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 Limited reported a record revenue of $37.5 million for Q1 2022, marking a 38% year-over-year growth. The company improved its net loss to $4.5 million and achieved an Adjusted EBITDA of $3 million, thanks to organic growth and cost rationalization. GAN is maintaining its full-year revenue guidance of $155 million to $165 million and expects an Adjusted EBITDA of $15 million to $20 million. The company is optimistic about future growth with ongoing expansions into new states and the FIFA World Cup.
GAN Limited (NASDAQ: GAN) will release its first-quarter financial results for 2022 after market close on May 16, 2022. Following the announcement, a conference call will be held at 4:30 PM ET to discuss the results. GAN is a top B2B supplier of internet gaming solutions for the U.S. land-based casino industry and operates Coolbet, a leading online sports betting platform. The company’s proprietary software, GameSTACK™, supports regulated real money gaming operations.
Beach Point Capital Management LP has made a $30 million private credit investment in GAN Limited (NASDAQ: GAN), a premier provider of internet gaming software-as-a-service. This funding aims to enhance GAN's capabilities in developing proprietary gaming content, securing new B2B contracts, and expanding into new markets. CEO Dermot Smurfit highlighted that this investment will bolster shareholder value, while Beach Point's Portfolio Manager Brian Himot expressed excitement about GAN's role in advancing gaming technology.
GAN Limited (NASDAQ: GAN) has announced key strategic initiatives aimed at improving profitability and shareholder returns. The company successfully secured a $30 million term loan with Beach Point Capital, enabling it to fund high-return B2B investments and execute a $5 million share repurchase following Q1 results. Cost-control measures are in place to enhance Adjusted EBITDA generation. Coolbet's sports margin for Q1 improved to a normalized range of approximately 7%. This update reflects GAN's commitment to growth and maintaining a strong balance sheet.
GAN Limited has launched iGaming and online sports betting for the Saginaw Chippewa Indian Tribe in Michigan, marking its fourth client in the state and tenth overall for real money online gambling technology in the U.S. The launch includes a partnership with Soaring Eagle Casino & Resort, the largest casino in Michigan, leveraging GAN's GameSTACK™ technology and iBridge Framework. The collaboration aims to optimize marketing and player loyalty, enhancing user acquisition and retention in the growing Michigan market.
GAN Limited (NASDAQ: GAN) has launched its GameSTACK™ technology platform and the Coolbet B2C segment in Ontario, effective April 4, 2022. This launch marks GAN's entry into the Ontario market for online sports betting and iGaming, following its licensing by the Alcohol and Gaming Commission of Ontario (AGCO). The company anticipates that the Ontario market will serve as a vital growth driver due to its population density. Both segments aim to provide safe and legal gaming experiences to players in Canada.
GAN reported a substantial revenue increase in 2021, reaching $125.4 million, up from $35.2 million in 2020, driven primarily by the Coolbet acquisition and B2B growth. The company forecasts 2022 revenues of $155 million to $165 million, indicating a 28% year-over-year growth at the midpoint. Despite challenges in Q4 2021, including a net loss of $8.5 million, GAN emphasizes profitability improvements and new client acquisitions, such as Entain and Lottomatica. The B2B segment also showed growth with a 26% increase in Gross Operator Revenue.
GAN Limited (NASDAQ: GAN), a top B2B provider in real money internet gaming solutions, will release its financial results for Q4 and full year ending December 31, 2021, after market close on March 22, 2022. A conference call will be held at 4:30 PM ET on the same day to discuss the results. GAN serves the U.S. land-based casino industry and operates Coolbet, a leader in online sports betting technology in Europe and Latin America, utilizing its proprietary GameSTACK™ system for regulated gaming.
On February 8, 2022, Inspired Entertainment announced the launch of its online gaming content in Michigan through GAN Limited, enhancing its market access. GAN, a leading internet gaming software provider, will distribute Inspired's games across its extensive operator network in various U.S. states. Brooks Pierce, COO of Inspired, highlighted the strong demand for their content and the collaboration with GAN as a significant step in expanding their U.S. footprint. GAN’s CEO, Dermot Smurfit, praised Inspired's game performance, indicating plans to further integrate their content into the GAN library.
GAN Limited (NASDAQ: GAN) has completed the acquisition of Silverback Gaming, a UK and Bulgaria-based online casino game developer. The deal grants GAN exclusive rights to Silverback's current and future games, expecting to release 50 new slot titles in three years. This acquisition enhances GAN's SuperRGS platform, aiming to increase market share in the US iGaming sector. Silverback's existing popular games, like Aztec Luck and Mystery Stacks, are expected to launch within GAN's portfolio in 1H 2022, signaling an aggressive content acquisition strategy.