Dermot Smurfit jr, chief executive of GAN, the Las Vegas-based gambling software company: debt funding announcement comes after a difficult period for GAN in which its share price has slumped. Picture: Bryan Meade
GAN, Dermot Smurfit’s Las Vegas-based gambling software company, has struck a $30 million debt funding deal with Beach Point Capital, the American lender, which will help it return capital to its shareholders and pursue deals. The company said in an announcement last week that the funds would be “focused on funding existing high-return B2B investments”, meaning buying other businesses, as well as “execution of the previously announced $5 million share repurchase”....
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