78.7 F
Laguna Hills
Friday, Jun 21, 2024
-Advertisement-

Smurfit Out at Online Gambling Developer GAN in Irvine

Seamus McGill named interim CEO

Dermot Smurfit has resigned as CEO and corporate director at Irvine-based GAN Ltd, a technology company for casinos and others that are looking to boost their online gambling and sports betting presence.

Board chairman and industry veteran Seamus McGill has been named interim CEO of GAN (Nasdaq: GAN).

GAN said in a statement today a consulting arrangement is being evaluated for Smurfit, “who remains a substantial stockholder in the company.”

In 2003 he got financial backing for the company from his Irish tycoon uncle, Sir Michael Smurfit, while billionaire financier and countryman Dermot Desmond also invested in the gaming tech firm.

Shares in GAN rose 19% to $1.29 apiece for a market cap of $58 million after the announcement.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-