Seamus Mc Gill has been confirmed in his role as GAN’s Chief Executive after having served the position on an interim basis from last September.
McGill took over the helm of the company’s online gambling services provider in September last year after Dermot Smurfit, the long-time leader, resigned.
Nasdaq listed GAN announced that McGill would remain as a director and focus on the completion its $100.7m ($107.6m/PS87.7m/EUR100.8) buyout from Sega Sammy Holdings.
David Goldberg said that GAN chairman David Goldberg was confident in Seamus’ experience and leadership to become the next GAN CEO.
Seamus is a long-time employee of GAN and understands the products, clients and strategies. Seamus’ appointment is a great honor for the board and I congratulate him on it. We look forward to seeing his progress.
McGill was non-executive chair of GAN, since January 2014. Prior to that he had served as president of Joingo. McGill also worked as the chief operating officer at Aristocrat Technologies, Cyberview Technology and WMS Gaming.
McGill stated: “It is an honor to be appointed GAN’s new CEO. I would like to thank David, the board and their confidence.
Our focus is unchanged. “We remain committed to the timely completion of our Sega Sammy transaction to maximize value for our shareholders.”
GAN to continue as a brand following acquisition
Smurfit led California-headquartered GAN as CEO for more than 21 years before his departure was confirmed in late September. Early November, less than a week after the announcement of the agreement, Sega Sammy announced its own deal.
Sega Sammy, a Japanese company, announced its intention to bid on GAN by November 2023. It said that it hoped to grow its gaming business as well as its portfolio of games. Sega Sammy Creation, a division of the company that operates Paradise City Japan’s integrated resort, also provides gaming content and equipment through Sega Sammy Creation.
Sega Sammy has said that it is focusing on “promising growth opportunities” in the US.
GAN’s shareholders approved the deal by a large majority earlier in this week. GAN and SSC will merge if the deal goes through. GAN is the only corporation that will survive this merger.
This acquisition follows a review of GAN’s strategic direction that was launched during Q1 2013. GAN stated that it would be looking for strategic options to increase value for its shareholders.
