GAN Limited Ordinary Shares - GAN STOCK NEWS

GAN Limited (NASDAQ: GAN) will release its financial results for Q4 and the full year ending December 31, 2022, on March 30, 2023, after market close. A conference call to discuss these results is scheduled for 4:30 PM ET on the same day. Investors can access the call via a toll-free number or internationally, with a PDF presentation available on the company’s website. GAN specializes in B2B technology solutions for real money internet gaming and operates the Coolbet brand for online sports betting in select markets. For more information, visit www.GAN.com.

GAN Limited (NASDAQ: GAN) has successfully launched its B2B sports betting technology at WynnBET Sportsbook, located at Encore Boston Harbor in Massachusetts. This marks GAN's second sports deployment in the U.S. The venue features over-the-counter wagering windows and 120 self-service kiosks, making it the largest installation of its kind in the country. The launch took place on January 31, 2023, with notable guest appearances. GAN's sportsbook technology is built on Coolbet technology and is designed to support the growing regulated gambling market in the U.S.

GAN Limited has launched its sports betting and iGaming platform, Coolbet, in the regulated Mexican market, marking the company's tenth operational jurisdiction.

The launch begins on January 16, through a partnership with a licensed local entity, which will enable Coolbet to offer tailored betting services. Initial expectations indicate modest investment and revenue as the company acclimatizes to the market. The Coolbet platform will feature local sports events, including the 2023 Mexico Open and Formula 1, supported by targeted marketing initiatives.

President Endre Nesset emphasizes a cautious growth approach, focusing on brand awareness through social media and local partnerships.

GAN Limited (NASDAQ: GAN) has announced an exclusive national partnership with WynnBET to enhance its sports betting operations across the U.S. This partnership will utilize GAN Sports technology for online sportsbooks, starting with the WynnBET Sportsbook at Encore Boston Harbor in Massachusetts, set to launch in early 2023. GAN aims to expand its reach in iGaming states through the Super RGS content aggregation delivery system, reinforcing its position in the U.S. iGaming market and promising future growth opportunities.

GAN Limited (NASDAQ: GAN) has announced the resignation of Chief Financial Officer Karen E. Flores, effective November 25, 2022. Brian Chang, the Senior Vice President and Corporate Controller, will serve as the interim CFO while the search for a permanent replacement is underway. CEO Dermot Smurfit acknowledged Flores' contributions to the company's growth, especially during its transition to a U.S. public entity and the acquisition of Coolbet. GAN continues to provide innovative gaming solutions in the B2B and B2C sectors.

GAN Limited (NASDAQ: GAN) has reported its unaudited financial results for Q3 2022, showing total revenues of $32.1 million, consistent with the previous year. B2B revenues rose 14% to $12.7 million, driven by platform growth. However, B2C revenues fell to $19.4 million, reflecting foreign currency fluctuations. Active customers surged 31% year-over-year. The net loss decreased to $6.9 million from $8.7 million, with adjusted EBITDA improving to $2.1 million. The company is focused on cost rationalization and anticipates challenges from the foreign exchange environment and European market headwinds.

GAN Limited (NASDAQ: GAN) has appointed Eric J. Green to its Board of Directors, enhancing its leadership with significant capital markets and gaming sector experience. Green, with over 25 years in investment management, currently serves as Chief Investment Officer at Penn Capital, managing approximately $2 billion in assets. His expertise is expected to support GAN's strategy to become a premier B2B technology provider in the U.S. gaming industry. The company focuses on internet gambling software solutions and has developed GameSTACK™, which licenses to U.S. casino operators.

GAN Limited (NASDAQ: GAN) will release its financial results for Q3 2022 on November 14, 2022, after market close. A conference call to discuss these results is scheduled for 4:30 PM ET on the same day, with dial-in options available for U.S. and international participants. GAN is a leader in B2B technology for real money internet gaming and operates the Coolbet brand in sports betting. The company provides its clients with the GameSTACK™ software system, facilitating internet gaming and virtual gaming solutions.

GAN Limited has launched GAN Sports for Island View Casino in Gulfport, Mississippi, marking its first U.S. deployment since acquiring COOLBET in 2021. The launch occurred on September 27, 2022, featuring twenty kiosks and a mobile sportsbook, enabling omnichannel betting. GAN aims to enhance its B2B revenues from U.S. sports betting through innovative technology and strategic partnerships. The company anticipates a significant financial contribution from this high-margin segment, aligning with its growth strategy.