Nevada gaming regulators recommended a conditional two-year license Wednesday for sports betting technology provider GAN Ltd., because of recent changes in corporate management and a strategic financial restructuring effort the company is undertaking.
Approval by the Nevada Gaming Commission on Oct. 19 would give GAN the go-ahead to replace the troubled sports betting platform currently in place in Red Rock Resorts’ Southern Nevada sportsbooks.
There were already questions from the investment community about GAN, which has seen a 25 percent decline in its stock price in the past month, before Wednesday’s hearing in Las Vegas.
McGill was named CEO a week ago following the resignation of longtime CEO Dermot Smurfit, who spent a decade with the company.
