GAN Limited operates as a business-to-business supplier of internet gambling software-as-a-service solutions to online casino gaming and online sports betting applications in the United States, Italy, the United Kingdom and Channel Islands, and internationally. The company operates through Real Money iGaming (RMiG) and Simulated Gaming (SIM) segments. It offers and licenses GameSTACK, a proprietary internet gambling enterprise software system as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming, and virtual simulated gaming. The company also offers sports betting, online casino game, and peer-to-peer poker services through its Coolbet.com website, as well as a range of professional and managed 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 founded in 2002 and is headquartered in Irvine, California.
IPO Year: 2020
Exchange: NASDAQ
Website: gan.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2023 | Outperform → Neutral | Macquarie | |
| 3/23/2022 | Outperform → Market Perform | Northland Capital | |
| 8/10/2021 | $21.00 | Buy | Jefferies |
GAN (NASDAQ:GAN) reported quarterly losses of $(0.09) per share. This is a 400 percent decrease over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $30.651 million which missed the analyst consensus estimate of $39.951 million by 23.28 percent. This is a 12.75 percent decrease over sales of $35.129 million the same period last year.
Mr. Chang had previously been serving in an interim capacityGAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Brian Chang has recently been named the Company's Chief Financial Officer. Mr. Chang had previously been serving in an interim capacity.Mr. Chang will be focused on guiding the Company towards a timely closing with Sega Sammy Creation, Inc. ("Sega Sammy")."I'd like to congratulate Brian on his appointment to permanently lead our finance team. Brian has proven his financial acumen having served as our in
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Gainers Foresight Autonomous (NASDAQ:FRSX) shares moved upwards by 8.3% to $1.04 during Tuesday's pre-market session. The market value of their outstanding shares is at $15.9 million. Soho House (NYSE:SHCO) shares rose 6.48% to $6.4. The company's market cap stands at $1.2 billion. The company's, Q4 earnings came out 2 days ago. NWTN (NASDAQ:NWTN) shares increased by 6.31% to $4.21. The company's market cap stands at $1.2 billion. GAN (NASDAQ:GAN) shares moved upwards by 4.68% to $1.34. The market value of their outstanding shares is at $60.4 million. As per the news, the Q4 earnings report came out 4 days ago. Forza X1 (NASDAQ:FRZA) shares increased by 4.65% to $0.48. The company's mar
GAN (NASDAQ:GAN) reported its Q4 earnings results on Wednesday, March 13, 2024 at 06:00 AM. Here's what investors need to know about the announcement. Earnings GAN missed estimated earnings by -40.0%, reporting an EPS of $-0.21 versus an estimate of $-0.15. Revenue was down $6.23 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.02 which was followed by a 0.0% increase in the share price the next day. Here's a look at GAN's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.20 -0.18 -0.18 -0.12 EPS Actual -0.18 -0.22 0.03 -0.24 Revenue Estimate 32.69M 34.79M 37.66M 36.88M Revenue Actual 29.82M 33.7
GAN (NASDAQ:GAN) reported quarterly losses of $(0.21) per share which missed the analyst consensus estimate of $(0.15) by 40 percent. This is a 12.5 percent increase over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $30.71 million which missed the analyst consensus estimate of $34.42 million by 10.76 percent. This is a 16.87 percent decrease over sales of $36.95 million the same period last year.
Mr. McGill had previously been serving in an interim capacityGAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Seamus McGill has recently been named the Company's Chief Executive Officer. Mr. McGill had previously been serving in an interim capacity.Mr. McGill's will remain on the Company's board of directors and will be focused on guiding the Company towards a timely closing with Sega Sammy Creation, Inc."Seamus has the full backing of the board of directors and we are confident that his experience and leaders
GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that, at a special general meeting of its shareholders held on February 13, 2024, GAN shareholders overwhelmingly approved the previously announced merger agreement and merger of GAN and a subsidiary of SEGA SAMMY CREATION INC. ("SSC"), an affiliate of SEGA SAMMY HOLDINGS INC. ("SEGA SAMMY HOLDINGS"). Over 95% of the votes cast voted in favor of the approval of the merger agreement and the merger. Approximately 51% of GAN's issued ordinary shares as of the close of busi
Macquarie downgraded GAN Limited from Outperform to Neutral
Northland Capital downgraded GAN Limited from Outperform to Market Perform
Jefferies initiated coverage of GAN Limited with a rating of Buy and set a new price target of $21.00
B. Riley Securities resumed coverage of GAN Limited with a rating of Buy and set a new price target of $26.00
Craig Hallum downgraded GAN Limited from Buy to Hold and set a new price target of $20.00
B. Riley reiterated coverage of GAN with a rating of and set a new price target of $35.00 from $27.00 previously
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Strong profitability improvement driven by B2B revenues and continued cost rationalization Planned Merger with SEGASAMMY now expected to close in early 2025 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the third quarter ended September 30, 2024. Seamus McGill, GAN's Chief Executive Officer, said, "I couldn't be more pleased with the progress our team members have made to deliver revenue growth while concurrently lowering our cost structure. Our top-line growth of 24% compared
Growth in B2B revenues coupled with continued cost rationalization leads to improved results Expected timeline for completion of merger with SEGASAMMY remains on track for late 2024 or early 2025 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the second quarter ended June 30, 2024. Seamus McGill, GAN's Chief Executive Officer, said, "I'm very pleased with the continued operational progress the team is delivering. We achieved top-line revenue growth in the second quarter while
Growth in B2B revenues and reduced operating expenses offset by unfavorable B2C sports margin Merger with SegaSammy remains on track to close in Late 2024 or Early 2025 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the first quarter ended March 31, 2024. "Our first quarter saw strong B2B revenue growth of nearly 10% as well as successful ongoing cost initiatives to reduce our overall operating expenses by 20%," commented Seamus McGill, GAN's Chief Executive Officer. "Our B2C
GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it will release financial results for the first quarter ended March 31, 2024, after market close on Thursday, May 9, 2024. Due to the previously announced merger agreement and merger of GAN and a subsidiary of SEGA SAMMY CREATION INC., the Company does not plan to host a conference call. About GAN Limited GAN is a leading business-to-business supplier of internet gaming software-as-a-service solutions predominantly to the U.S. land-based casino industry. Coolbe
Following Shareholder Approval of Merger with Sega Sammy Holdings, the Company Expects Completion of Transaction in Late 2024 or Early 2025 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Compared to Fourth Quarter 2022 Total revenue of $30.7 million decreased 17%, or $6.2 million, compared to the prior year quarter. B2B segment revenue was $11.8 million versus $14.1 million. The decrease was primarily drive
Successful deployment of GAN Sports continues now live in 9 states Company continues evaluation of strategic alternatives GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the quarter ended June 30, 2023. Dermot Smurfit, CEO of GAN stated: "Our second quarter saw solid execution and progression of our business plan. We continued to see strength in international markets for B2C, expanded our roll-out of GAN Sports, and made significant progress on the new GameSTACK 2.0 version
Balance sheet actions strengthening financial position as strategic review process continues to progress B2C active customers, deposits and turnover remain strong and continue to grow B2B Gross Operator Revenue increases over 40% versus prior year quarter GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the quarter ended March 31, 2023. Dermot Smurfit, CEO of GAN stated: "Our first quarter showed another strong quarter of underlying KPIs for both our B2B and B2C businesses
GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it will release financial results for the first quarter ended March 31, 2023, after market close on Wednesday, May 10, 2023. The Company will host a conference call to discuss these financial results at 4:30 PM ET that same day. Conference Call Details Date/Time: Wednesday, May 10, 2023, at 4:30 PM ET Webcast: https://www.webcast-eqs.com/ganlimited20230510 U.S. Toll-Free Dial In: (888) 437-3179 Internati
Full year revenue increased 14% driven by strong growth in both B2B and B2C segments B2B gross operator revenue and B2C sports margin, number of active customers remain strong and growing Announces strategic review to evaluate a range of options to maximize shareholder value GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the quarter and year ended December 31, 2022. Dermot Smurfit, CEO of GAN, stated: "Our fourth quarter continued to show strong B2C KPIs as we grew active cus
GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2022, after market close on Thursday, March 30, 2023. The Company will host a conference call to discuss these financial results at 4:30 PM ET that same day. Conference Call Details Date/Time: Thursday, March 30, 2023, at 4:30 PM ET Webcast: https://www.webcast-eqs.com/ganlimited20230330 U.S. Toll-Free Dial In: 877-407-0989 International Dial In:
Strong profitability improvement driven by B2B revenues and continued cost rationalization Planned Merger with SEGASAMMY now expected to close in early 2025 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the third quarter ended September 30, 2024. Seamus McGill, GAN's Chief Executive Officer, said, "I couldn't be more pleased with the progress our team members have made to deliver revenue growth while concurrently lowering our cost structure. Our top-line growth of 24% compared
Merger with SEGA SAMMY remains on track to close in late 2024 or early 2025 GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading international B2C operator of Internet sports betting, today announced that it has received approval from the Nevada Gaming Commission (NGC) for the merger of GAN and a subsidiary of SEGA SAMMY CREATION INC. ("SSC"), an affiliate of SEGA SAMMY HOLDINGS INC. ("SEGA SAMMY HOLDINGS"). The closing of the merger remains subject to other customary closing conditions including additional gaming regulatory approvals, and is expected to occur in late 2024 or early 2025.
Growth in B2B revenues coupled with continued cost rationalization leads to improved results Expected timeline for completion of merger with SEGASAMMY remains on track for late 2024 or early 2025 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the second quarter ended June 30, 2024. Seamus McGill, GAN's Chief Executive Officer, said, "I'm very pleased with the continued operational progress the team is delivering. We achieved top-line revenue growth in the second quarter while
GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for the proposed merger of GAN and a subsidiary of SEGA SAMMY CREATION INC. ("SSC"), an affiliate of SEGA SAMMY HOLDINGS INC. ("SEGA SAMMY HOLDINGS"). The closing of the merger is also subject to approval of the merger and change in control of GAN by certain gaming authorities. The closing of the merger remains subject to other customary closing conditions, and is expe
Growth in B2B revenues and reduced operating expenses offset by unfavorable B2C sports margin Merger with SegaSammy remains on track to close in Late 2024 or Early 2025 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the first quarter ended March 31, 2024. "Our first quarter saw strong B2B revenue growth of nearly 10% as well as successful ongoing cost initiatives to reduce our overall operating expenses by 20%," commented Seamus McGill, GAN's Chief Executive Officer. "Our B2C
GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it will release financial results for the first quarter ended March 31, 2024, after market close on Thursday, May 9, 2024. Due to the previously announced merger agreement and merger of GAN and a subsidiary of SEGA SAMMY CREATION INC., the Company does not plan to host a conference call. About GAN Limited GAN is a leading business-to-business supplier of internet gaming software-as-a-service solutions predominantly to the U.S. land-based casino industry. Coolbe
Mr. Chang had previously been serving in an interim capacity GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Brian Chang has recently been named the Company's Chief Financial Officer. Mr. Chang had previously been serving in an interim capacity. Mr. Chang will be focused on guiding the Company towards a timely closing with Sega Sammy Creation, Inc. ("Sega Sammy"). "I'd like to congratulate Brian on his appointment to permanently lead our finance team. Brian has proven his financial acumen having served
Following Shareholder Approval of Merger with Sega Sammy Holdings, the Company Expects Completion of Transaction in Late 2024 or Early 2025 GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Compared to Fourth Quarter 2022 Total revenue of $30.7 million decreased 17%, or $6.2 million, compared to the prior year quarter. B2B segment revenue was $11.8 million versus $14.1 million. The decrease was primarily drive
Mr. McGill had previously been serving in an interim capacity GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Seamus McGill has recently been named the Company's Chief Executive Officer. Mr. McGill had previously been serving in an interim capacity. Mr. McGill's will remain on the Company's board of directors and will be focused on guiding the Company towards a timely closing with Sega Sammy Creation, Inc. "Seamus has the full backing of the board of directors and we are confident that his experience a
GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that, at a special general meeting of its shareholders held on February 13, 2024, GAN shareholders overwhelmingly approved the previously announced merger agreement and merger of GAN and a subsidiary of SEGA SAMMY CREATION INC. ("SSC"), an affiliate of SEGA SAMMY HOLDINGS INC. ("SEGA SAMMY HOLDINGS"). Over 95% of the votes cast voted in favor of the approval of the merger agreement and the merger. Approximately 51% of GAN's issued ordinary shares as of the close of bu
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Mr. Chang had previously been serving in an interim capacity GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Brian Chang has recently been named the Company's Chief Financial Officer. Mr. Chang had previously been serving in an interim capacity. Mr. Chang will be focused on guiding the Company towards a timely closing with Sega Sammy Creation, Inc. ("Sega Sammy"). "I'd like to congratulate Brian on his appointment to permanently lead our finance team. Brian has proven his financial acumen having served
Mr. McGill had previously been serving in an interim capacity GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Seamus McGill has recently been named the Company's Chief Executive Officer. Mr. McGill had previously been serving in an interim capacity. Mr. McGill's will remain on the Company's board of directors and will be focused on guiding the Company towards a timely closing with Sega Sammy Creation, Inc. "Seamus has the full backing of the board of directors and we are confident that his experience a
Shareholders are encouraged to vote FOR the proposed merger agreement with Sega Sammy Creation, Inc. GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reminded its shareholders to vote in favor of the previously announced merger with a subsidiary of SEGA SAMMY CREATION INC., ("SSC"), an affiliate of SEGA SAMMY HOLDINGS, INC. ("SEGA SAMMY") at the upcoming special meeting of shareholders. How to Vote The meeting will take place on Tuesday, February 13, 2024 at 10:00 AM Pacific Time and will be held in a virtual format via l
Seamus McGill will step down as Chairman of the Board, David Goldberg to assume Chairman role Company announces the appointment of David D. Ross to its Board of Directors Michael Smurfit to step down from Board of Directors at year end GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced changes to its Board of Directors and accompanying committees. Mr. Seamus McGill will step down from his role as Chairman of the Board, while continuing in his role as interim CEO and will be focused on guiding the company towards
Board member and industry veteran, Seamus McGill, appointed Interim Chief Executive Officer GAN Limited (the "Company" or "GAN") (NASDAQ:GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, announced that its Board of Directors has accepted the resignation of Dermot Smurfit from his position as the Company's Chief Executive Officer and as a director of the Company and its operating subsidiaries. The Company and Mr. Smurfit are evaluating a consulting arrangement for Mr. Smurfit, who remains a substantial stockholder in the Company. The Company has appointed Seamus McGill, its c
Green brings independent leadership to the board, with deep capital markets and gaming sector expertise GAN Limited (NASDAQ:GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced the appointment of Eric J. Green to its Board of Directors. Mr. Green's appointment to GAN's board brings deep investment management and public company gaming expertise, as well as new independent leadership. "We are constantly evaluating our Board structure to ensure that we have the right leadership to support our strategic initiatives. Consistent with that missio
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, today announced that it has appointed Susan Bracey to its Board of Directors (the “Board”), effectively immediately. Ms. Bracey brings extensive finance experience in the technology, media, and entertainment industries, having held C-suite level and executive positions in both publicly and privately held companies. She will serve on GAN’s Board as an independent director. Dermot Smurfit, Director and CEO of GAN, commented: “We are excited
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, today announced the appointment of Robert Shore as Vice President of Investor Relations & Capital Markets. Shore joins the company with more than 15 years of experience in corporate finance, investor relations, and Wall Street research. He was recognized by Institutional Investor magazine the past two years as a top investor relations executive. In the newly created role, Shore will lead GAN’s investor relations and capital markets effort