GAN raises £1.3 million as Dermot Desmond lifts stake

IIU Nominees has acquired a further 4.6% stake in the online gaming company

Dermot Desmond
GAN chief executive Dermot Smurfit Junior

GAN,the online gaming company headed byDermot Smurfit Junior, has raised £1.3 million (€1.5 million) through the placing of 3.25 million shares, or 4.6 per cent of the enlarged company, with Dermot Desmond's investment firm, IIU Nominees, a long-standing shareholder.

The company plans to use the proceeds of the placing to accelerate ...