GAN appoints new CFO as it eyes Indiana

London-listed GAN has announced the appointment of a new chief financial officer as the software supplier prepares for an imminent launch in a second, possibly third US state.

From mid-July, Rey del Valle will take over the top finance job from Richard Santiago, who is leaving the industry.

Del Valle has extensive experience in senior finance positions in the US, with roles at OpenX, DTI Management, AXS Ticketing and Ticketmaster on his CV.

He has also previously worked in the gaming industry, having been vice president of strategy and planning for Youbet.com, an ecommerce platform that was sold to Churchill Downs back in 2010.

Del Valle said: “This is an extraordinary opportunity to join Dermot [Smurfit, GAN CEO] and his leadership team to help develop their unique software-as-a-service tech company with a hard-earned market leading position in the fast-regulating US internet gambling market. I look forward to transitioning into the role in the coming weeks.”

Smurfit said that the hire would help the company “maintain full momentum on executing GAN’s growth strategy”.

The company also signalled that its growth strategy would include Indiana, where sports betting legislation was signed into law last week.

Read the full story on the iGB North America site now.

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