London-listed gaming supplier GAN has appointed Rey del Valle as its next chief financial officer.
Valle assumes the role from Richard Santiago, who will leave the business on July 19th to pursue opportunities outside the industry.
He brings almost 30 years of finance experience to the role, having served most recently as SVP of finance, financial planning & analysis at advertising solutions provider OpenX. He also has experience of the online gaming industry from his time as VP of strategy and planning at YouBet.com between January 2009 and June 2010.
“I would like to congratulate Richard on the opportunity he has secured in an unrelated industry,” said GAN chief executive Dermot Smurfit. “I look forward to continuing to work closely with Richard and the finance team in the months ahead as we onboard his successor Rey del Valle and maintain full momentum on executing GAN's growth strategy.”
Commenting on his appointment as CFO-designate, Rey del Valle said: “This is an extraordinary opportunity to join Dermot 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 U.S. Internet gambling market. I look forward to transitioning into the role in the coming weeks.”
The company also announced Monday that it expects to provide at least one land-based casino in Indiana with real-money online gaming technology and services following the approval of sports betting legislation last week.
Shares in GAN plc. (LSE:GAN) were trading up 0.72 per cent at 55.90 pence per share in London Monday morning.