Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  GAN PLC    GAN   GB00BGCC6189

News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

GAN : Outlook Positive As Second Half Of 2016 Meets Expectations

share with twitter share with LinkedIn share with facebook
share via e-mail
01/10/2017 | 11:27am CET

LONDON (Alliance News) - GAN PLC on Tuesday said it performed in line with expectations in the second half of 2016 and has entered 2017 with a positive outlook.

The gaming software and content supplier, formerly known as GameAccount Network, said cost management and favourable movements in foreign exchange rates helped it to generate positive clean earnings before interest, tax, depreciation and amortisation in the fourth quarter of 2016.

In its real-money Regulated Gaming business, GAN continued to enjoy favourable market conditions in New Jersey where it performed strongly in 2016, the company said, while net revenue growth in Italy continued in the second half as it benefited from a seasonally strong fourth quarter.

Meanwhile, GAN's US-facing Simulated Gaming business continued to benefit from the launch of major new casino operator clients in the second half, GAN said. GAN anticipates operating Simulated Gaming for 12 major US casinos by the end of the first half of 2017.

On a more negative note, GAN said it will no longer be servicing Borgata Hotel Casino & Spa's real-money Regulated Gaming business, after Borgata failed to meet certain conditions as a result of "third-party circumstances". GAN said it remains in commercial discussions with Borgata regarding other opportunities to participate in its Regulated Gaming business.

GAN will, however, continue working on the launch of Borgata's Simulated Gaming online business, which is expected to occur in the first quarter of 2017.

GAN added that further cost management actions and the expansion of engineering resources into the lower cost Bulgarian market will deliver positive financial benefits in 2017.

The company will release its full-year results on April 26.

Shares in GAN were trading up 1.4% at 36.00 pence on Tuesday morning.

Copyright 2017 Alliance News Limited. All Rights Reserved., source Alliance News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on GAN PLC
01/10 GAN : Outlook Positive As Second Half Of 2016 Meets Expectations
2016 GAN : Launches Simulated Gaming For Twin River Casino In Rhode Island
2016 02/12/16 : GAN launches Simulated Gaming™ for Twin River
2016 11/11/16 : GAN launches Simulated Gaming™ for JACK Entertainment.
2016 GAN : Launches Simulated Gaming For Eighth Client JACK Entertainment
2016 06/10/16 : GAN Profile Series | Game Engineer
2016 GAN : Loss Narrows As Revenue Boosted By Client Wins In First Half
2016GAN PLC : half-yearly earnings release
2016 GAN : Says Previously-Announced US Partnership Is With Station Casinos
2016 20/09/16 : Half Year Results Announcement Date
More news
Sector news : Enterprise Software
01/13DJMICROSOFT : Acquires Artificial-Intelligence Startup Maluuba
01/12DJMICROSOFT : New Privacy Dashboard Lets You Delete Personal Data
01/10 EXCLUSIVE : China's ZTE to slash about 3,000 jobs - sources
01/08 Automakers, suppliers team up to share costs of self-driving cars
01/06DJSAP : 4Q 2016 -- Forecast
More sector news : Enterprise Software
Financials ( GBP)
Sales 2015 6,00 M
EBIT 2015 -5,10 M
Net income 2015 -
Finance 2015 3,90 M
Yield 2015 -
P/E ratio 2015 -
P/E ratio 2016
EV / Sales 2015 3,55x
EV / Sales 2016 2,65x
Capitalization 25,2 M
More Financials
Duration : Period :
GAN PLC Technical Analysis Chart | GAN | GB00BGCC6189 | 4-Traders
Full-screen chart
Technical analysis trends GAN PLC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 1
Average target price -
Spread / Average Target -100%
Consensus details
EPS Revisions
More Estimates Revisions
Dermot Stopford Smurfit Chief Executive Officer & Executive Director
David Herbert O'Reilly Non-Executive Chairman
Simon Knock Chief Operating Officer
Desmond Glass CFO, Secretary & Executive Director
Michael William Joseph Smurfit Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GAN PLC0.00%31
SAP SE1.65%110 033
INTUIT INC.2.17%30 056
SERVICENOW INC12.36%13 741
More Results