No insider purchase over the last 90 days. The latest was filed 24 Aug 2022.
This page follows insider dealings at GAN Ltd as filed with SEC (Form 4), a company from the Media & Communication sector. GAN Ltd has had no insider filing for more than a year; the last one goes back to 27 May 2025.
Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
FY ended December 2024 · cache
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GAN Ltd is a U.S.-listed technology and software-services company traded on the NASDAQ under the ticker GAN. The company’s operating footprint is centered in the United States, with its corporate and operational base in Irvine, California and a strong commercial linkage to Las Vegas, Nevada. GAN developed as a specialist provider of SaaS solutions for the regulated gaming industry, serving land-based casino operators that want to extend their brands into digital channels.
GAN’s core business revolves around proprietary platforms built for online gaming operators. Its best-known product suite includes GameSTACK, an enterprise software platform designed to support iGaming, online sports betting, and simulated gaming experiences. In practical terms, that means GAN provides the technology layer that helps casinos and gaming operators launch, manage, and monetize digital products across web and mobile. The company has also emphasized content distribution, platform integrations, and licensing arrangements as part of its broader product offering. This positions GAN more as a B2B infrastructure and enablement provider than as a pure content studio or consumer-facing gaming brand.
From a competitive standpoint, GAN operates in a crowded and fast-moving market where scale, regulatory execution, product reliability, and operator relationships matter greatly. Its differentiated angle has been the ability to offer an integrated solution for casino operators, combining digital gaming technology, player conversion tools, and loyalty-driven convergence with physical casino ecosystems. Historically, the company has targeted the U.S. regulated gaming opportunity while also maintaining some international exposure through selected products and partnerships. Relative to larger peers, GAN is a narrower and more specialized platform business, which can be an advantage in focus but also increases dependence on a limited number of customers and market opportunities.
Recent company updates have continued to center on platform deployments, partner relationships, and corporate governance activity visible through SEC filings, including Form 4 insider transaction reports. For investors in France, Belgium, and Switzerland, GAN should be viewed as a U.S. small-cap gaming technology name, exposed to the long-term expansion of regulated online gambling in the United States, but also to meaningful execution risk, competitive pressure, and regulatory sensitivity.
| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2024 | 135.0 m USD | -8.0 m USD | -0.18 USD | 10-K |
| Dec 2023 | 129.4 m USD | -34.4 m USD | -0.78 USD | 10-K |
| Dec 2022 | 141.5 m USD | -197.5 m USD | -4.66 USD | 10-K |
| Dec 2021 | 124.2 m USD | -30.6 m USD | n.d. | 10-K |
| Dec 2020 | 35.2 m USD | -20.2 m USD | n.d. | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.