GAN Announces Leadership Transition
September 27 2023 - 8:55AM
Business Wire
Board member and industry veteran, Seamus
McGill, appointed Interim Chief Executive Officer
GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading
North American B2B technology provider of real money internet
gaming solutions and a leading International B2C operator of
Internet sports betting, announced that its Board of Directors has
accepted the resignation of Dermot Smurfit from his position as the
Company’s Chief Executive Officer and as a director of the Company
and its operating subsidiaries. The Company and Mr. Smurfit are
evaluating a consulting arrangement for Mr. Smurfit, who remains a
substantial stockholder in the Company.
The Company has appointed Seamus McGill, its current Chairman of
the Board, to the position of Interim Chief Executive Officer
effective as of September 26, 2023. Mr. McGill brings 25 years of
experience in the gaming and technology industries and joined the
Board of GAN in April 2014.
“On behalf of the entire Board and GAN team, I want to extend
our appreciation to Dermot for his commitment to the Company since
joining twenty years ago. Under Mr. Smurfit’s leadership, GAN
experienced many great accomplishments and reached numerous
milestones as a Company,” commented McGill. “Having served on the
Board since 2014, I have a deep understanding of the Company, our
talented teams, and our market position. I am honored to assume
leadership of all of the Company’s executive functions and have
been heavily involved in our ongoing strategic review process. We
will continue to evaluate the indications of interest that we have
received and will work to optimize the process and its outcome for
shareholders in due course.”
Seamus McGill Background
Mr. McGill brings 25 years of direct industry experience and has
been a member of the board of directors for over nine years.
Previously, Mr. McGill was President of JOINGO, a mobile software
company. Prior to JOINGO, Mr. McGill spent five years at Aristocrat
Technologies Limited as Chief Operating Officer helping drive
outsized growth in North America including changing the strategic
focus to recurring revenue games. Prior to Aristocrat, Mr. McGill
was President of Cyberview Technology, Inc. and orchestrated its
sale to International Game Technology plc. Mr. McGill held senior
positions at WMS Gaming Inc. and as managing director of
international operations helped spearhead the company’s growth into
several new markets across the globe. He started his career in
gaming with Mikohn Gaming Corporation. Prior to moving to the U.S.,
Mr. McGill worked for 7 years in Japan and 3 years in
Singapore.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements contained in this release that do not relate to
matters of historical fact should be considered forward-looking
statements, including statements regarding future business
opportunities as well as statements that include the words
"expect," "intend," "plan," "believe," "project," "forecast,"
"estimate," "may," "should," "anticipate" and similar statements of
a future or forward-looking nature. These forward-looking
statements are based on management's current expectations. These
statements are neither promises nor guarantees, but involve known
and unknown risks, uncertainties and other important factors that
may cause actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Please refer to the Company's annual, quarterly and
current reports filed on Forms 10-K, 10-Q and 8-K from time to time
with the Securities and Exchange Commission for a further
discussion of the factors and risks associated with the business.
Readers are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date on
which they are made. The Company undertakes no obligation to update
or revise any forward-looking statements for any reason except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230927723414/en/
Investors:
GAN Robert Shore Vice President, IR and Capital
Markets (610) 812-3519 rshore@GAN.com
Alpha IR Group Ryan Coleman or Davis Snyder (312)
445-2870 GAN@alpha-ir.com
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