GAN - GameAccount Network

[Steven B]

Huge runway for growth and has done quite well since uplisting.

The real question is whether FanDuel will stick with them long term. Ask most investors and they'll tell you absolutely yes. Ask most people who work in the industry and they'll tell you that there is a very good chance they won't.

So far the bulls have won although I know quite a few who have cashed their chips in during the run up.

[misterkrusty]

Just curious who you've spoken with in the industry regarding FanDuel.  Did they say FD would take this in-house?  Did they say when?  Thanks

[Steven B]

No timeline but people seem to think so

[EricSchleien]

No timeline but people seem to think so

See Sahara's thread.

https://twitter.com/EricSchleien/status/1267874099788996615?s=20

[Steven B]

Good points from Sahara and there's definitely a chance it goes down like that. But there's no doubt in my mind that FD will absolutely proactively reevaluate other options/ in house solutions for parts/all of the GAN offering. So the question becomes what % do you put on them actually moving away at least part of their business, if not all?

[EricSchleien]

Growth numbers out for iGaming Market in NJ today for the month of May-

Total market +124% YoY and +7.5% MoM

Golden Nugget license (of which FanDuel is the biggest part) +106% YoY and +5.1% MoM

DraftKings +121% YoY and +9.6% MoM

[EricSchleien]

Really good interview

https://blog.inpractise.com/us-sports-online-casino/?utm_source=twittoblog&utm_medium=organic&utm_campaign=fanduelbough

[valueinvestor]

Down 13% AfterMarket

Looks like I can pick up some more - not sure why the sell off.

[A Dhandho Investor]

Down 13% AfterMarket

Looks like I can pick up some more - not sure why the sell off.

I guess because they lost the Fanduel account:

The pandemic continues to create some uncertainty around sports gaming for the balance of 2020. In addition, FanDuel deployed their proprietary digital wallet for its sports gaming business, and therefore GAN does not anticipate sports gaming revenues from FanDuel after August 31, 2020.

[EricSchleien]

Down 13% AfterMarket

Looks like I can pick up some more - not sure why the sell off.

I guess because they lost the Fanduel account:

The pandemic continues to create some uncertainty around sports gaming for the balance of 2020. In addition, FanDuel deployed their proprietary digital wallet for its sports gaming business, and therefore GAN does not anticipate sports gaming revenues from FanDuel after August 31, 2020.

This was already most likely going to happen anyway. They did not lose the FanDuel account, just the sports betting which is a very small part of the business. Guidance is still on track for the year and they aren't even including Michigan in their guidance which is a high probability event.

Management discusses more detail RE: FanDuel as well as an analyst asked a question about it.