Tech

Dermot Smurfit sells $2m worth of shares in gaming company GAN

Former founder and chief executive cashed out after Sega deal valued firm at $85 million

Dermot Smurfit junior stepped down after the company endured a period of difficult trading. Picture: Bryan Meade

Dermot Smurfit junior, the founder and former chief executive of Nasdaq-listed gaming company GAN, has sold $2 million worth of shares in the company, stock exchange filings show.

Smurfit sold the shares in two tranches, one of $663,363 and the other $1.4 million, as the company’s value rose after the announcement that the company is to be sold to Sega Sammy Holdings.

Sega, the Japanese maker of popular games such as Sonic the Hedgehog, will ...