25 May 2018 07:00
LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAME
GAN Appoints CFO in the US
Experienced CFO Richard Santiago joins GAN's Las Vegas leadership team
London & Dublin | May 25, 2018: 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 announces the appointment of Richard Santiago (age 45) as Chief Financial Officer to be based in GAN's Las Vegas offices alongside the Chief Executive Officer, Chief Information Officer and the Non-executive Chairman.
Mr Santiago will join GAN on June 18, 2018 from EatStreet, a leading US Internet-based food delivery service and brings substantial operational and strategic financial expertise to GAN derived from a wide range of US-based Internet companies.
Educational & Career Highlights
Mr Santiago holds a Bachelor of Science in Business Administration from the University of California at Berkeley and is a highly experienced senior finance professional with a successful track record of performance in the role of Chief Financial Officer (or other similarly senior finance roles) among major US consumer Internet businesses most recently including EatStreet and substantial Internet gaming businesses encompassing Activision Blizzard and Riot Games, the award-winning eSports videogame developer and publisher of 'League of Legends'.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"After an extensive multi-month process I'm delighted to announce Richard's future membership of GAN's leadership team as our Chief Financial Officer. Richard's proven experience in fast-growing companies in diverse US Internet industries, combined with excellent operational capabilities will provide GAN's leadership team with substantial incremental bench strength as we continue to deliver on our US-facing growth strategy. I look forward to welcoming Richard to GAN this Summer."
Richard Santiago, CFO-designate for GAN commented:
"GAN sits within the intriguing intersection between the overlapping Industries of online videogames and gaming/gambling with their intriguing Simulated Gaming offering an exciting entertainment experience designed specifically for casino patrons of America. US regulation of real money Internet gaming and, potentially, Internet sports betting also appears to be gaining momentum which positions GAN for rapid growth which I have substantial strategic financial experience in helping Dermot and the existing leadership team manage."
Full details of Mr Santiago's current and past directorships within the last five years are provided below. There are no further details to be disclosed as required under Schedule 2(g) of the AIM Rules and the ESM Rules. Mr Santiago does not currently have any interest in ordinary shares in GAN.
Current Directorships
EatStreet
Past Directorships
U4iA Games
For further information please contact:
GAN | US Investors: The Equity Group |
Dermot Smurfit | Adam Prior |
Chief Executive Officer | aprior@equityny.com |
+44 (0) 20 7292 6262 | 212.371.8660 |
dsmurfit@GAN.com |
|
| UK & Ireland Investors: Walbrook PR |
| Paul Cornelius |
| GAN@WalbrookPR.com |
| +44 20 7933 8780 |
| 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 |
|
GAN | Overview
GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN
The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has fourteen (14) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gaming in New Jersey; one (1) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.
The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In January 2018 GAN announced a strategic partnership with SBTECH, a leading European B2B sports betting technology provider. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN's first privileged gaming license in the United States. In May 2018, the US Supreme Court repealed PASPA and GAN confirmed the H2 launch of sports betting for US clients integrated into GAN's enterprise software platform.
For more information please visit www.GAN.com