GAN Limited (GAN) has accepted the resignation of Dermot Smurfit from his position as CEO

September 27, 2023 9:00 AM EDT

GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, announced that its Board of Directors has accepted the resignation of Dermot Smurfit from his position as the Company’s Chief Executive Officer and as a director of the Company and its operating subsidiaries. The Company and Mr. Smurfit are evaluating a consulting arrangement for Mr. Smurfit, who remains a substantial stockholder in the Company.

The Company has appointed Seamus McGill, its current Chairman of the Board, to the position of Interim Chief Executive Officer effective as of September 26, 2023. Mr. McGill brings 25 years of experience in the gaming and technology industries and joined the Board of GAN in April 2014.

“On behalf of the entire Board and GAN team, I want to extend our appreciation to Dermot for his commitment to the Company since joining twenty years ago. Under Mr. Smurfit’s leadership, GAN experienced many great accomplishments and reached numerous milestones as a Company,” commented McGill. “Having served on the Board since 2014, I have a deep understanding of the Company, our talented teams, and our market position. I am honored to assume leadership of all of the Company’s executive functions and have been heavily involved in our ongoing strategic review process. We will continue to evaluate the indications of interest that we have received and will work to optimize the process and its outcome for shareholders in due course.”

Seamus McGill Background

Mr. McGill brings 25 years of direct industry experience and has been a member of the board of directors for over nine years. Previously, Mr. McGill was President of JOINGO, a mobile software company. Prior to JOINGO, Mr. McGill spent five years at Aristocrat Technologies Limited as Chief Operating Officer helping drive outsized growth in North America including changing the strategic focus to recurring revenue games. Prior to Aristocrat, Mr. McGill was President of Cyberview Technology, Inc. and orchestrated its sale to International Game Technology plc. Mr. McGill held senior positions at WMS Gaming Inc. and as managing director of international operations helped spearhead the company’s growth into several new markets across the globe. He started his career in gaming with Mikohn Gaming Corporation. Prior to moving to the U.S., Mr. McGill worked for 7 years in Japan and 3 years in Singapore.

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