GAN Limited Ordinary Shares - GAN STOCK NEWS

GAN Limited (NASDAQ: GAN) has entered into an agreement with Ainsworth Game Technology (ASX: AGI) for exclusive online rights to over 70 current and future Ainsworth games. This strategic partnership aims to enhance GAN's content acquisition strategy, targeting the U.S. iGaming market. By leveraging recognized retail gaming content, GAN plans to boost its earnings through online licensing fees starting in New Jersey, and expanding to Michigan and Pennsylvania in 2021. The deal positions GAN to strengthen its position in the competitive iGaming industry and ensure exclusive access to a growing online casino games portfolio.

GAN Limited (NASDAQ: GAN) reported strong financial results for Q1 2021, with total revenues soaring to $27.8 million, a remarkable 263% increase year-over-year. This growth was fueled by a $14.3 million contribution from the Coolbet acquisition, alongside a 76% rise in B2B revenues. However, the company faced a net loss of $4.5 million due to increased costs associated with the acquisition and ongoing operational expenses. As of March 31, 2021, GAN held $52.2 million in cash, down from $152.7 million at year-end 2020.

GAN Limited (NASDAQ: GAN) will announce its financial results for Q1 2021 on May 17, 2021, after market close. Following the release, a conference call will be held at 4:30 PM EST to discuss the results. Investors can join the call through a U.S. toll-free number (877) 407-0989 or international dial-in (201) 389-0921. GAN serves the U.S. land-based casino sector with its GameSTACK™ software, providing a complete suite for real money internet gambling and sports betting.

GAN Limited (NASDAQ: GAN) successfully transitioned Churchill Downs Incorporated's TwinSpires sports betting and iGaming operations onto its platform in Pennsylvania and Indiana. The launch of mobile sports betting in Colorado marks the brand's entry into five states. This migration showcases GAN's capabilities in managing complex transitions efficiently. With the upcoming Kentucky Derby, TwinSpires is poised for growth, leveraging their strong brand across multiple states. GAN continues to support TwinSpires with its advanced player account management and gaming technology.

GAN Limited (NASDAQ: GAN) announced the appointment of Robert Shore as the new Vice President of Investor Relations & Capital Markets. With over 15 years in corporate finance and investor relations, Shore aims to enhance GAN's visibility in the fast-growing digital gaming market. His previous role at Scientific Games involved significant financing transactions and an IPO. CEO Dermot Smurfit expressed confidence in Shore's industry experience to accelerate the company's strategic engagement with investors.

GAN Limited (NASDAQ: GAN) reported a 17% increase in total revenue for 2020, reaching $35.2 million, driven by a 73% growth in Gross Operator Revenue (GOR) to $545 million. The company launched six new client partnerships and made a strategic acquisition of Coolbet. Despite a net loss of $20.2 million due to increased expenses, GAN expects revenue for 2021 to rise to between $100 million and $105 million. The first quarter is projected to generate $24-$25 million in revenue, indicating strong growth momentum.

GAN Limited (NASDAQ: GAN) announced a partnership with Gila River Gaming Enterprises to provide Simulated Gaming solutions across its properties. This agreement will enhance the player experience through a customized platform on both mobile and desktop, which includes marketing support and customer services. Gila River operates three casinos in Arizona, and GAN's technology aims to improve player engagement and revenue opportunities. The new platform features advanced applications and loyalty linking, showcasing GAN's leading position in the simulated gaming industry.

GAN Limited (NASDAQ: GAN), a premier internet gaming software provider, will release its financial results for Q4 and full-year 2020 on March 25, 2021, after market close. This release marks its transition from a foreign private issuer to a U.S. domestic filer. A conference call to discuss these results will take place at 4:30 PM EST on the same day. Investors can access the call via U.S. toll-free number (877) 407-0989 or internationally at (201) 389-0921. An accompanying slide presentation will also be available on the Company’s website.

GAN Limited (NASDAQ: GAN) achieved a record-breaking 14.6 million settled online bets during Super Bowl LV, a 186% increase compared to last year. They also secured a 10-year licensing agreement with Parx Casino for their iBridge integration framework, worth $3 million. This deal reflects the value of GAN's intellectual property at approximately $75 per reward card. The company highlights its strong financial momentum and the ability to generate 160% more Gross Gaming Revenue for customers linking loyalty cards to online accounts, indicating a robust market position.