GAN Surrenders UK Gambling Commission Licence

GAN (UK) Limited, the British arm of iGaming technology provider GAN, has surrendered its remote gambling software licence with the UK Gambling Commission (UKGC), according to the regulator’s public register. The surrender, recorded on 4 November, comes as the company’s owner, Sega Sammy Holdings, restructures the GAN business, including its London office.

The licence in question was a business-to-business (B2B) software licence held by GAN’s UK subsidiary. GAN has long been a presence in the regulated iGaming sector, supplying its Player Account Management (PAM) platform and related technology to operators in multiple jurisdictions, including the United States.

The surrender of the licence follows the completion of Sega Sammy’s acquisition of GAN Limited in May 2025. Under the terms of the transaction, shareholders received $1.97 per share in cash, and GAN was delisted from the Nasdaq, becoming a wholly owned subsidiary of Sega Sammy Creation. The agreement had originally been announced in November 2023, with the closing subsequently delayed to allow for regulatory approvals.

With the restructuring now under way, the decision to relinquish the UK licence suggests the company is consolidating its operations around core markets rather than maintaining a regulatory footprint in Great Britain.

The surrender is not connected to a high-profile enforcement action. The UKGC’s public register does, however, show a recent regulatory decision concerning GAN (UK) Limited, with a financial penalty imposed under section 121(1) of the Gambling Act 2005. The company also has an earlier regulatory history: between August 2018 and September 2019, GAN was found to have failed to comply with several licence conditions relating to social responsibility and anti-money laundering requirements, resulting in additional licence conditions being attached.

Under the Commission’s guidance, surrendering a licence is a voluntary process, and licensees are expected to ensure that all customer obligations have been met before the licence is relinquished.