The global supplier of casino content, gaming systems, and turnkey social gaming, GameAccount Network (GAN) has officially surrendered its UK Gambling Commission (UKGC) Business-to-Business (B2B) licence.
The decision comes as its parent company, Sega Sammy, continues a broad restructuring of the iGaming business amid mounting financial losses and a shift in strategic priorities.
According to the UKGC’s official register, GAN’s British subsidiary surrendered its Gambling Software – Remote license on November 4. The license was originally granted in 2009, marking an end to roughly 18 years of regulatory authorization.
GAN entered the UK market in 2002, when it began operating real-money online skill gaming competitions before switching to B2B software and content distribution.
