Sega Sammy Holdings, the maker of popular games such as Sonic the Hedgehog, has re-financed the corporate debt of GAN, Dermot Smurfit junior’s online gambling software company.

In an announcement to the Nasdaq recently, GAN said that its previous lender, Beach Point, had assigned its $30 million term loan to Sega Sammy this month.

GAN has also entered into an agreement with Sega Sammy to borrow a further $12 million, the proceeds of which would …