![]() Sega Sammy has those resources and GAN is a strategic complement to their existing gaming portfolio. B2C space, a slower than expected adoption of regulated online gaming in the U.S., along with changes to key customer contracts make the near-term operating environment challenging without ample capital resources. Seamus McGill, Chairman and Interim Chief Executive Officer of GAN, reportedly commented: “After a thoughtful review of value creation opportunities available to us, we are pleased to have reached this agreement with SSC. As soon as the Merger Agreement takes effect, GAN shall receive $1.97 per share which represents a 121% premium over the closing price of the company’s shares on 7 November 2023. GAN Limited, a leading North American real money iGaming technology provider and a prominent sports betting operator has entered a definitive Merger Agreement with Sega Sammy Creation, a game development subsidiary of the international gaming, entertainment and resort company Sega Sammy Holdings. Online gaming software, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Japan, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships Betting on sports futures, props and lay bets. ![]()
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