Internet gaming software provider GAN Ltd. named a longtime casino industry corporate finance executive to oversee investor relations.
Robert Shore, who has more than 15 years of experience in corporate finance, investor relations, and Wall Street research, was named vice president of investor relations and capital markets for GAN, which provides software for igaming, online sports betting, and social gaming.
Shore will oversee GAN’s efforts with the investor community and gaming analysts concerning the company’s positioning in the digital gaming space. He most recently served as senior director of investor relations and corporate finance for Scientific Games.
“Bobby is a seasoned professional with extensive experience in corporate finance and investor relations, along with a proven track record on Wall Street,” GAN CEO Dermot Smurfit said in a statement. “We believe his strong gaming experience and deep-rooted relationships within the industry will be extremely valuable as we continue to increase our visibility with institutional investors and propel GAN to the next level.”
Last spring, GAN raised $62.4 million through its initial public offering, almost double its announced expectations. As part of the IPO, GAN completed a reorganization and share exchange, in which United Kingdom-based GAN plc became a wholly-owned subsidiary of GAN Ltd., which is based in Irvine, California.
The company also reached deals last year for its igaming software in Pennsylvania and Michigan. Through its Coolbet division, the company provides online sports betting technology.
“There is clear excitement and momentum in digital gaming, and I am eager to further contribute to GAN’s leadership position and operational excellence in this segment,” Shore said.
With Scientific Games, Shore was actively involved in roughly $4 billion in financing transactions, including the IPO of SciPlay, the company’s social gaming subsidiary.
Shore previously worked as a gaming industry equity analyst with Wells Fargo, Union Gaming, and Susquehanna International Group.
Howard Stutz is the executive editor of CDC Gaming. He can be reached at hstutz@cdcgaming.com. Follow @howardstutz on Twitter.
