Lottery.com (the “Company”), a leading platform that allows its
users to play the lottery online, announced today that Katie Lever
has been appointed the Company’s first chief legal officer, who
will be further supported by gaming compliance experts on the board
of advisors, Mark Lipparelli and Ron Hopkinson. The Company is
seeking to continue its expansion efforts and will leverage the
combined legal and compliance expertise of these industry
professionals to build the future of digital gaming.
Lever previously served as General Counsel to some of the gaming
industry’s largest global suppliers, including through the mergers
of SHFL entertainment, Inc., Bally Technologies, Inc., Scientific
Games Corp. and, most recently, as Chief Legal Counsel to Drew Las
Vegas, a planned $4 billion integrated resort and casino on the Las
Vegas Strip. She is a recognized gaming law specialist and an
expert in compliance and government relations. Lever is a board
member of Global Gaming Women and a Director and Audit Chair of
Bank of George. Her track record also includes serving as the first
Executive Vice President and General Counsel for Everi Holdings
Inc.
“Katie is a seasoned expert in our highly regulated field and
brings broad strategic leadership and experience to our team,” said
Lottery.com CEO Tony DiMatteo. “We look forward to Katie’s guidance
as we begin a new chapter as a public company and expand both
domestically and internationally. I speak for the whole team when I
say that we are thrilled to have her setting the course for the
regulatory future of our industry.”
Through her 25 years of legal experience and demonstrated
successes, Lever has been recognized as one of the “Great Women of
Gaming, Proven Leader,” by Casino Enterprise Magazine, listed on
the “25 People to Watch” and “Top Ten Women in Gaming” by Global
Gaming Business Magazine, a “Woman to Watch,” by Vegas, Inc., and
inducted into the Nevada Women’s Hall of Fame.
As CLO, Lever will navigate Lottery.com’s expansion as a public
company in the gaming industry, leading the charge on the Company’s
legal, compliance, and regulatory requirements.
“I am very excited to join the Lottery.com team at this exciting
phase of the Company’s growth,” said Lever. “I am looking forward
to leading our legal and compliance efforts as the Company
continues to build on its success in a variety of new and
innovative ways.”
Alongside Katie, Lottery.com has a deep bench of legal acumen
and advisory board members, including Ron Hopkinson and Sen. Mark
Lipparelli.
Prior to joining Cooley LLP as a senior partner in the Private
Equity group, Hopkinson was Global Head of Private Equity for both
Latham & Watkins and Cadwalader. He has played a significant
role in some of the largest leveraged buyouts and high-profile
private equity transactions consummated in the marketplace on
behalf of some of the world's largest private equity firms and
private equity consortiums.
Ron earned his JD from Harvard Law School (Cum Laude) and BA in
Economics from Harvard College (Phi Beta Kappa, Magna Cum Laude).
He was selected by The American Lawyer as "Dealmaker of the Year"
(2003).
Lipparelli is the founder of Gioco Ventures, LLC, a strategic
advisor to clients worldwide in the gaming, entertainment,
investment and sports industries. With over 25 years of gaming and
entertainment industry experience in various senior level
capacities, he is frequently engaged in projects and advocacy on a
wide range of gaming, technology, and public policy.
Lipparelli currently serves as the Chairman of the Board of
Directors of Galaxy Gaming, Inc. and serves on the Board of
Directors of Golden Entertainment, in addition to serving as a
member of the Board of Directors of the National Center for
Responsible Gaming, a Co-Moderator of the Executive Development
Program and is a co-founder of the International Center for Gaming
Regulation at UNLV. He has also completed a four-year term on the
Nevada State Gaming Control Board, including his final two years as
Chairman, and was named as Regulator of the Year for the Americas
by the International Masters of Gaming Law.
Lipparelli graduated from the University of Nevada, Reno with an
undergraduate degree in Finance, Master of Science degree in
Economics, and is a graduate of the Executive Development Program
sponsored by the Institute for the Study of Gambling and Commercial
Gaming.
On February 22, 2021, the Company entered into a definitive
agreement with Trident Acquisitions Corp. (Nasdaq: TDACU, TDAC,
TDACW) to become a publicly-traded company on The Nasdaq Stock
Market. Trident and the Company intend to publish an investor
presentation relating to the proposed business combination in the
coming weeks.
About Lottery.com
Lottery.com is an Austin, TX-based company enabling consumers to
play state-sanctioned lottery games from their home or on the go in
the US and internationally. The Company works closely with state
regulators to advance the lottery industry, providing increased
revenues and better regulatory capabilities, while capturing
untapped market share, including millennial players. Lottery.com is
also gamifying charitable giving to fundamentally change how
nonprofits engage with their donors and raise funds. Through their
WinTogether.org platform, they offer charitable donation
sweepstakes to incentivize donors to take action by offering once
in a lifetime experiences and large cash prizes.
Important Information and Where to Find it
In connection with the proposed business combination, Trident
Acquisitions Corp. (“Trident”), expects to file a registration
statement on Form S-4 (the “Registration Statement”) that will
include a preliminary proxy statement with the U.S. Securities and
Exchange Commission (“SEC”) for the solicitation of proxies from
Trident's shareholders. Additionally, Trident will file other
relevant materials with the SEC in connection with the proposed
business combination. Copies may be obtained free of charge at the
SEC's web site at www.sec.gov. A definitive proxy statement will be
mailed to Trident shareholders as of a record date to be
established for voting on the proposed business combination.
Investors and security holders of Trident are urged to read the
Registration Statement and the other relevant materials when they
become available before making any voting decision with respect to
the proposed business combination because they will contain
important information about the business combination and the
parties to the business combination. The information contained on,
or that may be accessed through, the websites referenced in this
press release is not incorporated by reference into, and is not a
part of, this press release.
Forward Looking Statements
The information in this press release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements, other than statements of
present or historical fact included in this presentation, regarding
the proposed business combination between Trident and Lottery.com,
Trident and the Company’s ability to consummate the transactions,
the benefits of the transactions, the Company’s estimated growth,
operational and state expansion, and the combined company’s future
financial performance, as well as the combined company’s strategy,
future operations, estimated financial position, estimated revenues
and losses, projected costs, prospects, plans and objectives of
management are forward-looking statements. When used in this press
release, the words “could,” “should,” “will,” “may,” “believe,”
“anticipate,” “intend,” “estimate,” “expect,” “project,” the
negative of such terms and other similar expressions are intended
to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on management’s current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law, the
Company disclaims any duty to update any forward-looking
statements, all of which are expressly qualified by the statements
in this section, to reflect events or circumstances after the date
of this press release. The Company cautions you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of either Trident or the Company. In
addition, the Company cautions you that the forward-looking
statements contained in this press release are subject to the
following factors: (i) the occurrence of any event, change or other
circumstances that could delay the business combination or give
rise to the termination of the agreements related thereto; (ii) the
outcome of any legal proceedings that may be instituted against
Trident or the Company following announcement of the proposed
business combination; (iii) the inability to complete the business
combination due to the failure to obtain approval of the
stockholders of Trident, or other conditions to closing in the
business combination agreement; (iv) the risk that the proposed
business combination disrupts the Company’s current plans and
operations as a result of the announcement of the transactions; (v)
the Company’s ability to realize the anticipated benefits of the
business combination, which may be affected by, among other things,
competition and the ability of the Company to grow and manage
growth profitably following the business combination; (vi) costs
related to the business combination; (vii) risks related to the
rollout of the Company’s business and the timing of expected
business milestones; (viii) the Company’s dependence on obtaining
and maintaining lottery retail licenses or consummating partnership
agreements in various markets; (ix) the Company’s ability to
maintain effective internal controls over financial reporting,
including the remediation of identified material weaknesses in
internal control over financial reporting relating to segregation
of duties with respect to, and access controls to, its financial
record keeping system, and the Company’s accounting staffing
levels; (x) the effects of competition on the Company’s future
business; (xi) risks related to the Company’s dependence on its
intellectual property and the risk that the Company’s technology
could have undetected defects or errors; (xii) changes in
applicable laws or regulations; (xiii) the COVID-19 pandemic and
its effect on the Company and the economy generally; (xiv) risks
related to disruption of management time from ongoing business
operations due to the proposed business combination; (xv) risks
relating to privacy and data protection laws, privacy or data
breaches, or the loss of data; and (xvi) the possibility that the
Company may be adversely affected by other economic, business,
and/or competitive factors. Should one or more of the risks or
uncertainties described in this press release materialize or should
underlying assumptions prove incorrect, actual results and plans
could differ materially from those expressed in any forward-looking
statements. Additional information concerning these and other
factors that may impact the operations and projections discussed
herein can be found in the reports that Trident has filed and will
file from time to time with the SEC, including its Annual Report on
Form 10-K for the fiscal year ended December 31, 2019. Trident’s
SEC filings are available publicly on the SEC’s website at
www.sec.gov.
Participants in the Solicitation
Trident and its directors and officers may be deemed
participants in the solicitation of proxies of Trident's
shareholders in connection with the proposed business combination.
Lottery.com and its officers and directors may also be deemed
participants in such solicitation. Security holders may obtain more
detailed information regarding the names, affiliations and
interests of certain of Trident's executive officers and directors
in the solicitation by reading Trident's Annual Report on Form 10-K
for the fiscal year ended December 31, 2019, and the Proxy
Statement and other relevant materials filed with the SEC in
connection with the business combination when they become
available. Information concerning the interests of Trident's
participants in the solicitation, which may, in some cases, be
different than those of their stockholders generally, will be set
forth in the proxy statement relating to the business combination
when it becomes available.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or constitute a
solicitation of any vote or approval.
Lottery.com Contact:
Cody Billingsley(512) 537-5713cody@lottery.com
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