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Lottery.com secures $18.0m in funding from Prosperity Investment Management.

GCN journalistsDecember 28, 2023

Lottery technology broker Lottery.com has secured an $18.0m (£14.2m/€16.4m) investment commitment from financial group Prosperity Investment Management. Lottery.com said it will use the funds to “accelerate” its strategic acquisition plans. It also said the Prosperity investment will support market development initiatives for both its Lottery.com and Sports.com brands. Prosperity will fund Lottery.com through an investment

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Lottery.com finds new management group as McGahan turns into CEO.

GCN journalistsDecember 13, 2023

Lottery technology broker Lottery.com has announced a new senior leadership team, with Matthew McGahan taking on the role of CEO. McGahan becomes CEO on permanent basis having served in the role in the interim since July 2023. This followed the departure of Mark Gustavson after only taking the position in February at Lottery.com. McGahan joined Lottery.com as chair in October last

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Gustavson removed as CEO of Lottery.com.

GCN journalistsJuly 21, 2023

Lottery.com chief executive Mark Gustavson is stepping down with immediate effect as chairman Matthew McGahan takes temporary charge. The troubled lottery technology broker announced a raft of further appointments. A new chief financial officer started last week, and two independent board members – including a Hollywood actor – have been appointed. Gustavson only joined Lottery.com