Seamus McGill, Chairman and Interim Chief Executive Officer of GAN, commented: “After a thoughtful review of value creation opportunities available to us, we are pleased to have reached this agreement with SSC. Under the Merger Agreement, at the effective time of the merger, each of GAN’s issued ordinary shares will be converted into the right to receive in cash $1.97 per share, which reflects a premium of 121% over the closing price of GAN’s ordinary shares on November 7, 2023, the last trading day prior to the date of this announcement. (“Sega Sammy”) an international conglomerate operating in the entertainment, gaming and resorts businesses. GAN Limited, a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that the Company has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Sega Sammy Creation Inc., (“SSC”), a wholly-owned subsidiary of Sega Sammy Holdings, Inc. Purchase price of $1.97 per share represents over 120% premium to latest closing priceĪll-cash transaction subject to customary closing conditions, regulatory approvals, and approval of GAN shareholders “We congratulate Snoqualmie Casino as they celebrate 15 years and an exciting expansion project, and look forward to continuing our long-term partnership together for years to come,” Lisa Young, Seahawks Vice President of Corporate Partnerships, said. We are proud to continue our partnership with an outstanding organization whose success also depends on a strong team chemistry and presence in our local community,” Snoqualmie Casino CEO Stanford Le said. “As a company named one of ‘Washington’s Best Workplaces,’ our team culture means everything to us. Now, Snoqualmie Casino is currently in the process of expanding its existing casino to include a 210-room hotel, convention center, 2000 seat concert venue, destination spa, and three new restaurants. With a relationship that began roughly 15 years ago when Snoqualmie Casino first opened its doors, the partnership marked the first of its kind between a casino and the Seahawks franchise and only the seventh in the history of the NFL. The Snoqualmie Casino announced the renewal of its longstanding partnership with the Seattle Seahawks.

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