GAN Announces Recent Appointment of Mr. Seamus McGill to Chief Executive Officer

Rhea-AI Summary

GAN Limited appoints Seamus McGill as Chief Executive Officer, emphasizing his experience and leadership qualities. McGill, previously serving in an interim capacity, will focus on closing the deal with Sega Sammy Creation, Inc. The board expresses confidence in McGill's ability to lead the company towards success.

Mr. McGill had previously been serving in an interim capacity

IRVINE, Calif.--(BUSINESS WIRE)-- GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Seamus McGill has recently been named the Company’s Chief Executive Officer. Mr. McGill had previously been serving in an interim capacity.

Mr. McGill’s will remain on the Company’s board of directors and will be focused on guiding the Company towards a timely closing with Sega Sammy Creation, Inc.

“Seamus has the full backing of the board of directors and we are confident that his experience and leadership make him the most qualified candidate to be GAN’s next CEO,” said David Goldberg, the Company’s Chairman of the Board. “Seamus has been with the Company since 2014 and has a deep understanding of GAN’s products, customers, and strategy. On behalf of the entire Board of Directors, I’d like to congratulate Seamus on his appointment and we look forward to his success.”

“It’s an honor to be named GAN’s CEO and I’d like to thank David and the board for their vote of confidence,” added Seamus McGill. “Going forward, our focus remains unchanged. We remain committed to a timely closing of our transaction with Sega Sammy to maximize value for all of our stakeholders.”

About GAN Limited

GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry and is a market-leading business-to-consumer operator of proprietary online sports betting technology internationally with market leadership positions in selected European and Latin American markets. In its B2B segment, GAN has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses to land-based U.S. casino operators as a turnkey technology solution for regulated real money internet gambling, encompassing internet gaming, internet sports betting and social casino gaming branded as ‘Simulated Gaming’.

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, without limitation, statements regarding the Company’s revenue guidance, the Company’s anticipated trends in revenues (including new customer launches) and operating expenses, the anticipated improvement in profitability for the second half of 2022, the anticipated launch of regulated gaming in new U.S. states, the expected integration of Coolbet’s sports betting technology and international B2C operations, 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 including those risks detailed under “Risk Factors” in our Annual Report on Form 10-K and subsequent periodic reports. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240215606790/en/

Investor Contacts:

GAN

Robert Shore

Vice President, Investor Relations & Capital Markets

(610) 812-3519

Alpha IR Group

Ryan Coleman or Davis Snyder

(312) 445-2870

GAN@alpha-ir.com

Source: GAN Limited

FAQ

Who has been appointed as GAN Limited's Chief Executive Officer?

Seamus McGill has been appointed as GAN Limited's Chief Executive Officer.

What is the ticker symbol for GAN Limited?

The ticker symbol for GAN Limited is GAN.

What is Seamus McGill's role in GAN Limited prior to being named CEO?

Seamus McGill had previously been serving in an interim capacity at GAN Limited.

What is Seamus McGill's focus after being named CEO?

Seamus McGill will be focused on guiding the company towards a timely closing with Sega Sammy Creation, Inc.

How long has Seamus McGill been with GAN Limited?

Seamus McGill has been with GAN Limited since 2014.