Risk of Maintaining or Losing a Nevada gaming license
First written in FY2018. 1 of 2 entries say "Worsened", first in FY2026. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「GAN and Stakelogic, as well as their subsidiaries, hold not only gaming equipment manufacturing and sales licenses in Nevada, but also licenses in multiple countries, states and other regions outside Nevada as suppliers, vendors and data providers, and as manufacturers and sellers of gaming equipment.」
Following the acquisition of the gaming business, the scope of the risk of maintaining or losing licenses expanded to GAN, Stakelogic and multiple regions. - FY2018First statedAnnual report
「If the company or any of its operating subsidiaries is determined to have violated Nevada regulations, the company's registration and the licenses of its operating subsidiaries may, pursuant to applicable legal and regulatory procedures, be restricted, made subject to conditions, suspended or revoked. In addition, if the company, its operating subsidiaries or related parties violate Nevada regulations, substantial fines may be imposed for each violation at the discretion of the Nevada Commission.」
The company specifies the possibility of restrictions, suspension, revocation and fines in the event of violations relating to Nevada licenses. It also describes regulations involving thresholds and deadlines, including reporting and suitability determinations when acquiring more than 5% or more than 10% of voting securities.