Losses at Smurfit jnr’s gambling firm GAN rise to almost $200m

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Losses at Smurfit jnr’s gambling firm GAN rise to almost $200m
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Losses at GAN, Dermot Smurfit junior’s online gaming company, leapt to $197.5 million in 2022 from $30.6 million in 2021, new accounts show

.

The loss was mostly driven by a sizeable goodwill impairment — that is, a write-down on the value of its business and its assets— after the acquisition of rival company Coolbet, the company said in its annual report.

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