So it turns out that the Founding Fathers didn't just like powdered wigs, flintlock muskets and, ahem.. "alternative employment models".
The Supreme Court decided last year they were also permissive of gambling: which means American sports finally have a purpose.
Until now, you may have thought that US sports were simply something that happened in the background whilst food was eaten, endless statistics generated and astronomical scorelines totted up on the board with dead-eyed, stultifying and metronomic regularity.
But don't worry, that won't change. In fact, it's probably to the sports' benefit, given there's so much minutiae upon which to gamble.
ft.com/content/d93550…
I mention this apropos of a VIC thread, over two years old, which has the entry-level-Patagonia bros rather excited.
And this one comment caught my eye in particular
(Also, why is it always "we"?)
The company is #GAN - also called GAN in real life - and lives on AIM, where no American shall pass. It's supposed to relist on the NASDAQ.
You'd think it might find a good reception there..
For anyone interested in GAN, I'd recommend this excellent explainer from @icebergdevalor (and h/t to @RodriGo_ethe) for flagging it up to me:
A good writeup on Kambi can be found here:
rgaia.com/wp-content/upl…
@icebergdevalor @RodriGo_ethe The #GAN trading update 3 days ago was 415 words long.
UK investors read slowly.
@icebergdevalor @RodriGo_ethe #GAN Appoints B. Riley FBR to lead U.S. Listing
investegate.co.uk/gan-plc--gan-/…
@icebergdevalor @RodriGo_ethe The KPIs from #GAN remind me of what happened with Match ; the key is the second from last line - Tinder was growing strongly enough but it was when ARPU came to life that the stock took off.
A 50% rise in spend whilst onboarding 4.3M presumably green clients? Not bad..
@icebergdevalor @RodriGo_ethe The US purchased Alaska from the Russian Empire for $7M, the Virgin Islands from Denmark for $25M and the French took $15M for the Louisiana purchase. After today's update from #GAN and the dozy share price reaction, the US is about to find itself with another very cheap present.
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