GAN Limited Ordinary Shares - GAN STOCK NEWS

GAN Limited has postponed its investor event originally set for October 4, 2021, in Las Vegas, due to two executive team members needing to quarantine per CDC guidelines. The remaining executives will still attend the G2E Global Gaming Expo for investor meetings. A new date for the virtual investor event will be announced in the coming weeks. GAN Limited provides software solutions for the real money internet gaming and online sports betting sectors, with proprietary technology such as GameSTACK™.

GAN Limited (NASDAQ: GAN), a top provider of internet gaming software, will host an investor event at the Venetian Resort in Las Vegas on October 4, 2021, at 1:30 PM EDT. The event aims to discuss the company's business opportunities and long-term outlook, with a live webcast available on their website for 90 days. Attendees can submit questions for the management team via email. This presentation will include forward-looking statements and address potential risks as outlined in their SEC filings.

GAN Limited (NASDAQ: GAN) has announced the promotion of Michael B. Arouh to Chief Legal Officer and Corporate Secretary, effective September 1, 2021. He succeeds Todd McTavish, who is resigning for personal reasons but will continue to consult for the company. Arouh has over 26 years of legal experience, previously serving as Deputy Chief Legal Officer and has extensive expertise in corporate law, governance, and internet gambling. CEO Dermot S. Smurfit praised Arouh's leadership qualities and legal knowledge as beneficial for GAN's growth.

GAN Limited (NASDAQ: GAN) reported strong financial results for Q2 2021, with total revenues reaching $34.6 million, a 24% increase from Q1, primarily driven by a 68% growth in the B2C segment. The company achieved a net loss of $2.7 million, an improvement from a $4.5 million loss in Q1. Adjusted EBITDA rose to $4.6 million. Following successful gaming launches and a positive performance in key markets, GAN raised its full-year revenue outlook to $125-$135 million. The cash position remains solid at $52.1 million.

GAN Limited (NASDAQ: GAN), a premier internet gambling software provider, will announce its Q2 financial results for the period ending June 30, 2021, after market close on August 16, 2021. Following the announcement, a conference call will be held at 4:30 PM EST to discuss the results and company outlook. Interested parties can access the call via toll-free U.S. dial-in or international numbers. GAN offers enterprise software solutions, including GameSTACK™, and operates the Coolbet online sports betting platform.

GAN Limited (NASDAQ: GAN) has entered a binding agreement with Treasure Island Hotel & Casino to develop a bespoke simulated gaming solution for its patrons. This system, powered by GAN's GameSTACK™ software, will enhance customer engagement through an integrated platform available on desktop and mobile. With Treasure Island being GAN's 18th B2B client in simulated gaming, this partnership aims to generate additional high-margin revenue and build online databases ahead of real-money gaming legislation. The new platform will also incorporate loyalty programs linked to Treasure Island's existing customer base.

GAN Limited (NASDAQ: GAN) has announced preliminary results for Q2 2021, projecting revenue between $34.0 million and $35.0 million, along with Adjusted EBITDA of $3.0 million to $7.0 million. These results were bolstered by strong performance in its Business-to-Consumer (B2C) segment, particularly from Coolbet in Latin America and Northern Europe. The company has also raised its full-year revenue guidance to $125 million to $135 million, improving margins from sports betting to 9.7%, compared to 6.8% in Q1. A detailed update is expected during the earnings call on August 16, 2021.

GAN Limited (NASDAQ: GAN) has secured an exclusive agreement with Incredible Technologies, Inc. to obtain rights to all current and future online games, expanding GAN's total to over 110 games. This partnership supports GAN's strategy to enhance its content acquisition, targeting both B2B Gross Operator Revenue and expanding its iGaming customer base. Incredible Technologies will distribute its game library exclusively through GAN's platform, further solidifying GAN's online offerings in the U.S. market, which represented about 7% of U.S. slot sales in 2020.

GAN Limited (NASDAQ: GAN) has appointed Susan Bracey to its Board of Directors, effective immediately. Bracey brings extensive financial experience from the technology, media, and entertainment sectors, having held executive roles in both private and public companies. GAN's CEO, Dermot Smurfit, expressed excitement about Bracey's involvement, anticipating her guidance will enhance the company's growth strategy in the online gaming market. Bracey aims to leverage her expertise to contribute positively to GAN's future growth and stakeholder value.