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8-K: Current report

SEC ·  May 1, 2024 23:24

Summary by Futu AI

On April 29, 2024, Lottery.com Inc., a leading technology company in the lottery and gaming sector, announced the appointment of Warren Macal to its Board of Directors. The appointment follows a significant $18 million investment commitment from Prosperity Investment Management (PIM) in December 2023, which is intended to support the company's strategic acquisitions and market development. Macal, the Managing Director at PIM and head of its Motorsport Investment Division, is recognized for his 15 years of experience in wealth management and strategic financial planning, particularly for high-net-worth individuals and professional athletes in motorsports. His expertise is expected to be particularly beneficial as Lottery.com expands its global reach, product offerings, and develops its Sports.com brand. The brand aims to become...Show More
On April 29, 2024, Lottery.com Inc., a leading technology company in the lottery and gaming sector, announced the appointment of Warren Macal to its Board of Directors. The appointment follows a significant $18 million investment commitment from Prosperity Investment Management (PIM) in December 2023, which is intended to support the company's strategic acquisitions and market development. Macal, the Managing Director at PIM and head of its Motorsport Investment Division, is recognized for his 15 years of experience in wealth management and strategic financial planning, particularly for high-net-worth individuals and professional athletes in motorsports. His expertise is expected to be particularly beneficial as Lottery.com expands its global reach, product offerings, and develops its Sports.com brand. The brand aims to become a leading destination for sports entertainment with interactive content. Macal's appointment is part of a broader strategic partnership between PIM and Lottery.com, which includes leveraging sports partnerships and expanding into new digital sports and gaming markets. The CEO of Lottery.com, Matthew McGahan, highlighted Macal's wealth management knowledge and strategic insight into the sports sector as key advantages for the company's board. Macal expressed enthusiasm for his nomination and the opportunity to blend his investment and sports management skills with digital gaming and content creation.

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