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 (NASDAQ:GAN), a leading B2B technology provider for real money internet gaming and a B2C operator of Internet sports betting, announced the appointment of Mr. Seamus McGill as the company's CEO. McGill, who has been with GAN since 2014 and previously served in an interim capacity, will also remain on the board of directors. His focus will include guiding GAN towards a timely closing with Sega Sammy Creation, Inc. The board expresses full confidence in McGill's leadership and experience.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:12 pm

GAN Limited shareholders approved the merger with a subsidiary of SEGA SAMMY CREATION INC., with over 95% votes in favor. The merger, expected to close in late 2024 or early 2025, will result in GAN delisting from Nasdaq and becoming a private entity. Each GAN share will convert into $1.97 in cash, less applicable taxes.

Portfolio Pulse from Happy Mohamed

February 13, 2024 | 10:02 pm

GAN Limited (NASDAQ: GAN), a provider of internet gaming solutions and sports betting, announced a Special Meeting of Shareholders on February 13, 2024, to vote on a merger with a subsidiary of SEGA SAMMY CREATION INC., affiliated with SEGA SAMMY HOLDINGS, INC. The meeting will be virtual, and shareholders of record as of January 2, 2024, are eligible to vote. The proxy statement and voting instructions have been mailed to eligible shareholders and are available on GAN's website.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:42 pm

GAN Limited has announced that Red Rock Resorts has begun field trials of GAN Sports under the STN Sports brand at all Station Casinos properties. These trials are currently underway across all Station properties.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 9:35 pm

GAN Ltd. (NASDAQ: GAN) announced board changes with Seamus McGill stepping down as Chairman but remaining as interim CEO. David Goldberg will become the new Chairman, and David D. Ross joins the board, bringing extensive gaming and hospitality experience. Michael Smurfit will leave the board at year's end. The changes come as GAN works towards a transaction close with Sega Sammy Creation Inc.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:08 pm

Benzinga's Stock Whisper Index highlights five stocks: GAN Limited after an acquisition announcement by Sega Sammy Creation; Marathon Digital Holdings following Q3 results and Bitcoin production increase; Eli Lilly with FDA approval for Tirzepatide; Astra Space after a buyout proposal from its founders; and Coinbase Global due to Q3 revenue beat and Bitcoin optimism. These stocks are gaining investor interest and could see short-term impacts.

Portfolio Pulse from Chris Katje

November 10, 2023 | 3:45 pm

U.S. stocks traded mostly lower with the Dow Jones falling around 80 points. Ralph Lauren Corporation posted upbeat earnings for its second quarter, beating analyst consensus. Blade Air Mobility, GAN Limited, and The RealReal saw their shares rise following positive news. DURECT Corporation, FTC Solar, and Establishment Labs Holdings saw their shares drop due to negative news. Crude oil fell 2.5% and gold traded down 0.8%.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 7:52 pm

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. GAN Limited (NASDAQ:GAN) surged 83.9% after agreeing to be acquired by Sega Sammy Creation. Blade Air Mobility, Inc. (NASDAQ:BLDE) surged 27.3% after reporting strong Q3 FY23 revenue growth. On the other hand, DURECT Corporation (NASDAQ:DRRX) shares fell 75.5% after its Phase 2B AHFIRM trial did not achieve statistical significance. FTC Solar, Inc. (NASDAQ:FTCI) fell 62.8% after reporting Q3 earnings and announcing the departure of its CEO and CFO.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 6:41 pm

US stocks traded lower with the Dow Jones falling around 100 points. US wholesale inventories rose by 0.2% month-over-month in September. ContextLogic Inc. (WISH), GAN Limited (GAN), and The RealReal, Inc. (REAL) saw their shares rise following strong quarterly sales and acquisition news. DURECT Corporation (DRRX), FTC Solar, Inc. (FTCI), and Establishment Labs Holdings Inc. (ESTA) shares dropped due to disappointing results and executive departures.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 5:55 pm

Several stocks are experiencing significant pre-market movements. Gainers include Heart Test Laboratories, GAN Limited, Lumos Pharma, Porch Group, Upwork, American Public Education, Sphere 3D Corp, The RealReal, Enovix Corporation, and Evolus. Losers include DURECT Corporation, Sleep Number Corporation, Nerdy, LQR House, Upstart Holdings, Royalty Management Holding Corporation, Tharimmune, Toast, Flywire Corporation, and Leju Holdings Limited.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 12:50 pm

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