GAN Plc’s B2C segment proved the standout performer during Q2 this year as its B2B division suffered some setbacks, causing an overall decline in group-wide revenue. The firm explained to its NYSE investors that total revenue dropped 3% during the quarter to $34m (Q2 2022: $35m), and adjusted EBITDA also fell substantially from £1.3m in 2022 to a loss of …
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GAN Plc has reached a ‘definitive agreement’ to acquire Malta-licensed operator ‘Coolbet’ for a total consideration of €149 million. The igaming software supplier will acquire Coolbet from its operating firm Vincent Group Malta, which will see it takeover the operator’s brand IP, trading and proprietary software assets. Updating investors, GAN branded Coolbet one of the fastest-growing European B2C operators, who …
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In the Gambling Commission’s March 2018 Online Gambling Review, published very shortly after Neil McArthur took over as its Chief Executive, the view was expressed that “overall, progress by the online industry to minimise harm has been significantly slower than we expected and required”. That set in motion a chain of events that has reached its zenith in the last …
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The UK Gambling Commission (UKGC) has announced its latest public consultation as it seeks evidence and opinions to form ‘stronger requirements’ with regards to how online licensees identify vulnerable or high-risk customers. In its statement, the Commission underlined that it will require a diverse range of input from all industry stakeholders – tech, compliance, payment, customer welfare and management – …
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The UK Gambling Commission (UKGC) has announced action against BGO Entertainment, GAN Plc and NetBet Enterprises Ltd after reviewing their licences following a number of failures which included not doing enough to keep consumers safe and failing to prevent money laundering and criminal spend. As a result of those reviews, two of the businesses, BGO and Gan PLC, have had …
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London-listed GAN Plc, a specialist supplier of online gambling software solutions for the US market, has confirmed the departure of Richard Santiago as Chief Financial Officer and Executive Director. Santiago departs GAN executive team to pursue opportunities ‘unrelated to the global gambling sector’. The company has informed that Santiago will be replaced as CFO by Rey del Valle, a seasoned …
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