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.
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GAN Limited reported a 14% increase in total revenue for 2022, totaling $141.5 million. The company saw a 21% revenue growth in Q4 2022 compared to the same quarter in the previous year with B2B revenues rising 26% and B2C revenues increasing 19%.
Despite strong revenue growth, GAN faced a significant net loss of $197.5 million due to a $166 million non-cash impairment charge. Active customers surged 49% year-over-year, particularly in Latin America. A strategic review has been initiated to enhance shareholder value, yet 2023 guidance remains uncertain.
GAN Limited (NASDAQ: GAN) will release its financial results for Q4 and the full year ending December 31, 2022, on March 30, 2023, after market close. A conference call to discuss these results is scheduled for 4:30 PM ET on the same day. Investors can access the call via a toll-free number or internationally, with a PDF presentation available on the company’s website. GAN specializes in B2B technology solutions for real money internet gaming and operates the Coolbet brand for online sports betting in select markets. For more information, visit www.GAN.com.
GAN Limited (NASDAQ: GAN) has successfully launched its B2B sports betting technology at WynnBET Sportsbook, located at Encore Boston Harbor in Massachusetts. This marks GAN's second sports deployment in the U.S. The venue features over-the-counter wagering windows and 120 self-service kiosks, making it the largest installation of its kind in the country. The launch took place on January 31, 2023, with notable guest appearances. GAN's sportsbook technology is built on Coolbet technology and is designed to support the growing regulated gambling market in the U.S.
GAN Limited has launched its sports betting and iGaming platform, Coolbet, in the regulated Mexican market, marking the company's tenth operational jurisdiction.
The launch begins on January 16, through a partnership with a licensed local entity, which will enable Coolbet to offer tailored betting services. Initial expectations indicate modest investment and revenue as the company acclimatizes to the market. The Coolbet platform will feature local sports events, including the 2023 Mexico Open and Formula 1, supported by targeted marketing initiatives.
President Endre Nesset emphasizes a cautious growth approach, focusing on brand awareness through social media and local partnerships.