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Lottery.com, Inc. appoints new Chairman and additional Board directors

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Lottery.com Inc. Announces Successful Fundraising and Acquisition Update

 

Lottery.com, Inc., a global tech company delivering trusted gaming solutions wherever lotteries are played, announces the appointment of an existing director, Matthew Howard McGahan as Chairman of the Board. This announcement comes at a transformational time for the Company.

The company has also appointment two new Board members; Barney Battles and Naila Chowdhury. These appointments fill two recent vacancies on the Company’s Board. The Company looks forward to benefiting from Barney’s significant professional accountancy related expertise and Naila’s experience in building global business partnerships.

Matthew H. McGahan is a seasoned investor and entrepreneur with vast experience in turnarounds and distressed projects. After graduating from Guildford Engineering Technology College, he joined his family’s business, Pinewood Motor Group, which was founded in 1969. He became the first dealer to bring Toyota Motor Corporation to the United Kingdom. Matthew also founded Magic Automotive Group which developed into one of the largest Harley-Davidson and BMW dealerships in Europe. He sold the Group in 2010 and went on to become a successful investor building a portfolio which included a sizeable property portfolio, as well as investments in several sectors including motorsports, EV, technology, minerals, mining, recycling, fintech and medical research. Matthew is also the founder of the UK charity “Mask Our Heroes” created in memory of his father, who was a victim of the COVID-19 pandemic. In the first months of the pandemic, it flew in over 30 million surgical masks for distribution to hospitals and care homes throughout the UK.

Barney Battles is the Founder of The League of Angels, a network of UHNW international members investing in fast growth British ventures with a global impact and strong corporate values. Barney is also the former co-owner of Jackpot Games, a Maltese online gaming venture that was sold to a large German media group. Additionally, Barney is the former senior advisor to the Rank Group PLC (LSE: RNK), where he focused on Grosvenor Casinos and Bingo, a UK-based chain of 53 casinos located in major towns and cities across the UK and 76 bingo clubs located in Belgium, Spain, and the UK. During his time at Grosvenor Casinos and Bingo, Barney focused on delivering interactive digital gaming formats across their retail footprint. He also has extensive FTSE experience working in Executive Chairman and CFO roles in turnaround or high growth sectors and is a former CFO of London’s largest digital [marketing] agency. Barney has a master’s degree in computing science from the University of Aberdeen and was formerly a Scottish Chartered Accountant with Ernst & Young.

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Naila Chowdhury has 25 years of leadership experience in senior management in private, public, and non-profit organizations globally. She is co-founder and former CEO of “Pillar 4 Dignity” that supports and empowers underserved women and girls worldwide who face social and economic challenges. For many years, she actively worked for the economic empowerment of young people through a heavy focus on digital inclusion in technology, and programs to change specific national policies and procedures. Her experience therefore perfectly syncs with action that Lottery.com is taking to fundamentally change how non-profit donors are incentivized to action by gamifying charitable giving. Naila is also a global networker with a proven record of building bridges to foster strategic partnerships. She holds an Executive MBA from the Stockholm School of Economics.

Matthew McGahan, Chairman, Lottery.com, said, “My appointment as Chairman comes at an important inflection point for the Company. We are now seeking to recapitalize and engage in a revitalized growth strategy in a changed business environment. Lottery.Com, Inc. has fine-tuned its management team, who work together with an outstanding, knowledgeable, and self-driven staff dedicated to operations, technology, revenue generation, and legal compliance.”

Naila Chowdhury said, “I am extremely pleased to be working with a tech company that promises to deliver highly responsible and trusted services to its customers. I look forward to driving the Company’s transformation into an ethical and secure workplace and working with the team who has a vision to fulfill it.” Barney Battles added, “I am committed to building and improving our services and enhancing our policies and procedures and financial discipline. I am delighted to join the Board of a forward-thinking, proactive company committed to growth.”

Sohail Quraeshi, CEO, commented, “I would like to welcome all the new directors to the Board, and am delighted at Matthew’s appointment to Chairman. Each of them brings considerable and relevant experience, which will substantially enhance our senior leadership team, compliance, CSR and strategic capability. These appointments are a crucial next step as we complete the turnaround of the business and implement a strategy for future growth.”

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Press Releases

Spintec Introduces a Host of New Products at G2E

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Spintec’s newest Charisma line has attracted significant global attention with its refined balance between relaxation and intense focus on the game. Its cutting-edge design stands out, featuring immersive, crystal-clear graphics on high-resolution monitors, alongside user-friendly, intuitive touchscreen controls and seating comfort.

Building on this success, Spintec introduced a host of additional surprises and innovative solutions at this year’s G2E. They all feature the best that Charisma has to offer, while catering to a multitude of casino settings and entertainment needs.

For example, they showed how easy it is to organize a live tournament featuring several different games and transforming a casino into a dynamic social gaming venue. Charisma in an amphitheater setting can incorporate live, automated and virtual tables, engage more than 200 players, include a choice of different games and combinations of games, and provide lots and lots of fun!

What about Craps? Spintec can’t afford to miss out on all the fun, so they have proudly introduced Charisma Craps at this year’s G2E. They showed a version that seats four and comes complete with an attractive animated topper and LED lighting.

For casinos that need more adaptive playing stations for individual players, they have developed a revolutionary new stand-alone version of Charisma. A player can enjoy an array of different games at their own station, spanning from virtual (Roulette, Blackjack, Baccarat, Craps/Sic-bo), to automated (Roulette, Craps/Sic-bo) or take part in live games at the venue or elsewhere (Roulette, Blackjack, Baccarat).

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And for the venues with more restricted floor availability, the new Charisma 5 Roulette is a perfect compact solution. It can fit into small or crowded spaces with height limitations and still be an eye catcher with its animated topper and signage. It features roulette and other games individually or as a multigame setup. Who says elegance can’t be adaptable and fun?

As a last surprise, Spintec introduced a stellar new game called Galactic Spin to the American market at this year’s G2E. Galactic Spin successfully enhances the engagement of the players with large payouts and three different games that take place after the bets are closed. The downtime of waiting for the ball to drop now becomes the most thrilling part of the game and the entire roulette cycle becomes an incredibly engaging stage.

With all these new offerings, Goran Sovilj, Spintec’s Global Sales director, says: ” We’re excited to have shown the latest innovative additions to the Charisma line that enhance the gaming experience, from live tournaments to multigame solutions. It was a great success and just the beginning of what’s to come.”

Goran Miškulin, CEO of Spintec, shared his thoughts on the company’s direction:

“This year has been transformative for us in many ways, and our latest product introductions are a testament to our continuous innovation. With the launch of Spintec 2.0, our new strategic framework, we are focused on further enhancing operational efficiency, product development, and market expansion. We are confident that these efforts, along with our strengthened partnership with Merkur, will propel us to new heights and accelerate our growth. As we begin this new chapter, we are excited about the opportunities that lie ahead.”

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Lottery Courier Jackpot.com Launches Digital “Scratchers”

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Jackpot. com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today the launch of its digital scratch ticket offering in Massachusetts, Ohio, and Texas. This new offering enables customers to play official state scratch tickets on all their devices.

Coupling the convenience of buying scratch tickets digitally with quick transaction and processing times, Jackpot. com aims to be the preferred provider of digital scratch tickets.

“Unlike traditional draw-based lottery games with set draw times, scratch tickets offer players instant excitement,” explained Akshay Khanna, CEO and co-founder of Jackpot. com. “At Jackpot, we prioritize delivering the fastest and most comprehensive digital scratch card experience, ensuring that the excitement of instant results is always at your fingertips.”

Scratch tickets encompass roughly two-thirds of the $100+ billion U.S. lottery market. With higher price points, better prize payout percentages, and the instant gratification of playing, it is no secret why.

However, the online lottery courier service to-date has struggled with the expediency of ticket delivery. According to a recent report by Eilers & Krejcik Gaming, it took 30-90 minutes for couriers to fulfill the scratcher process – now with its unique scratching technology, Jackpot. com delivers the industry’s fastest online lottery scratch card experience. In addition, the courier has also completed a comprehensive business process review by Gaming Laboratories International (GLA), ensuring its method for ordering and processing lottery scratch tickets is accurate and functions as expected for both

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Jackpot. com and the player. As such, Jackpot. com’s online Scratcher offering has been confirmed to operate as designed and intended, validating the customer’s online experience and the ability to track the online purchase of state lottery tickets.

Jackpot. com offers customers the excitement of scratching a physical ticket in a digital environment. When a customer purchases a scratch ticket through Jackpot. com, they can use their touchscreen or mouse to “scratch” the screen and uncover their scanned ticket and possible winnings. Prizes up to the state’s retail claim threshold are instantly credited to the customer’s account, which can then be redeemed for cash or used to buy additional lottery tickets. For larger wins, Jackpot. com assists customers in claiming their prize(s) directly from the official state lottery.

Players in Massachusetts will have access to eight unique Scratchers upon the launch, including Lifetime Millions and the nation’s first-ever JAWS instant ticket. Debuted earlier this year in honor of next summer’s 50th anniversary of the JAWS theatrical releasethe instant ticket gives players the opportunity to win instant grand prizes of $1 million, as well as Second Chance Drawings in which 30 winners will be awarded a JAWS-inspired trip for two to Martha’s Vineyard in the summer of 2025.

In Ohio, Jackpot. com launches with eight Scratchers, including three of the state’s most popular scratch-off games – Billion ($50), Lady Luck ($20) and Golden Casino ($10).

Jackpot. com will launch with seven Scratchers in Texas, including the popular 500x and Jackpot Millions.

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DiffusionData Appoints Raphael Vergnaud as CRO

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DiffusionData, the pioneer and leader in real-time data streaming and messaging solutions, today announced that Raphael Vergnaud has been appointed as Chief Revenue Officer (CRO). Prior to joining DiffusionData, Raphael held senior roles in Canada with Montrium and Zendrive, and was CRO at Keatext. Prior to that he was the Regional VP Sales at Tangoe.

As CRO, Raphael will be responsible for overseeing and optimising all revenue-generating activities at DiffusionData. This includes sales and marketing with the objective of maximising revenue and driving business growth through effective strategies and operations.

Raphael Vergnaud, CRO at DiffusionData, said: “DiffusionData has an industry leading reputation for solving the real-time, event-data consumption and delivery challenges at scale faced by many organisations over the Internet, especially in Financial Services and iGaming. I’m excited to join the team at a time when frameworks, such as Diffusion, are becoming integral to the enablement of digital transformation strategies. I am committed to ensuring the company continues to build on the momentum and accelerate the success it has achieved in recent years.”
Raphael has more than 25 years of international experience in enterprise sales. He has a unique profile for a sales leader, combining technology expertise as software engineer (EPITA) with an MBA qualification in finance and marketing from the University of Chicago Booth School of Business. His core competencies include new business development, sales strategy, and performance sales team creation. Having worked extensively in the US and EMEA, he is experienced in complex sales processes and thrives on delivering results.

Grethe Brown, CEO of DiffusionData, said: “Having worked with Raphael in the past, I know that his financial and business expertise, commercial acumen and leadership qualities are second to none. Raphael will be pivotal in helping us implement our growth strategy and achieve our revenue goals. We’re delighted to have him on board and welcome him to our senior leadership team.”

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DiffusionData’s framework, Diffusion, is used by companies worldwide in sectors such as financial services, eGaming, retail, transportation, health and digital media. Its patented delta streaming sends only the most recently updated data to millions of consumers in real-time, reducing bandwidth requirements, latency and cloud infrastructure costs. The framework is purpose-built to simplify real time data distribution, and economically deliver hyper-personalised data.

 

About DiffusionData
DiffusionData (formerly Push Technology) is a pioneer in real-time data distribution, providing infrastructure software for fast-moving data streams. The software is delivered as a cloud, on-premise, or hybrid solution to companies worldwide in sectors such as financial services, iGaming, retail, transportation, health, defence, and digital media.
DiffusionData empowers organizations to connect, transform, and deliver real-time data. This supports informed decisions and drives business innovation in an ever-evolving digital landscape. Serving personalised low-latency data to tens of thousands of endpoints presents a difficult scaling challenge that Diffusion solves. The DiffusionData team merges business and technology insights to create world-class solutions. Learn more at www.diffusiondata.com.

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