Sega Sammy Holdings is approaching the final regulatory approvals for its planned acquisition of GAN, according to the report. The deal is expected to close around 27 May, subject to outstanding gaming authority clearances and other closing conditions; GAN shares would convert to $1.97 in cash each if it completes.
Outstanding regulatory clearances and closing conditions still determine whether Sega Sammy acquires GAN.
The day’s most important stories, free. One email a day.
Sega Sammy said it expects to complete its acquisition of GAN on 27 May 2025, after the remaining conditions are expected to be met on 22 May. The company said the transaction will affect its 2025 financial report, but it has not yet estimated the impact.
The Amsterdam District Court rejected SEGA SAMMY’s request to terminate its acquisition agreement with Stakelogic on 11 April 2025. SEGA SAMMY had alleged breaches of contractual conditions and gambling rules in Japan and Turkey; the court found the agreement did not permit termination and noted doubts about the evidence from test runs in Japan.
It was reported that Sega Sammy Holdings recorded approximately JPY95.03bn in sales for the quarter ending 30 June. Sales increased 17.3% from a year earlier; the group includes gaming equipment supplier Sega Sammy Creation and South Korea’s Paradise City casino resort.
Sega Sammy recorded an approximately JPY18 billion impairment against goodwill from its Stakelogic acquisition for the fiscal year ended 31 March 2026. The company attributed the write-down primarily to a contraction in the Netherlands market following regulatory tightening and also booked JPY0.7 billion for a planned reduction in Stakelogic’s Dutch operations.
Stakelogic said it will close its live casino studios in Eindhoven to reduce costs, according to the report. The supplier will use its Malta studio instead, stop offering Dutch-language live tables and move branded tables to a shared Chromakey setup. Its Eindhoven office will remain open for other activities.