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Lottery.com Announces Changes to Executive Management Team and Board of Directors
Lottery.com Inc. announced that United Capital Investments London Ltd. (UCIL) has agreed to enter into a funding agreement with the Company. The terms and conditions of the deal are not disclosed. The Company said it will disclose specific terms and conditions of the deal once both parties have finalized the definitive agreement.
The Company also announced changes to its Board of Directors and executive management aimed at further enhancing corporate governance and strategic leadership, by drawing from deep talent within the world of finance, entertainment, and sport. These changes reflect the Company’s commitment to sustained growth and innovation in the gaming, sport, and entertainment industries.
New Interim CEO
On July 20, 2023, the Board of Directors made the decision to terminate Mark Gustavson from his role as Chief Executive Officer of the Company. In his place, Matthew McGahan, Chairman of the Board of Directors, has been appointed as interim Chief Executive Officer.
McGahan brings a wealth of experience and expertise to the role, having been an integral part of the Company’s turnaround to date. This appointment ensures the continuation of the management of the Company under a safe, talented, and skilled pair of hands.
New CFO
On July 14, 2023, the Board of Directors appointed Robert J. Stubblefield as Chief Financial Officer of the Company, effective immediately. Mr. Stubblefield brings with him extensive financial expertise, having recently served as the chief financial officer of Demeta Inc. and Regnum Corp. His successful tenure as a financial executive in various start-up, early-stage growth, and public companies speaks to his ability to drive the Company’s financial strategy and revenue initiatives.
“Mr. Stubblefield has been a key member of the consulting team that helped the Company regain regulatory compliance with Nasdaq. The Company was extremely fortunate to find someone with his background to step in and assume a leadership role over the last four months, during which he gained significant knowledge about the Company and its operations. His wealth of financial experience and leadership will be invaluable as we begin to execute our growth plans now with the support of our new investment partner, UCIL,” Interim CEO Matthew McGahan said.
“I am eager to join the Lottery.com team at such an important time for the Company. I look forward to leveraging my years of experience to guide the Company in implementing sustainable financial processes and controls. I am grateful to be working alongside an energetic group of leaders to advance the Company’s strategic goals, rebuild our domestic and international revenue engines, and focus the Company’s efforts on delivering maximum shareholder value. It’s an exciting time to join this organization as we prepare to fully realize the revenue-generating power of our two primary assets: lottery.com and sports.com,” said Rob Stubblefield, Lottery.com’s new CFO.
Independent Non-Executive Directors
In line with its ongoing restructuring and commitment to improving compliance, corporate governance, disclosure, and reporting structures, as well as boosting its offerings to customers, Lottery.com announced two new independent non-executive directors to its Board.
Tamer Hassan, renowned actor, entrepreneur, and founder of The Tamer Hassan Academy of Acting, joins the Board as an independent non-executive director.
With an illustrious career in the film and television industry, Mr. Hassan’s entrepreneurial skills have also led him to success in entertainment, sports, leisure, and hospitality ventures. He has a passion for supporting emerging talent in both the UK and Cyprus and has a strong track record in business ventures across various industries.
Mr. Hassan said: “My journey as an actor and entrepreneur, working successfully over many years with some of the biggest household entertainment brands, has given me unique insights into industry, and I look forward to contributing my expertise to the growth and success of Lottery.com.”
The second new non-executive addition to the Board is Paul Jordan, a commercial motorsport specialist with extensive international experience in sponsorship, acquisitions, and communication. With an impressive career spanning over four decades, Mr. Jordan has held senior positions with top Formula One teams and renowned motorsport brands. His ability to foster positive relationships with governing bodies, promoters, and government officials has earned him respect and admiration from peers and former colleagues.
“We are delighted to welcome both Paul and Tamer to our Board. Their vast experience and achievements in the sports and entertainment industries will undoubtedly be an asset to our strategic decision-making process,” Chairman Matthew McGahan said.
These Board changes come as part of Lottery.com’s dedication to maintaining a strong leadership team and ensuring the Company’s continued growth and success in the global gaming market.
Mr. McGahan added: “Lottery.com is committed to maintaining transparency, innovation, and excellence in its operations and governance. With the funding partner announced today and the Board changes in place, the Company is well-positioned to advance its mission and create value for all stakeholders.”
Here are this weeks latest slots releases compiled by European Gaming
Tom Horn Gaming is thrilled to announce the launch of its latest Hold & Win slot game, Majestic Coins. This high-volatility 3×3 slot takes players on a winning quest, where shimmering coins, respins, and grand jackpots lead to massive wins. Set against a sleek black 3×3 reel grid with 5 win lines, Majestic Coins offers classic slot excitement with a modern twist.
Candy Links Bonanza 2 is the newest slot game from Stakelogic, inviting you to wander through magical realms filled with delightfully sweet treats. Amidst this charming backdrop, two 5×5 grids are placed side by side. The grid on the right is where all the gameplay unfolds, while the other grid collects coins. Forming lines of coins wins their values and activates the powerful Wheels of Fortune!
Step into a world where opulence meets nature in Zillion’s latest release, Royal Crown Fruits – a dazzling slot experience filled with vibrant fruit symbols, golden crowns, and thrilling rewards. With 20 winning lines, the game blends classic charm with modern excitement, offering players a chance to strike royal-sized wins.
Big Time Gaming is back with its most exhilarating instalment yet. Max Megaways III invites players to gear up and embark on a high-stakes Arctic mission that’s shaken, stirred, and loaded with epic rewards. In this 6-reel Megaways™ slot, players get up to 117,649 ways to win, and that’s just the start of the action. Armed with MegaDozer™ mechanics, Free Spins, and a treasure trove of bonuses, Max Megaways III is set to deliver edge-of-your-seat excitement like never before.
Play’n GO delves into the mysteries of ancient Egypt with the release of Myth of Dead, a visually stunning slot that combines engaging gameplay with the allure of legendary treasures. This 5-reel, 3-row game with 10 paylines offers a captivating journey into a world ruled by powerful deities and golden riches.
Belatra Games, the specialist online slots developer, has released Blast the Bass, a brand new title that immerses players into an adventure on the open seas. Set out in the deep ocean, Blast the Bass brings together engaging mechanics, big bonus features and fun graphics that entertain players on every spin. A salty old skipper acts as the Wild symbol and will substitute for all regular symbols to combine for winning lines.
Push Gaming has launched Mad Blast, a volatile, multiplier-focused, pay-anywhere game that builds crazy robots along with wild winnings. Set in the workshop of the Mad Tinkerer, quirky, colourful bomb symbols populate the reels, with eight or more required to award a win. Winning symbols are removed from play, and the cascade of replacement icons allows subsequent wins to be formed.
Relax Gaming has revealed Glyph of Gods, an Egyptian-themed slot where hieroglyphs hold the key to wins. Bringing a fresh take on the much-loved Egyptian theme, this game features Glyph Positions which allow for Wild, Bonus, and Glyph symbols to land in dedicated spots, opening up multiple opportunities for big winning moments.
Blueprint Gaming returns in style with Big Catch Even Bigger Bass, offering a plethora of modifiers to maximise players’ winning potential. After years of success with its iconic Fishin’ Frenzy™ series, Blueprint has moved from the ocean to a picturesque lake where a bait box of aquatic symbols take their place on the 6×4, 4,096 win matrix, nestled in a mountainous landscape.
Amusnet announces the exclusive launch of 20 Wild Goals at Betano in Romania from February 20th to March 24th, 2025. 20 Wild Goals is a 5-reel video slot set in a stadium environment, offering 20 paylines. The Wild symbol, represented by a ball, expands to cover the entire reel, boosting the potential for higher wins. The tumbling reel feature adds a layer of excitement by removing winning combinations and increasing multipliers with each subsequent spin.
The post Week 8/2025 slot games releases appeared first on European Gaming Industry News.
Amusnet announces the exclusive launch of 20 Wild Goals at Betano in Romania from February 20th to March 24th, 2025. This collaboration further strengthens the company’s long-term partnership with the operator and reflects Amusnet’s focus on providing localized gaming solutions to meet the needs of the Romanian market.
“With a clear focus on delivering localized, high-quality content, we continue to foster our mutually beneficial collaboration with Betano. By providing tailored gaming experiences, we ensure both Amusnet and our partners drive growth, meet player expectations, and strengthen our collective presence in the region,” said Andreea Popa, Commercial Manager at Amusnet Romania.
20 Wild Goals is a 5-reel video slot set in a stadium environment, offering 20 paylines. The Wild symbol, represented by a ball, expands to cover the entire reel, boosting the potential for higher wins. The tumbling reel feature adds a layer of excitement by removing winning combinations and increasing multipliers with each subsequent spin. The game presents a dynamic and engaging experience designed to appeal to players seeking thrilling gameplay.
Features
Expanding Wild
During the base game, the Wild symbol expands on the whole reel and substitutes for other symbols, increasing the winning potential.
Tumbling Reels with Increasing Multiplier
Winning symbols disappear, making way for the symbols above them while increasing the multiplier with each consecutive win. If new winning combinations appear on the screen after filling the empty positions, they are multiplied by Multiplier, which starts from x2 and increases by 1 with every consequent Tumbling Reels Feature.
Jackpot Cards
The four-level mystery jackpot bonus game Jackpot Cards is also available, just like in the rest of Amusnet’s Online Casino portfolio.
The post Amusnet Deepens Collaboration with Betano for Exclusive Launch of 20 Wild Goals appeared first on European Gaming Industry News.
International Game Technology PLC announced that it has achieved an environmental, social and governance (ESG) Score of 4.3 out of 5.0 from FTSE Russell, positioning IGT in the 97th percentile within the Travel and Leisure sector of FTSE Russell’s ESG Scores. This was an improvement from IGT’s previous ESG Score of 4.2 out of 5.0 in 2023, demonstrating its ongoing commitment to enhancing ESG performance.
“As a company committed to continually elevating our sustainability practices and leadership, IGT is proud to once again achieve an improved ESG score from FTSE Russell. Through our global Sustainable Play program, we execute sustainable practices and policies throughout our company and this improved score validates our ongoing efforts,” Wendy Montgomery, SVP of Marketing, Communications and Sustainability at IGT, said.
FTSE Russell’s ESG Scores and data model allows investors to understand a company’s exposure to, and management of, ESG issues in multiple dimensions. The ESG Scores are comprises an overall rating that breaks down into underlying pillar and theme exposures. Scores built on over 300 individual indicator assessments are applied to each company’s unique circumstances. The ESG Scores align with the UN Sustainable Development Goals (SDGs), all of which are reflected in FTSE Russell’s ESG framework.
The post IGT Achieves Improved ESG Score from FTSE Russell appeared first on European Gaming Industry News.
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