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.
The planned completion would transfer GAN to Sega Sammy and expand the group’s online gambling business.
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Sega Sammy Holdings reported gaming-business sales of nearly JPY16.36bn for the six months to 30 September 2026, up 91.1% year on year. The segment recorded an operating loss of JPY3.9bn, which the company attributed in part to higher sales and a wider loss following its acquisitions of GAN and Stakelogic BV; group net profit rose 298.6% to JPY10.93bn.
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.
An investment analysis platform argued that Sega Sammy should focus on monetising its intellectual property and halt large-scale acquisitions after what it described as weak acquisition performance and lower operating margins. The analysis cited a JPY31.3bn impairment relating to Rovio and said a further JPY15bn impairment was expected for Stakelogic; Sega Sammy said it would suspend large-scale M&A for the time being.
Sega Sammy said it will pause large-scale M&A after recording a JPY16.9 billion loss attributable to parent-company owners for the nine months to 31 December 2025. It attributed the result mainly to a JPY31.4 billion exceptional loss linked to Rovio’s underperformance; its Gaming segment also reported a loss after including GAN and Stakelogic.