GAN - New CFO brings valuable experience

Davy Research
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The appointment of Karen Flores as GAN’s new Chief Financial Officer (CFO) comes at an important time for the group. Not only is it currently recording significant growth as the US online gambling market emerges, it also continues to work towards obtaining its US listing “as soon as reasonably practical”. As such, we note the new CFO appears to bring a wealth of experience from previous relevant roles, many in companies at the intersect of the technology and entertainment industries. Of particular note, Flores served as Senior Vice President of Finance at Maker Studios through a period when revenues rose from $2m to over $200m (ultimately sold to The Walt Disney Company for $675m in 2014).