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 Limited (GAN) historically reported that it was a North American B2B technology provider of real money internet gaming solutions and an international B2C operator of internet sports betting. Its news flow has included regular financial results, operational updates for its GameSTACK platform and Simulated Gaming offering, developments in its Coolbet online sports betting division, and detailed information about its corporate transaction with SEGA SAMMY.
Company news releases have described GAN as a business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry, and as a business-to-consumer operator of proprietary online sports betting technology with market leadership positions in selected European and Latin American markets through Coolbet. Earnings announcements have discussed trends in B2B and B2C segment revenue, operating expenses, net income or loss, adjusted EBITDA and key performance indicators such as B2B Gross Operator Revenue, B2B Take Rate, B2C Active Customers, B2C Marketing Spend Ratio and B2C Sports Margin.
A major focus of GAN’s recent news has been its merger with an affiliate of SEGA SAMMY HOLDINGS INC. Through a series of releases, the company reported milestones such as clearance from the Committee on Foreign Investment in the United States (CFIUS), approvals from gaming regulators including the Nevada Gaming Commission, amendments to the merger agreement and, ultimately, completion of the merger. A Business Wire announcement dated May 27, 2025 states that SEGA SAMMY, through SEGA SAMMY CREATION INC., acquired all outstanding securities of GAN and that GAN’s ordinary shares would cease to be traded on the NASDAQ Global Stock Market at the close of trading that day.
This news page serves as a historical archive of GAN-related announcements, including quarterly and annual financial results, key performance metric definitions, and updates on the regulatory and transactional steps that led to GAN becoming a wholly owned subsidiary of SEGA SAMMY’s affiliate and ceasing to be a publicly traded company.
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.