Stay Informed.News

GAN Announces Chief Financial Officer Transition

12 May, 2019
 
 
 
 
 
LONDON STOCK EXCHANGE (LSE): GAN  – EURONEXT DUBLIN (EURONEXT GROWTH): GAME
 
GAN Announces Chief Financial Officer Transition
 
Richard Santiago to Depart in Q3 2019 to Pursue an Alternative Opportunity. Mr. Rey del Valle appointed Chief Financial Officer-designate
 
London & Dublin | May 13, 2019: GAN plc (“GAN” or the “Company”) a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the US land-based casino Industry, today announces the Company’s Chief Financial Officer (“CFO”) and executive Director Richard Santiago will leave GAN effective 19 July 2019 to pursue an alternative opportunity in an unrelated Industry. As a result, GAN today announces the appointment of Mr. Rey del Valle as Chief Financial Officer-designate, who brings to GAN his significant financial experience in online gaming, with both deep U.S. Tech industry knowledge and specialist expertise relating to the financial operations of U.S. listed companies. 
 
Management Commentary
 
Dermot Smurfit, CEO of GAN commented:
 
“I would like to congratulate Richard on the opportunity he has secured in an unrelated Industry.  I look forward to continuing to work closely with Richard and the finance team in the months ahead as we onboard his successor Rey del Valle and maintain full momentum on executing GAN’s growth strategy.”
 
Richard Santiago, CFO of GAN commented:
 
“GAN is now at the forefront of digital betting and gaming technology in the U.S. with phenomenal growth momentum self-evident in recent quarterly key performance indicators. It is with regret that I have elected for personal reasons to leave GAN at this exciting time, to pursue another opportunity. I wish to thank everyone at GAN for their support and look forward to seeing GAN realize the continuing opportunity of U.S. Internet gambling.”
 
Rey del Valle, CFO-designate of GAN commented:
 
“This is an extraordinary opportunity to join Dermot and his leadership team to help develop their unique software-as-a-service tech company with a hard-earned market leading position in the fast-regulating U.S. Internet gambling market. I look forward to transitioning into the role in the coming weeks.
 
About GAN Plc
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.  The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (https://casino.winstar.com) provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.
 
GAN is listed on the London Stock Exchange (LSE: GAN) and on Euronext Dublin (Euronext Growth: GAME).
 
For more information please visit www.GAN.com.
 
 
For further information please contact:
 
Jameson Wang Investors: The Equity Group
VP Investor Relations & Analytics Adam Prior
jwang@gan.com
310.384.1132
aprior@equityny.com
212.371.8660
   
   
 
  Davy (Nominated Adviser, Euronext Growth Adviser and Joint Broker)  
  John Frain / Barry Murphy  
  +353 1 679 6363  
   
Liberum (Joint Broker)
 
  Neil Patel / Cameron Duncan  
  +44 (0) 20 3100 2000  

Recent News

5 November, 2019
Trading Update

London | November 5, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today provides an update on trading for the four months ended October 31, 2019 (“Period”) together with an updated outlook for the full year ending 31 December 2019.

Read Full Article
23 October, 2019
GAN Announces Expansion of Partnership with FanDuel Group into Indiana Following Legalization of Spo

London | October 23, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the expansion of its existing agreement with FanDuel Group (“FDG”) to be FDG’s platform for rapid deployment of account services for Internet sports betting in the State of Indiana (pop. 6.7M), following that State’s legalization of sports betting on May 8, 2019 and the intra-state Indiana market commencement of Internet gambling on October 3, 2019.

Read Full Article
18 October, 2019
GAN Reports September 2019 Internet Gambling Growth for Pennsylvania

London – October 18, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on October 17, 2019, by the Pennsylvania Gaming Control Board (“PGCB”) of Internet gaming and Internet sports betting financial information for the calendar month of September 2019 in Pennsylvania. 

Read Full Article
Top of page