GAN appoint new CFO prepared for “rapid growth” in US
Irish-based online gambling services provider GAN has appointed Richard Santiago as their new CFO, a man who has worked for a wide range of US-based internet companies. Santiago currently works for EatStreet, where he will remain until 18 June 2018 when he is expected to join GAN.
The decision to appoint Santiago to CFO based out of the company’s Las Vegas office is a continuation of GAN’s strategy of expanding into the US, following on from its proposed equity subscription of £7.5m ($10m) to US investors earlier this month.
Commenting on the new appointment Dermot Smurfit, CEO of GAN, said: “After an extensive multi-month process I’m delighted to announce Richard’s future membership of GAN’s leadership team as our Chief Financial Officer.
“Richard’s proven experience in fast-growing companies in diverse US internet industries, combined with excellent operational capabilities will provide GAN’s leadership team with substantial incremental bench strength as we continue to deliver on our US-facing growth strategy. I look forward to welcoming Richard to GAN this summer.”
GAN are looking to benefit from Santiago’s ‘substantial operational and strategic financial expertise’ as they attempt to improve their US service offerings through the proposed equity subscriptions additional funding.
Discussing his new role Santiago added: “GAN sits within the intriguing intersection between the overlapping industries of online videogames and gaming/gambling with their intriguing Simulated Gaming offering an exciting entertainment experience designed specifically for casino patrons of America.
“US regulation of real money internet gaming and, potentially, internet sports betting also appears to be gaining momentum which positions GAN for rapid growth which I have substantial strategic financial experience in helping Dermot and the existing leadership team manage.”
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