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LAS VEGAS - VIP Play Inc. (OTCQB:VIPZ), a mobile sports wagering technology company with a market capitalization of $7.27 billion and annual revenue of $5.13 billion, announced Wednesday that Chief Financial Officer Jim Mackey will leave his position effective August 8, 2025.
The company has begun searching for Mackey’s replacement and stated he will assist with the transition over the coming weeks.
"We thank Jim for his contributions to the Company, particularly during a transformative period for our business," said Les Ottolenghi, CEO of VIP Play in the press release statement.
VIP Play reaffirmed its previously provided financial guidance, though specific figures were not included in the announcement. The company’s next earnings report is scheduled for August 1, 2025, with InvestingPro analysis showing positive profitability metrics and generally low price volatility. InvestingPro subscribers have access to over 10 additional key insights about VIP Play’s financial health and market position.
The company operates its proprietary technology platform in Tennessee and holds an interim iGaming and mobile sports betting license in West Virginia. VIP Play describes itself as a technology-driven company focused on interactive consumer engagement in the sports wagering sector.
According to the company statement, VIP Play remains focused on executing strategic priorities including "financial visibility, operating efficiency, and delivering value to stakeholders."
The announcement comes as the company continues its operations in the competitive mobile sports betting market.
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