Streetbeat News

GAN

GAN Limited

https://www.gan.com

Industry

Gambling, Resorts & Casinos

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C). It offers and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming. The company also offers online sports betting, online casino game, and peer-to-peer poker services through its coolbet.com website, as well as a range of development, marketing, and customer support services designed to deploy and provide ongoing operational support for its software systems. It serves regional operators and individual tribal casino operators. The company was incorporated in 1999 and is headquartered in Irvine, California.

Open

1.83

Mkt cap

84M

Volume

228K

High

1.85

P/E Ratio

-6.34

52-wk high

1.85

Low

1.82

Div yield

N/A

52-wk low

1.17

GAN Limited has received approval from the Nevada Gaming Commission for its merger with a subsidiary of SEGA SAMMY CREATION INC. The merger is expected to close in late 2024 or early 2025, subject to additional approvals. Upon completion, GAN will be delisted from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:05 pm

GAN (NASDAQ:GAN) reported a Q2 2024 GAAP EPS of $(0.04) and sales of $35.560 million, beating the analyst estimate of $34.749 million. This represents a 5.34% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:03 pm

GAN Limited has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its proposed merger with a subsidiary of SEGA Sammy Creation, an affiliate of SEGA Sammy Holdings.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:31 pm

The U.S. Supreme Court has denied the petition to hear the Florida sports betting case, allowing the gaming compact that permits online sports betting in Florida to stand. This decision is likely to impact shares of several sports betting companies.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:40 pm

GAN reported a Q1 2024 GAAP EPS of $(0.09), down from $0.03 YoY, with sales of $30.651M missing the $39.951M estimate, marking a 23.28% miss and a 12.75% decrease in sales YoY.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:19 pm

GAN Limited (NASDAQ:GAN), a leading B2B and B2C internet gaming and sports betting provider, has officially appointed Mr. Brian Chang as Chief Financial Officer. Chang, who has been serving in an interim capacity since November 2022, brings extensive experience in financial reporting and process optimization. His focus will be on guiding GAN towards a successful merger with Sega Sammy Creation, Inc. Chang's appointment is backed by the board and is seen as a key step towards the merger's completion.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:21 pm

NCAA President Charlie Baker announced on X a stance against sports betting to safeguard student-athletes, signaling potential regulatory scrutiny or changes affecting companies in the sports betting industry.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:46 pm

In Tuesday's pre-market session, 11 consumer discretionary stocks showed notable movements. Gainers included Foresight Autonomous, Soho House, NWTN, GAN, and Forza X1 with increases ranging from 4.65% to 8.3%. Losers were led by Citi Trends, Yunji, Tile Shop Holdings, JOANN, Lincoln Educational Servs, and Chijet Motor Co, with declines between 6.95% and 15.3%. Notably, Soho House and GAN's movements were influenced by their recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 1:06 pm

GAN (NASDAQ:GAN) reported Q4 earnings with a significant miss on estimated earnings by -40.0%, posting an EPS of $-0.21 against an estimate of $-0.15. Revenue also saw a decrease of $6.23 million from the same period last year. This follows a pattern of fluctuating performance in previous quarters, with the last quarter showing a beat on EPS estimates but no subsequent increase in share price.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:35 pm

GAN reported Q4 earnings with a loss of $(0.21) per share, missing the $(0.15) estimate, and sales of $30.71M, missing the $34.42M estimate. This represents a 12.5% increase in losses per share and a 16.87% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 10:03 am

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