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Business
October 10, 2024
Another Nevada Regulator Greenlights Sega Sammy’s Takeover of GAN
GAN Limited, a leading B2B provider of online gambling solutions and B2C sportsbook operator has confirmed that its merger with Sega Sammy has inched closer to realization. According to the gambling company it has finally secured a license from the Nevada gaming regulator, allowing the deal to move forward. The Deal Moves Forward Sega Sammy […]
Business
September 12, 2024
Sega Sammy’s Acquisition of GAN Limited Approved by Nevada Regulator
The Nevada Gaming Control Board has given its first nod to Sega Sammy Creation’s buyout of GAN Limited, a big name in North American B2B online gaming. Sega Sammy’s $107.6 Million GAN Purchase to Go Before Nevada Gaming Commission The deal, which came to light in December 2023, will now go to the Nevada Gaming […]
Business
May 10, 2024
GAN Optimizes Operating Expenses in Q1 but Reports Revenue Decrease
The leading North American business-to-business (B2B) technology provider, delivering real money iGaming solutions and leading online betting operator, GAN, released its latest financial results Thursday. The company disclosed details regarding its financial performance for the first quarter of 2024 or the three months ended March 31, 2024. The recently released results, pointed to a decrease […]
Business
April 11, 2024
Sportingtech Taps GAN HR Expert as Chief People Officer
Sportingtech has reinforced its team with the addition of a new chief people officer. The one up to the task is Claire Bailiss, an experienced individual who has formerly worked for the American iGaming platform GAN. As the new chief people officer of the full-service betting and gaming platform provider, Bailiss will be tasked with […]
Business
April 3, 2024
GAN Gives Brian Chang the Position of Chief Financial Officer
NASDAQ-listed, leading business-to-business technology supplier of online gaming solutions and global business-to-consumer operator of online sports betting, GAN Limited, has announced the appointment of Brian Chang as the new chief financial officer. Chang, who has already served this position in an interim capacity, will mainly focus on guiding GAN’s steps toward a timely merger with […]
Business
March 14, 2024
GAN Limited’s 2023 Financial Report Shows a Year of Mixed Performance
GAN Limited, a NASDAQ-listed gaming solutions provider, announced its financial results for the quarter and full year ending December 31, 2023. Despite a decline in revenue, the company witnessed a reduction in net loss, reflecting a mixed performance for the year. Revenue Dips 17% with B2B and B2C Segments Showing Declines For the fourth quarter […]
Business
February 16, 2024
GAN Names Seamus McGill Permanent CEO amid Merger Talks
GAN, a major B2B technology provider of gaming solutions, decided to put its interim CEO, Seamus McGill, at the helm of the company, this time permanently. As the company’s new CEO, McGill will be tasked with overseeing the looming merger with Sega Sammy. McGill was named interim CEO in September 2023, succeeding Dermot Smurfit who […]
Business
February 14, 2024
GAN Shareholders Give the Thumbs Up to Sega Sammy Merger
Most GAN shareholders have approved the company’s looming acquisition by Sega Sammy. The deal, originally announced in August, will see the company’s B2B and B2C iGaming business acquired by the Japanese gaming powerhouse. As it turns out, 95% of the company’s shareholders support the merger. For reference, the latest shareholder meeting was attended by people […]
Sports
February 2, 2024
GAN Shareholder Up in Arms as Class-Action Lawsuit Filed
Zappia, who is a shareholder, is filing the lawsuit on behalf of multiple other investors, bringing a class-action lawsuit against the company. In his complaint, Zappia speaks about being “misled” by the company, including on specific matters that have established a “conflict of interest” and have been perceived as “material omissions.” Case to Be Viewed […]
Business
November 8, 2023
SEGA SAMMY CREATION to Acquire GAN Limited
SEGA SAMMY HOLDINGS INC. and its subsidiary SEGA SAMMY CREATION INC. (SSC) have announced they will enter a definitive and amicable agreement to acquire Nasdaq-listed GAN Limited. The Acquisition, to Close by Q3 Ending in March 2025 SEGA SAMMY’s investment strategy through the fiscal year ending March 31, 2026, includes investing up to ¥250 billion […]
