Gaming website (www.OceanSocialCasino.com)
· September 1, 2018 the Company launched regulated Internet sports betting for client PaddyPower Betfair plc's enlarged US business 'FanDuel Group' (http://sportsbook.FanDuel.com)
· September 12, 2018 the Company launched digital user acquisition & retention marketing in support of the Overseas Internet Casino (www.WinStar.com) provided by GAN's Digital Marketing Agency in Tel Aviv, Israel
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"GAN traded at record levels during these past two quarters with significant growth in Q3 driven by the launch of our second New Jersey client of regulated gaming accelerated by the first month of US Internet sports betting in September. The new Key Performance Indicator 'Gross Operator Revenue' identifies the GAN-enabled revenues delivered to our clients operating their Simulated Gaming and/or Regulated Gambling business on our technology Platform, in which GAN participates."
HARRYCAT
- 26 Nov 2018 11:31
- 47 of 53
StockMarketWire.com
Gambling group GAN launched Monday Internet gaming content for Italian sports betting & casino gaming operator Goldbet in Italy.
GAN had now integrated its platform in Italy and launched internet gaming content for Goldbet, the company said.
Goldbet operated a substantial network of more than 900 retail gambling shops accounting for approximately 3% market share of Internet casino gaming in Italy, it added.
GAN delivered more than 500 high-quality casino slots, table games and non-traditional games in Italy to nine Italian operators, who together represented more than 45% of Italy's total Internet casino gaming market by gross gaming revenue, the company said.
Strong growth in the region resulted in revenues from Italy growing to £1.7m during the first half of 2018, accounting for just under 40% of GAN's net revenues.
This latest launch further strengthened GAN's position as the country's independent Internet gambling software and services provider, GAN said.
'GAN continues to win major clients in Italy by delivering an increasing number of high quality Internet casino games to our Italian clients, carefully procured from independent casino game design studios worldwide as well as major land-based casino equipment manufacturers, said Dermot Smurfit, CEO of GAN.
'GAN's distribution reach now extends to nearly half of the regulated Italian Internet casino gaming market: We very much welcome the launch of Goldbet as our ninth operator client in Italy.'
Gambling group GAN launched Monday Internet gaming content for Italian sports betting & casino gaming operator Goldbet in Italy.
GAN had now integrated its platform in Italy and launched internet gaming content for Goldbet, the company said.
Goldbet operated a substantial network of more than 900 retail gambling shops accounting for approximately 3% market share of Internet casino gaming in Italy, it added.
GAN delivered more than 500 high-quality casino slots, table games and non-traditional games in Italy to nine Italian operators, who together represented more than 45% of Italy's total Internet casino gaming market by gross gaming revenue, the company said.
Strong growth in the region resulted in revenues from Italy growing to £1.7m during the first half of 2018, accounting for just under 40% of GAN's net revenues.
This latest launch further strengthened GAN's position as the country's independent Internet gambling software and services provider, GAN said.
'GAN continues to win major clients in Italy by delivering an increasing number of high quality Internet casino games to our Italian clients, carefully procured from independent casino game design studios worldwide as well as major land-based casino equipment manufacturers, said Dermot Smurfit, CEO of GAN.
'GAN's distribution reach now extends to nearly half of the regulated Italian Internet casino gaming market: We very much welcome the launch of Goldbet as our ninth operator client in Italy.'
HARRYCAT
- 13 Dec 2018 09:48
- 48 of 53
London & Dublin -13 December, 2018: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today updated the market following the publication on December 12, 2018 by the New Jersey's Division of Gaming Enforcement ("DGE") of Internet gaming and Internet sports betting financial information for the calendar month of November 2018 in New Jersey.
Highlights from the DGE include:
· Internet Gaming Win was $26.9 million in November compared to $20.6 million in the prior year period, reflecting a year-over-year increase of 30.7%.
· Total Internet Sports Wagering Handle(1) was approximately $238.6 million for the month of November 2018, an increase of 36.8% from $174.4 million in October 2018.
· Sports Wagering Gross Revenues(2) (after payouts) were $21.2 million, compared to October's $11.7 million, for a month-over-month increase of 81.2%.
https://www.moneyam.com/action/news/showArticle?id=6242987
Highlights from the DGE include:
· Internet Gaming Win was $26.9 million in November compared to $20.6 million in the prior year period, reflecting a year-over-year increase of 30.7%.
· Total Internet Sports Wagering Handle(1) was approximately $238.6 million for the month of November 2018, an increase of 36.8% from $174.4 million in October 2018.
· Sports Wagering Gross Revenues(2) (after payouts) were $21.2 million, compared to October's $11.7 million, for a month-over-month increase of 81.2%.
https://www.moneyam.com/action/news/showArticle?id=6242987
HARRYCAT
- 21 Dec 2018 07:57
- 49 of 53
London & Dublin - SYNOT win with a contract value in excess of £400,000 ($500,000).
SYNOT is a major manufacturer of physical gaming machines and designer of diverse gaming software, with gaming business activities across Europe, Asia and Africa. Under the terms, GAN will distribute six SYNOT-designed premium casino games, including their flagship slot title, "Alchemist's Gold", to the US market through GAN's proprietary 'GameSTACK' Internet Gambling Platform (IGS). The multi-year deal includes paid-for development fees and ongoing revenue-share participation throughout the term. All games are expected to be launched and fully functional by the end of 2019 and will be released as both Simulated Gaming and Real Money Gaming titles contingent on US regulatory State laws.
Dermot Smurfit, CEO of GAN commented:
"We are excited to begin working with SYNOT and look forward to bringing their successful European slot titles to select US markets. The deal solidifies GAN's US market position as a viable route for international and domestic gaming companies to gain immediate access to the new and fast-growing regulated US online gaming market. We expect full US-integration of all 6 SYNOT titles to be completed by the end of 2019 and expect material impacts to GAN's 2019 EBITDA and revenue in the same period."
SYNOT is a major manufacturer of physical gaming machines and designer of diverse gaming software, with gaming business activities across Europe, Asia and Africa. Under the terms, GAN will distribute six SYNOT-designed premium casino games, including their flagship slot title, "Alchemist's Gold", to the US market through GAN's proprietary 'GameSTACK' Internet Gambling Platform (IGS). The multi-year deal includes paid-for development fees and ongoing revenue-share participation throughout the term. All games are expected to be launched and fully functional by the end of 2019 and will be released as both Simulated Gaming and Real Money Gaming titles contingent on US regulatory State laws.
Dermot Smurfit, CEO of GAN commented:
"We are excited to begin working with SYNOT and look forward to bringing their successful European slot titles to select US markets. The deal solidifies GAN's US market position as a viable route for international and domestic gaming companies to gain immediate access to the new and fast-growing regulated US online gaming market. We expect full US-integration of all 6 SYNOT titles to be completed by the end of 2019 and expect material impacts to GAN's 2019 EBITDA and revenue in the same period."
HARRYCAT
- 10 Jan 2019 10:23
- 50 of 53
London & Dublin, GAN today announced the signing of a material long-term deal with the FanDuel Group ("FDG") to be FDG's Platform for rapid deployment of Internet casino, and account services for Internet sports betting in Pennsylvania (pop. 13M) and West Virginia (pop. 1.8M), in addition to the existing services provided since 2013 by GAN to FDG in the State of New Jersey (pop. 9M).
This expanded contract represents a material increase in the value of the partnership to GAN across revenue share, professional services and patent licensing fees.
As part of the contract expansion FDG has agreed to license GAN's US Patent. GAN's patented technology allows land-based casino patrons enrolled in on-property loyalty programs to link existing loyalty cards to Internet gambling accounts and receive loyalty points in exchange for online gambling. Linking of patrons' loyalty cards is proven to greatly enhance online engagement by US casino patrons as well as substantially increasing lifetime value realized online through increased monetization and retention. Management believes that the recognition of GAN's US Patent significantly underpins GAN's intangible asset value and could potentially lead to further client partnerships and US Patent licensing revenue opportunities
This expanded contract represents a material increase in the value of the partnership to GAN across revenue share, professional services and patent licensing fees.
As part of the contract expansion FDG has agreed to license GAN's US Patent. GAN's patented technology allows land-based casino patrons enrolled in on-property loyalty programs to link existing loyalty cards to Internet gambling accounts and receive loyalty points in exchange for online gambling. Linking of patrons' loyalty cards is proven to greatly enhance online engagement by US casino patrons as well as substantially increasing lifetime value realized online through increased monetization and retention. Management believes that the recognition of GAN's US Patent significantly underpins GAN's intangible asset value and could potentially lead to further client partnerships and US Patent licensing revenue opportunities
HARRYCAT
- 15 Jan 2019 09:54
- 51 of 53
London & Dublin - January 15, 2019: GAN plc today updated the market following the publication on January 14, 2019 by the New Jersey's Division of Gaming Enforcement ("DGE") of Internet gaming and Internet sports betting financial information for the calendar month of December 2018 in New Jersey.
Highlights from the DGE include:
· Internet Gaming Win was $29.0 million in December compared to $20.8 million in the prior year period, reflecting a year-over-year increase of 39.7%.
· Total Internet Sports Wagering Handle (1) was approximately $241.0 million for the month of December 2018, an increase from $238.6 million in November 2018 and $174.4 million in October 2018.
· Sports Wagering Gross Revenues (2) (after payouts) were $20.8 million, compared to November's $21.2 million and October's $11.7 million.
Highlights from the DGE include:
· Internet Gaming Win was $29.0 million in December compared to $20.8 million in the prior year period, reflecting a year-over-year increase of 39.7%.
· Total Internet Sports Wagering Handle (1) was approximately $241.0 million for the month of December 2018, an increase from $238.6 million in November 2018 and $174.4 million in October 2018.
· Sports Wagering Gross Revenues (2) (after payouts) were $20.8 million, compared to November's $21.2 million and October's $11.7 million.
HARRYCAT
- 17 Jan 2019 10:59
- 52 of 53
GAN Reports Q4 2018 Key Performance Indicators Highlighted by 103.9% Growth in Gross Operator Revenue
London & Dublin - January 17, 2019: GAN today announced the release of quarterly key performance indicators for the fourth quarter of 2018, highlighting exceptionally strong momentum with all business units of the Company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q4 2018.
Dermot Smurfit, CEO of GAN commented:
"Internet Sports betting in New Jersey drove exceptional growth of Gross Operator Revenue in the last quarter of 2018 with a significant positive impact on Casino revenues from cross-selling casino games to sports gamblers."
https://www.moneyam.com/action/news/showArticle?id=6280738
London & Dublin - January 17, 2019: GAN today announced the release of quarterly key performance indicators for the fourth quarter of 2018, highlighting exceptionally strong momentum with all business units of the Company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q4 2018.
Dermot Smurfit, CEO of GAN commented:
"Internet Sports betting in New Jersey drove exceptional growth of Gross Operator Revenue in the last quarter of 2018 with a significant positive impact on Casino revenues from cross-selling casino games to sports gamblers."
https://www.moneyam.com/action/news/showArticle?id=6280738
HARRYCAT
- 25 Jan 2019 09:54
- 53 of 53
StockMarketWire.com
Gambling services company Gan said Friday it expected annual results to top market expectation following 'rapid' growth in its real money internet gambling segment.
Trading for 2018 was expected to be ahead of market expectations with revenue between £10.5M to £11.3M versus £9.1M for 2017, the company said. 'This result was primarily driven by real money Internet gambling which increased H2 2018 revenue by more than 40% over H1 2018.'
The company achieved high quality recurring revenues represented approximately 85% of total revenue for the period, with almost two thirds originating from the US -- the company's key geographic market.
Earnings (EBITDA) losses for the year were expected to be between £1.0M and £1.5M, due to 'continued investment in technical development resources throughout H2 2018 to enable the successful launch of the new Internet gambling services for clients in West Virginia, Pennsylvania, and New Jersey in H1 2019,' the company added.
But earnings would improve in the upcoming year, the company said.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"We are delighted with our performance in 2018, which sets us up for strong growth in our business in 2019. Our intellectual property and technical expertise put us at the forefront of the internet sports betting and casino gaming market as demonstrated by our strong client base. Our recent contract announcements and expectation for further legislation to pass in new States in the US means that 2019 is set to be a very exciting year.
"We exceeded market expectations for revenue growth in 2018, having successfully launched Internet Sports betting in New Jersey. Our successful £7.5 million fund raising has enabled us to rapidly deliver for our clients and repay £2M in short term debt. Going into 2019, we are strategically well placed to deliver profitable growth in 2019."
Gambling services company Gan said Friday it expected annual results to top market expectation following 'rapid' growth in its real money internet gambling segment.
Trading for 2018 was expected to be ahead of market expectations with revenue between £10.5M to £11.3M versus £9.1M for 2017, the company said. 'This result was primarily driven by real money Internet gambling which increased H2 2018 revenue by more than 40% over H1 2018.'
The company achieved high quality recurring revenues represented approximately 85% of total revenue for the period, with almost two thirds originating from the US -- the company's key geographic market.
Earnings (EBITDA) losses for the year were expected to be between £1.0M and £1.5M, due to 'continued investment in technical development resources throughout H2 2018 to enable the successful launch of the new Internet gambling services for clients in West Virginia, Pennsylvania, and New Jersey in H1 2019,' the company added.
But earnings would improve in the upcoming year, the company said.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"We are delighted with our performance in 2018, which sets us up for strong growth in our business in 2019. Our intellectual property and technical expertise put us at the forefront of the internet sports betting and casino gaming market as demonstrated by our strong client base. Our recent contract announcements and expectation for further legislation to pass in new States in the US means that 2019 is set to be a very exciting year.
"We exceeded market expectations for revenue growth in 2018, having successfully launched Internet Sports betting in New Jersey. Our successful £7.5 million fund raising has enabled us to rapidly deliver for our clients and repay £2M in short term debt. Going into 2019, we are strategically well placed to deliver profitable growth in 2019."
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