GAN: The Forgotten Horse In Online Gambling
Updated
GAN is a provider of software for online and mobile gambling. They recently just expanded their portfolio of software from just backend software (regulatory reporting, payment services, location verification, player identify validation, account registration ECT.) to consumer facing software with the acquisition of CoolBet (streaming, betting data, betting odds ect.)
With strong partnerships with Penn National, Fanduel and William Hill they are positioning themselves with industry leaders and proving their software is the best in the industry. Soon I believe GAN will gain more customers and continue to expand the products they offer. GAN is overlooked by Wall Street because of the size but it is my favorite way to play to rolling legalization of sports gambling.
Technically, it broke out of it's recent trading range and downward trend line. It has since been making a nice move to the upside, and I believe will retest it's ATHs and make a break to the high 30s over the next 4 months.
With strong partnerships with Penn National, Fanduel and William Hill they are positioning themselves with industry leaders and proving their software is the best in the industry. Soon I believe GAN will gain more customers and continue to expand the products they offer. GAN is overlooked by Wall Street because of the size but it is my favorite way to play to rolling legalization of sports gambling.
Technically, it broke out of it's recent trading range and downward trend line. It has since been making a nice move to the upside, and I believe will retest it's ATHs and make a break to the high 30s over the next 4 months.
Note
Healthy move since this note, Would still be a buyer at these levels if you have not entered the name. Still Targeting $33Note
Nice pullback over the last week followed by a nice recovery. Would enter the name now if you have not entered the name yet.
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