GAN.O Overview

Merger Announcement: GAN Limited has completed its merger with SEGA SAMMY HOLDINGS INC., with SEGA SAMMY acquiring all outstanding securities of GAN for $1.97 per share, a 121% premium over GAN's previous stock price.

Future Prospects: Both companies express optimism about the merger, highlighting GAN's expertise in the U.S. market and SEGA SAMMY's commitment to expanding product offerings and resources in the gaming sector.

Earnings Report: GAN reported a Q1 GAAP EPS of -$0.15, missing expectations by $0.09, and revenue of $29.4M, which is a 4.1% decrease year-over-year and fell short by $6.48M.

Financial Insights: Additional financial information and historical earnings data for GAN can be found through Seeking Alpha’s Quant Rating on the company.

Annual Meeting Announcement: GAN Limited has scheduled its 2025 Annual Meeting of Shareholders for June 26, 2025, with a record date of April 29, 2025, to comply with Nasdaq standards amid a pending merger with SEGA SAMMY.

Shareholder Proposals Deadline: Shareholders must submit proposals by April 25, 2025, to be considered for inclusion in the proxy materials for the upcoming meeting, adhering to SEC rules and the company's bylaws.

Earnings Report: GAN reported a Q4 GAAP EPS of -$0.09, missing expectations by $0.10, with revenue of $31.69 million, which is a 3.2% year-over-year increase but fell short by $9.42 million.

Revenue Breakdown: B2B Gross Operator Revenue rose to $651.2 million (up 69% from the previous year), while B2B segment revenue decreased to $9.0 million and B2C segment revenue increased to $22.7 million.

Financial Performance: GAN Limited reported a 3% increase in total revenue for Q4 2024, driven by growth in its B2C segment, while operating expenses decreased significantly, leading to an improved net loss of $4.2 million compared to $9.4 million the previous year.

Merger Update: The planned merger with SEGA SAMMY is expected to close in the second quarter of 2025, having received necessary approvals from shareholders and regulatory agencies, pending completion of remaining requirements.

Governor's Budget Proposal: Governor Phil Murphy proposed a $58.1 billion budget plan for New Jersey, the largest in the state's history, which includes raising internet gaming and sports wagering tax rates to 25%.

Stock Market Insights: The article highlights various publicly traded companies in the gaming sector and mentions stock recommendations from analysts, including Boyd Gaming's recent dividend increase and changes in ratings for other companies like Alibaba and Rivian.