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By Chris Wack
Lottery.com said Friday it has entered into a funding agreement with United Capital Investments London.
The lottery technology company said the terms and conditions of the funding agreement with UCIL will be announced after the definitive agreement is finalized.
Lottery.com also said that on Thursday, its board of directors decided to terminate Mark Gustavson as chief executive.
Matthew McGahan, chairman of the board, has been appointed interim CEO.
Last Friday, the board appointed Robert J. Stubblefield as finance chief. He most recently served as CFO of Demeta Inc. and Regnum Corp.
Lottery.com also named Tamer Hassan and Paul Jordan as independent non-executive directors.
Write to Chris Wack at [email protected]
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