Sega Sammy to Close Its Acquisition of GAN on May 27

Sega Sammy published an update on its acquisition of GAN Limited, announcing that it is on track to satisfy the conditions necessary to proceed with the deal. Although Sega Sammy confirmed that the deal would affect its financial report for the year, it has yet to estimate the impact.

Sega Sammy Hopes to Close the Deal Within a Week

In an official release published on May 20, 2025, Sega Sammy announced that it has been proceeding with its planned acquisition of GAN Limited, a Bermuda-based company listed on the Nasdaq.

GAN Limited is a leader in North American B2B online gaming and would be an important asset to Sega Sammy once the transaction is complete. The latter company has put forward approximately $95.8 million for the acquisition.

In its latest announcement, Sega Sammy said that all conditions necessary for completing the deal are expected to be satisfied on May 22, 2025. Once that happens, Sega Sammy hopes to close the deal on May 27, 2025, turning GAN into its latest subsidiary.

Sega Sammy confirmed that the deal would have an effect on its financial report for 2025 but the impact is still under estimation. The company said that it would make a separate announcement at an appropriate time.

Sega Sammy Secured Regulatory Approvals

Sega Sammy set out to acquire GAN Limited in November 2023 in what has now been a lengthy transaction. In 2024, Sega Sammy’s takeover was greenlit by the Nevada Gaming Control Board and forwarded to the Nevada Gaming Commission for final approval.

This came several months after GAN’s shareholders gave the thumbs up to the merger.

Sega Sammy Was Ordered to Complete Its Acquisition of Stakelogic

Speaking of acquisitions, Sega Sammy was recently ordered to proceed with its €130 million ($147.25 million) acquisition of Dutch game developer Stakelogic. This order came shortly after the Japanese gaming giant considered canceling the deal due to regulatory concerns.

Although the two parties were initially pleased with the agreement, Sega Sammy attempted to withdraw from the arrangement, citing Stakelogic’s alleged violations of Japanese and Turkish gambling regulations. The court, however, disagreed with this reasoning.

In other news, Sega Sammy Holdings just released its financial report for FY 2024/25, highlighting varied outcomes across its business units.