GAN Surrenders UK Licence in Restructuring Push

GAN, the long-running iGaming software supplier owned by Sega Sammy, has surrendered its UK Gambling Commission B2B licence, according to NEXT.io. Players in Malaysia and elsewhere often cannot tell who stands behind a casino’s software, which is why our Malaysia casino hub stresses checking licences rather than brand names.

What was surrendered

NEXT.io reports, citing the Commission’s website, that the British subsidiary of GAN surrendered its Gambling Software – Remote licence on 4 November, more than 15 years after it was granted. The news was published on 10 November. GAN began operating in the UK in 2002 with real-money skill gaming competitions before moving into B2B software and content in 2009.

Timing and finances

The surrender came two days before Sega Sammy’s quarterly report, which NEXT.io says recorded ¥10.8 billion (about €52 million) in sales at GAN and a ¥2.2 billion loss, with the company reiterating its restructuring plans. According to GAN’s accounts as cited by NEXT.io, the UK entity moved its US B2B responsibilities to its Nevada subsidiary in 2021 while keeping its European operations. Companies House records show UK revenue falling 61 percent to £6.13 million from 2024 to 2025, with pre-tax losses near £10 million.

Wider restructuring

In June, Sega Sammy said it had cut 66 roles across its international operations, with 27 more reductions planned for the year ending March 2027, for annual savings of $9.7 million. NEXT.io also recently reported 131 roles at risk at Coolbet’s Estonian headquarters, with the company citing weaker B2B results and growing regulatory and tax pressure.

GAN’s turnaround plan, as described by NEXT.io, covers shrinking and simplifying operations, including duplicated management, legacy technology, unprofitable contracts and the UK operation. It is retiring its legacy platform and moving B2B sportsbook and casino clients to a standardised V2 set-up, and it is closing the Bulgarian and UK-based casino content studio Silverback Gaming.

US focus

The US becomes GAN’s primary B2B market, with expansion planned beyond Nevada and in tribal casino operations, plus a new focus on simulated and social gaming. The stated aim is an omnichannel supplier combining GAN technology, Stakelogic games and Sega Sammy Creation’s physical casino products. NEXT.io says it is unclear how some of the plan relates to existing arrangements.

What it means for players

A surrendered B2B licence concerns the supplier, not any one casino brand. A UK licence is held by the supplier or operator for the UK market only, and the surrender does not itself say anything about GAN clients elsewhere. Players should check the licence of the operator they actually deposit with. Our guide to new casinos for Malaysia and Singapore covers what to look for, and the UK register is on the Gambling Commission website.

Question for Malaysian readers: do you check the software supplier’s licence, or only the casino brand’s?

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