LTRY - InvestorNewsBreaks - Lottery.com (NASDAQ: LTRY) Names Seasoned Veteran as New CEO
Lottery.com (NASDAQ: LTRY), the world’s leading provider of lottery results data servicing global publishers, search engines, and voice assistants, has appointed a new CEO: Mark Gustavson. The appointment was effective Feb. 1, 2023. Gustavson will also serve as principal executive officer and principal financial/accounting officer of the company until a replacement is found. Gustavson bring impressive experience in an array of spaces, including business development, transactional, alliance management, finance, operational, company formation, and IP experience with emerging businesses. He has served in senior management positions in a variety of technology companies where he managed everything from acquisitions and strategic collaborations to ordinary course transactions. Most recently, Gustavson cofounded ZENIOS Technologies Corporation, where he currently serves as CEO. In his new role, Gustavson will focus on building out operational capacity, driving revenue opportunities and restarting and growing the company’s core business. “We are delighted to have Mark as our new CEO,” said Lottery.com chair Matthew McGahan in the press release. “Mark is a seasoned business leader, with significant experience of turning companies to success. We believe the Company will greatly benefit from Mark's extensive know-how and we are excited about his ability to further develop our engaging mobile and online platforms. We look forward to Mark's executive direction as Lottery.com returns its focus to its operations and continuing its turnaround strategy."
To view the full press release, visit https://ibn.fm/HHM0e
About Lottery.com
Lottery.com, Inc. is a leading technology company whose goal is to transform how, where and when lotteries are played. The company plans to re-engage mobile and online platforms to enable players and commercial partners located throughout the United States and other countries to remotely purchase safe and legally sanctioned lottery games. Lottery.com is in the process of re-engaging its operations with various counterparties so lottery participants across the world will be able to look to the company's website, Lottery.com, for compelling, real-time results on, depending upon circumstances, more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, Lottery.com plans to fundamentally change how nonprofit donors are incentivized to action by gamifying charitable giving. In all that it plans to do, Lottery.com will remain focused on its mission: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives. To learn more about the company, visit www.Lottery.com.
NOTE TO INVESTORS: The latest news and updates relating to Lottery are available in the company’s newsroom at https://ibn.fm/Lottery
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