Jans Svendsen, the founder of Coolbet, a company acquired by GAN last year, is very upset with Dermot Smurfit and the gambling software he leads. In a LinkedIn post, Svendsen complained about being pushed out of the business, about what he considers overpaid managers, about the dispersed nature of the business, about what he called bad deals with casinos, about the practice of paying bonuses to customers which he believes encourages addiction, and about the board, which he says is too close to the CEO.  Surely Svendsen’s biggest gripe is with his portfolio of GAN shares. GAN part-paid for his…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .