More gaming stocks announced buyback plans in the past nine months than in any comparable period in 10+ years,\u201d says Roth Capital analyst Edward Engel in a note to clients last month. \u201cAmong US-listed companies, 12 gaming operators\/suppliers authorized repurchase plans since August 2021, including a flurry of announcements this month.\u201d<\/p><\/blockquote>\n
The key is whether or not companies will execute buybacks with share prices currently depressed. Repurchase programs aren\u2019t binding, meaning firms don\u2019t have to deliver on the announcements. Historical data confirm that, regardless of industry, corporations typically reduce buybacks in bear markets and times of economic duress.<\/p>\n","protected":false},"excerpt":{"rendered":"
GAN Ltd. (NASDAQ:GAN) announced today it is extending a previously announced $5 million share repurchase program. The move potentially provides some relief to its badly battered shares. The gaming technology provider said it\u2019s pushing the deadline of the previously announced buyback plan to Nov. 30. The shares will be repurchased with cash on hand and […]<\/p>\n","protected":false},"author":46,"featured_media":217124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,16693],"tags":[],"acf":[],"yoast_head":"\n
GAN Extends Buyback Deadline As Shares Swoon<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n