Tag Archives: Dermot Smurfit

MGM Resorts CEO Bill Hornbuckle joins iGaming speaker line-up for SBC Digital North America

Bill Hornbuckle at SBC Digital North America

MGM Resorts International CEO & President Bill Hornbuckle, has joined the senior executive speaker line-up for the Leaders in iGaming track at June’s SBC Digital North America conference and trade show. Set for June 10, day two of the online event, the Leaders in iGaming track will feature an in-depth examination of the future of this exciting new segment of …

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GAN lauds Coolbet asset outperforming all expectations

Malta-registered sports betting operator Coolbet has ‘outperformed expectations’ according to GAN Plc’s Q1 2021 financial update, delivering $14.3 million in revenue. GAN closed its acquisition of Coolbet in January 2021, integrating the firm’s sports betting technology and operations, with the long-term goal of leveraging the Estonian operator’s capabilities and experience to enhance its position in the US market. Under the …

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GAN acquires Coolbet for €150m to accelerate sportsbook ambitions

GAN Plc has reached a ‘definitive agreement’ to acquire Malta-licensed operator ‘Coolbet’ for a total consideration of €149 million. The igaming software supplier will acquire Coolbet from its operating firm Vincent Group Malta, which will see it takeover the operator’s brand IP, trading and proprietary software assets.  Updating investors, GAN branded Coolbet one of the fastest-growing European B2C operators, who …

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Rey del Valle replaces Richard Santiago as GAN CFO

London-listed GAN Plc, a specialist supplier of online gambling software solutions for the US market, has confirmed the departure of Richard Santiago as Chief Financial Officer and Executive Director. Santiago departs GAN executive team to pursue opportunities ‘unrelated to the global gambling sector’. The company has informed that Santiago will be replaced as CFO by Rey del Valle, a seasoned …

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FanDuel extends GAN contract for ‘rapid US deployments’

London-listed, US market turnkey systems provider GAN Plc has this morning communicated the ‘signing of a material long-term contract’ significantly expanding its existing relationship with FanDuel Group. Updating the market, GAN governance details that the company will act as FanDuel’s platform for ‘rapid internet casino deployments’. Furthermore, GAN’s platform provisions will be utilised by FanDuel as lead player management systems …

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GAN and SBTECH form strategic US partnership

Updating the market, B2B gambling enterprise turnkey systems provider GAN has confirmed that it has entered a strategic US services partnership with betting platform and software supplier SBTECH.  The partnership will see SBTECH’s sports betting provisions integrated within GAN’s enterprise platform software ‘GameSTACK’. Moving forward, GAN management will be able to offer sports betting services to ‘select partners’ of its …

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Dermot Desmond invests £1.3 million in GAN

Irish finance magnet Dermot Desmond has invested £1.3 million (€1.5 million) in London AIM listed igaming systems provider GAN. Updating the market, GAN governance revealed that Desmond’s IIU Nominees (IIU) had purchased +3 million shares in the firms new share placement. Desmond’s purchase sees IIU take an approximate 5% equity in GAN. GAN governance stated that the funds would be …

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GAN Plc raises £450,000 through David Capital Partners Chicago

London AIM-listed GAN Plc (formerly GameAccount Network) has welcomed Chicago financial advisory David Capital Partners as new investors raising £450,000 for its business. GAN governance declared that the firm had conducted a new share placement of 1.5 million ‘ordinary shares’ issued at a price of 30p. The completed purchase will see David Capital hold 2.2% of total share capital of …

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GAN closes tough 2015 with £5.6 million losses

Online gambling B2B supplier GameAccount Network (GAN) closes a tough fiscal 2015 (period ending December 2015) reporting that its operating losses have doubled to £5.6 million (FY 2014:£2.6 million). Detailing full-year 2015 metrics, GAN recorded a net revenue decrease of 8% to £6 million (FY 2014: £6.5 million). Closing 2015 GAN would report clean EBITDA losses of £3 million (FY …

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GAN appoints Michael Daly as North America Systems VP

Digital gaming content and systems provider GAN (formerly known as Game Account Network) has announced the appointment of Michael Daly as its Vice President of Systems for North America.   Daly joins GAN, having served as CEO of Nevada based Automated Cash Systems (2014-2015). Daly has prior experience in the gambling industry having served in numerous senior management roles from …

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