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–(BUSINESS WIRE)–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
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.
Contacts
Jameson Wang
VP Investor Relations & Analytics
jwang@gan.com
310.384.1132
Investors: The Equity Group
Adam Prior
aprior@equityny.com
212.371.8660
Davy (Nominated Adviser, ESM Adviser and Joint Broker)
John
Frain / Barry Murphy
+353 1 679 6363
Liberum (Joint Broker)
Neil Patel / Cameron Duncan
+44
(0) 20 3100 2000