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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 […]
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 […]
Business
December 28, 2022
Sega Sammy Puts New Person at the Helm with Naoki Kameda
The company announced last Friday that it is appointing Naoki Kameda as its new CEO and president and added that Koichi Fukazawa will be moved as chairman of the board. The company hailed the experience of its new chief executive, who will be able to help the company with its next phase of development and […]
Business
August 5, 2022
Sega Sammy FY22/23 Q1 Results Behind Pre-pandemic Figures Still
Gross profit for Q1 in FY22/23 was up YoY by 4.6% but still 11.3% behind 2019Q1, with expenses seeing an approximately 10% uptick compared to last financial year’s same period as well. Overall Good Financial, Still Lagging Pre-pandemic Levels Sega Sammy released its financial results for the first quarter of the financial year FY2022-23, which […]
Casino
July 4, 2022
Sega Sammy’s Genesis Crest 43 J Cabinet Raises Standards
Sega Sammy Creation Inc announced on Friday that the company is close to releasing its new cutting-edge gaming cabinet, Genesis Crest 43 J, across markets in Asia. The company confirmed that the new cabinet will come with a strong hardware core and a slick designer’s look. The cabinet uses a 43” J-curve monitor that renders […]
Casino
February 2, 2021
Sega Splits Resorts and Video Gaming Divisions in Two Subsidiaries
Japanese gaming and hospitality holdings Sega Sammy has announced that it is splitting its amusement and video gaming divisions into two subsidiaries. Sega Launches Two Separate Business Arm to Hedge against Pandemic Sega Sammy is moving forward with a planned split of its video games and amusement divisions, as part of the company re-organization […]
Casino
September 28, 2020
In Asian Casinos, Baccarat Wins Bring Prompt Reckless Decisions
A new study by academics from Kyoto universities in Japan has surveyed 3,986 baccarat players at Paradise City in South Korea. All players were foreigners and the study focused on identifying their gambling patterns. According to the findings of the study, players tended to exhibit symptoms of “recklessness” as soon as they registered several consecutive […]
Casino
June 2, 2020
Sega Sammy Cautions over Japan Casino Resort
One of Japan’s largest entertainment conglomerates and earliest bidders for an Integrated Resort, Sega Sammy, has cautioned that the realization of the project may now be more difficult due to potential shifts in commitments from overseas partners. Sega Sammy Gives Update on Feasibility of IR Japanese entertainment giant Sega Sammy Holdings Inc has said that […]