Smurfit family swaps shares in gambling company GAN

Smurfit Kappa chief executive Tony Smurfit has trimmed back his holding in his cousin Dermot Smurfit jr’s online gaming company GAN by distributing shares to other family members, including family patriarch Michael Smurfit.

While the precise breakdown of who received the shares is not disclosed in stock market filings, Tony Smurfit’s position was pared down from 6.4 per cent to 4.8 per cent. Had Smurfit sold them on the open market, the shares ...