Seamus McGill Confirmed as GAN’s CEO
Date: 2024-02-17 Author: Dima Zakharov Categories: EVENTS
Seamus McGill's Appointment as CEO
Seamus McGill has been appointed as the permanent CEO of GAN, a major player in online gambling solutions. McGill had been serving as the interim CEO since September, following the resignation of the previous CEO, Dermot Smurfit.
Board's Confidence in McGill
The Nasdaq-listed company, GAN, expressed full confidence in McGill's leadership abilities. David Goldberg, GAN’s chairman, emphasized McGill's extensive experience within the company, spanning back to 2014. McGill's understanding of GAN’s products, customers, and strategy has been cited as pivotal in his appointment.
McGill's Background
Before his stint as interim CEO, McGill served as the non-executive chairman of GAN since January 2014. Prior to that, he held significant positions in companies like Joingo, Aristocrat Technologies, Cyberview Technology, and WMS Gaming.
Future Plans
McGill affirmed the company's commitment to its ongoing business objectives. He particularly emphasized the importance of finalizing GAN’s acquisition by Sega Sammy Holdings, valued at $107.6 million. This acquisition aims to maximize value for stakeholders and propel the company forward.
GAN's Future Post-Acquisition
Despite the change in leadership and impending acquisition, GAN’s brand will continue to thrive. The acquisition by Sega Sammy Holdings is expected to fuel expansion, particularly in the US iGaming market, identifying promising growth opportunities.
Approval and Merger
The shareholders of GAN have overwhelmingly voted in favor of the acquisition. If the deal proceeds as planned, GAN will merge with Sega Sammy Creation’s new special purpose company, with GAN emerging as the surviving corporation.
This move follows a strategic review initiated by GAN in the first quarter of the previous year, aiming to enhance shareholder value through strategic alternatives.
