Tag Archives: Dermot Smurfit

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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Game Account Network re-brands to GAN

Digital gaming systems and content provider Game Account Network has announced the it has re-branded its corporate assets to GAN, effective as of 9 September. The Company commences trading as ‘GAN’ immediately and will launch its new-look logo and design schema at today’s eGaming Review North America’s “Power50” Internet gaming conference at Pelican Hill hotel, Newport Beach, California. Giving further …

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Game Account opens new US office in Las Vegas

Focusing of further expansion for the North American igaming and gambling markets, industry developer and software supplier Game Account Network, has announced the opening of its Las Vegas Nevada office. Dedicated to expanding US commercial opportunities, the new Game Account space is over three times larger than the former campus, and is scalable to support the expanding game publishing and …

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GameAccount reports £2.6 million profits loss in 2014

Igaming developer and software provider GameAccount posted top line metric declines for its year end 2014 performance, as the operator’s governance emphasised that 2014 had been a year of re-structuring and re-investment for the company. GameAccount recorded a net revenue decline to £7.5 million down 39% on FY 2013 £12.3 million. Its declining revenue performance would translate to a clean …

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Tom Grant joins GameAccount Network as Head of Legal

GameAccount Network   has confirmed the appointment of Tom Grant to the newly created post of Head of Legal, with immediate effect. Tom, who previously worked as Senior Legal Counsel for The Rank Group, joins from top tier gaming specialist law firm Harris Hagan where he was a Partner. Heralding the appointment, Dermot Smurfit, CEO at GameAccount said: “Tom has directly …

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