Mr. Chang had previously been serving in an interim capacity

IRVINE, Calif., April 02, 2024--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the "Company" or "GAN"), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Brian Chang has recently been named the Company’s Chief Financial Officer. Mr. Chang had previously been serving in an interim capacity.

Mr. Chang will be focused on guiding the Company towards a timely closing with Sega Sammy Creation, Inc. ("Sega Sammy").

"I’d like to congratulate Brian on his appointment to permanently lead our finance team. Brian has proven his financial acumen having served as our interim Chief Financial Officer and he has the full backing of the board of directors," said David Goldberg, the Company’s Chairman of the Board. "Brian’s proven leadership amongst the financial team and strong knowledge of accounting and financial controls leave us confident that he is the right person to guide us to a successful close of our merger with Sega Sammy."

"Brian is a highly capable financial leader and has been an important member of the team since 2021," added Seamus McGill, GAN’s Chief Executive Officer. "I’d like to congratulate Brian on his appointment, and I look forward to a continued good working relationship with him."

"I’d like to thank both Seamus and the Board for their confidence," added Brian Chang. "I look forward to the opportunity to continue to lead our finance team toward a successful closing of our merger with Sega Sammy."

About Brian Chang

Mr. Chang has served as the Company’s interim Chief Financial Officer since November 2022. Previously, he had served as GAN’s Senior Vice President and Corporate Controller since September of 2021. Prior to his service at the Company, from 2014 to 2021, Mr. Chang served as the Vice President of Accounting and Reporting at Alorica, Inc. Previously, Mr. Chang was an audit manager at Deloitte. Mr. Chang brings substantial experience in financial reporting and process optimization, and has overseen successful integrations, divestitures, and restructuring efforts. Mr. Chang holds a Bachelor of Arts, Economics from the University of California, Irvine and a Masters of Accounting from the University of Southern California.

About GAN Limited

GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry and is a market-leading business-to-consumer operator of proprietary online sports betting technology internationally with market leadership positions in selected European and Latin American markets. In its B2B segment, GAN has developed a proprietary internet gambling enterprise software system, GameSTACK?, which it licenses to land-based U.S. casino operators as a turnkey technology solution for regulated real money internet gambling, encompassing internet gaming, internet sports betting and social casino gaming branded as ‘Simulated Gaming’.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate" and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements including those risks detailed under "Risk Factors" in our Annual Report on Form 10-K and subsequent periodic reports. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.

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Contacts

Investor Contacts:

GAN
Robert Shore
Vice President, Investor Relations & Capital Markets
(610) 812-3519

Alpha IR Group
Ryan Coleman
(312) 445-2870
[email protected]