Nevada’s Gaming Commission approved Sega Sammy Creation’s acquisition of GAN on 26 September 2024. The deal was expected to close in late 2024 or early 2025, the report said.
Regulatory approval removes one hurdle for Sega Sammy’s acquisition of GAN, though completion remains pending.
The day’s most important stories, free. One email a day.
Sega Sammy Holdings reported gaming-segment sales of JPY8.5 billion for the six months ended 30 September 2025, up 372% year on year. Group net sales fell 5% to JPY201.1 billion, while the company said delays to new machine releases, acquisition-related losses and slower video-game sales weighed on results.
Paradise Co signed an MoU with the University of Nevada, Las Vegas William F. Harrah College of Hospitality on 12 May to develop talent and research for Korea’s integrated resort industry. The parties plan student and faculty exchanges, joint research and other education initiatives; Paradise Co said it will offer internships and send staff to UNLV for training.
Sega Sammy said it aims to develop a business serving physical and online casino operators, combining its existing operations with acquired businesses Stakelogic and GAN. President and group chief executive Haruki Satomi said the group plans to establish gaming as a third core business pillar. Its medium-term plan targets more than JPY230 billion in cumulative adjusted EBITDA from fiscal 2025 through fiscal 2027.
Paradise SegaSammy plans to acquire the Grand Hyatt Incheon West Tower from Kal Hotel Network for KRW210 billion, according to a filing dated 23 September. The acquisition is scheduled to complete by 31 October 2025, subject to possible changes; the land will remain owned by Incheon International Airport Corporation.
Sega Sammy Holdings plans to complete its acquisition of online gaming supplier GAN on 27 May, with closing conditions expected to be met by 22 May. The agreed purchase price is $95.8 million; Sega Sammy said it will pay ¥13.87 billion, with transaction expenses expected to bring the total to ¥15.15 billion.