Casino technology firm GameAccountNetwork, which is headed by Dermot Smurfit junior, has raised £22.2 million (€26.5 million) in a successful placing of new shares.

The London-based company expects to be admitted to the ESM market of the Irish Stock Exchange and the AIM market of the London Stock Exchange later this month.

The company will have a market capitalisation of about £75 million (€90 million).