Welcome to our dedicated page for Gan news (Ticker: GAN), a resource for investors and traders seeking the latest updates and insights on Gan stock.
GAN Ltd (GAN) delivers innovative Software-as-a-Service solutions for the global igaming industry, powering both enterprise-level casino platforms and consumer-facing sports betting experiences. This news hub provides investors and industry professionals with timely updates on corporate developments, regulatory milestones, and technological advancements shaping the online gaming sector.
Access comprehensive coverage of GAN press releases, earnings reports, and strategic partnerships in one centralized location. Our curated news collection helps stakeholders track operational performance across GAN's B2B technology platforms and B2C Coolbet operations while monitoring evolving market trends in regulated gaming jurisdictions.
Key updates include announcements related to GameSTACK platform enhancements, international market expansions, and compliance initiatives across North American and European markets. The repository serves as an essential resource for understanding GAN's position in competitive igaming ecosystems and its responses to industry challenges.
Bookmark this page for streamlined access to verified GAN Ltd developments. Combine regular monitoring with in-depth analysis to maintain informed perspectives on this dynamic SaaS provider's trajectory in digital gaming solutions.
GAN (NASDAQ: GAN) has announced its 2025 Annual Meeting of Shareholders will be held on June 26, 2025, with April 29, 2025 set as the record date. The company didn't hold a 2024 Annual Meeting due to its pending merger with SEGA SAMMY CREATION, which is expected to close in Q2 2025.
To comply with Nasdaq listing standards, GAN will proceed with the annual meeting if the merger closing is delayed beyond June 30, 2025. The company has set April 25, 2025 as the deadline for shareholder proposals under Rule 14a-8 and for director nominations. All proposals must be submitted to GAN's Las Vegas headquarters and comply with SEC rules and company bylaws.
GAN (NASDAQ: GAN), a North American B2B technology provider of real money internet gaming solutions and International B2C operator of Internet sports betting, has reported its unaudited financial results for Q4 and full year 2024.
The company achieved improved operating performance and cost structure, leading to stronger financial performance in 2024 with growth in both top and bottom line. CEO Seamus McGill credited the global team's execution and streamlined cost management for these results.
The planned merger with SEGA SAMMY has already received several key approvals, including GAN shareholder approval, clearance from the Committee on Foreign Investment in the U.S. (CFIUS), and approval from gaming regulatory agencies including the Nevada Gaming Commission. The merger is expected to close in Q2 2025, pending remaining regulatory requirements and customary closing conditions.
GAN (NASDAQ: GAN) announced an amendment to its merger agreement with SEGA SAMMY CREATION, extending the End Date from February 7, 2025, to May 31, 2025. This extension aims to provide additional time for securing necessary regulatory gaming approvals. The merger terms remain unchanged, with GAN shareholders set to receive $1.97 in cash per ordinary share upon completion.
The transaction is now expected to close in the second quarter of 2025. Upon completion, GAN will be delisted from Nasdaq and cease being a publicly-traded company. CEO Seamus McGill confirmed that while the regulatory process takes time, both parties are making significant progress toward a successful closing.
GAN reported strong Q3 2024 financial results with total revenue of $37.1 million, up 24% year-over-year. The growth was primarily driven by B2B segment revenue increasing 60% to $16.4 million, while B2C revenue grew to $20.7 million. The company achieved net income of $2.1 million compared to a net loss of $8.2 million in Q3 2023. Operating expenses decreased by 10% to $25.1 million. The planned merger with SEGASAMMY has received approval from the Nevada Gaming Commission and is expected to close in early 2025.
GAN (NASDAQ: GAN) has received approval from the Nevada Gaming Commission (NGC) for its merger with a subsidiary of SEGA SAMMY CREATION INC. (SSC), an affiliate of SEGA SAMMY HOLDINGS INC. The merger is expected to close in late 2024 or early 2025, subject to additional gaming regulatory approvals and customary closing conditions.
Upon completion, GAN shareholders will receive $1.97 in cash per ordinary share. GAN will cease to be publicly traded, with its shares delisted from Nasdaq and deregistered. GAN is a leading B2B supplier of internet gaming software-as-a-service solutions, while SEGA SAMMY HOLDINGS operates in Entertainment Contents, Pachislot and Pachinko Machines, and Gaming businesses.
GAN (NASDAQ: GAN) reported its Q2 2024 financial results, showing growth in B2B revenues and improved overall results due to cost rationalization. Key highlights include:
- Total revenue increased 5% to $35.6 million
- B2B segment revenue grew to $13.0 million, up from $9.9 million
- Net loss reduced to $1.7 million from $18.4 million
- Adjusted EBITDA improved to $3.7 million from $(2.0) million
- B2B Gross Operator Revenue increased 40% to $609.3 million
The company continues to focus on optimizing its cost structure and rolling out product enhancements. The planned merger with SEGASAMMY is progressing, with an expected closing in late 2024 or early 2025.
GAN (NASDAQ: GAN), a premier B2B tech provider for real money internet gaming, has secured clearance from the Committee on Foreign Investment in the United States (CFIUS) for its planned merger with a subsidiary of SEGA SAMMY CREATION. The merger, pending approval from relevant gaming authorities and other customary conditions, is anticipated to finalize in late 2024 or early 2025. Upon completion, GAN shareholders will receive $1.97 per share, and GAN will be delisted from NASDAQ, ceasing to be publicly-traded. The merger aligns with GAN's strategic objectives to leverage SEGA SAMMY's global reach and expertise in gaming and entertainment.
GAN reported its first quarter 2024 financial results, showcasing a 10% growth in B2B revenues and a 20% reduction in operating expenses. The B2C segment saw a decline in revenue due to lower sports margins. The company is working towards the merger with SegaSammy expected to close by late 2024 or early 2025.
GAN , a prominent B2B technology provider of real money internet gaming solutions and B2C operator of Internet sports betting, will release its first quarter financial results on May 9, 2024, following the merger with SEGA SAMMY CREATION INC. The Company will not host a conference call due to the merger.
