Seamus McGill assumed the helm at the online gambling solutions provider last September, succeeding long-time leader Dermot Smurfit.
Nasdaq-listed GAN affirmed that McGill will retain his position on the company’s board of directors, concentrating on finalising its £87.7m/€100.8m acquisition by Sega Sammy Holdings.
“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,” stated David Goldberg, GAN’s chairman.
“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.”
McGill had served as non-executive chairman of GAN since January 2014, previously holding the position of president at Joingo.
He also served as chief operating officer of Aristocrat Technologies and held roles at Cyberview Technology and WMS Gaming.
Expressing his gratitude, McGill remarked, “It’s an honour to be named GAN’s CEO, and I’d like to thank David and the board for their vote of confidence.
Going forward, our focus remains unchanged. We remain committed to a timely closing of our transaction with Sega Sammy to maximise value for all of our stakeholders.”
The GAN brand will persist post-acquisition. Smurfit led GAN for over 21 years before his departure in late September.
The agreement with Sega Sammy was unveiled a month later in early November.
In November 2023, Japan-based Sega Sammy disclosed its bid for GAN, aiming to broaden its gaming business and portfolio, particularly in the US igaming market, which it considers to hold “promising” growth opportunities.
GAN shareholders overwhelmingly endorsed the transaction earlier this week. If the acquisition proceeds, GAN will merge with SSC’s new special purpose company, emerging as the surviving corporation.
This acquisition follows a strategic review initiated by GAN in Q1 last year, aiming to explore alternatives to enhance shareholder value.