GAN surrenders UK gambling licence after 18-year authorisation

GAN's British subsidiary surrendered its remote gambling software licence to the UK Gambling Commission on November 4, ending an authorisation first granted in 2009. The licence covered business-to-business gambling software and had been held continuously since before the modern UKGC framework existed in its current form.

The surrender followed a sharp deterioration in the UK operation's finances. Revenue from the British business fell 61% between 2024 and 2025, reaching GBP 6.13 million, while pre-tax losses climbed to nearly GBP 10 million. Parent company Sega Sammy, which published its latest results two days after the licence was returned, reported JPY 10.8 billion in GAN sales group-wide against an operating loss of JPY 2.2 billion.

Sega Sammy cut 66 international positions in June and plans a further 27 reductions before March 2027. GAN's London office no longer appears among the group's listed corporate locations.

The company is redirecting resources toward its US B2B operations, tribal casino partnerships, and simulated gaming products. Its B2C brand Coolbet faces separate pressure, with 131 positions reported at risk at the company's Tallinn headquarters.