VIP Play, Inc. Announces Departure of Chief Financial Officer

Rhea-AI Summary

VIP Play Inc. (OTCQB: VIPZ), a technology-driven interactive consumer engagement company, announced that Chief Financial Officer Jim Mackey will step down effective August 8, 2025. The company has initiated the process of identifying a successor, with Mackey assisting in the transition over the coming weeks.

CEO Les Ottolenghi acknowledged Mackey's contributions during a transformative period for the business. The company reaffirmed its previously provided financial guidance and emphasized its continued focus on strategic priorities, including financial visibility, operating efficiency, and stakeholder value delivery.

Positive

• Company maintains previously provided financial guidance despite CFO departure
• Orderly transition process in place with departing CFO's assistance
• Strategic focus remains on financial visibility and operating efficiency

Negative

• Departure of key executive (CFO) creates temporary leadership gap
• Timing of successor appointment remains uncertain
• Management change during transformative period could impact execution

News Market Reaction – VIPZ

+12.55%

+12.55% Session move

In the trading session that priced this news, VIPZ gained 12.55%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LAS VEGAS, July 23, 2025 /PRNewswire/ -- VIP Play Inc. (OTCQB: VIPZ) – VIP Play, Inc., a technology-driven leader in interactive consumer engagement, today announced that Jim Mackey, the Company's Chief Financial Officer, will step down from his role, effective August 8, 2025.

The Company has initiated a transition process and is in the process of identifying a successor. Mackey will assist in an orderly 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 Inc. "We remain focused on executing our strategic priorities, including financial visibility, operating efficiency, and delivering value to our stakeholders."

The Company reaffirms its financial guidance previously provided and will provide updates as appropriate.

About VIP Play, Inc.

VIP Play, Inc. (OTCQB: VIPZ) is pioneering the future of mobile sports wagering. Operating its proprietary technology platform in Tennessee and holding an interim iGaming and mobile sports‑betting license in West Virginia, the company delivers a modern sportsbook with unique wager offerings, sweepstakes contests, and social features. VIP Play's cloud‑native architecture and AI‑driven product roadmap enable secure, data‑centric experiences that delight players and uphold the highest standards of regulatory compliance and responsible gaming. Visit https://vipplayapp.com to learn more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vip-play-inc-announces-departure-of-chief-financial-officer-302511681.html

SOURCE VIP Play, Inc.

FAQ

When is VIP Play (VIPZ) CFO Jim Mackey leaving the company?

Jim Mackey will step down as CFO of VIP Play effective August 8, 2025.

Who will replace Jim Mackey as CFO of VIP Play (VIPZ)?

VIP Play has initiated a process to identify a successor, but no replacement has been announced yet.

Will the CFO departure affect VIP Play's (VIPZ) financial guidance?

No, the company has reaffirmed its previously provided financial guidance despite the CFO transition.

What are VIP Play's (VIPZ) strategic priorities during this transition?

VIP Play is focusing on financial visibility, operating efficiency, and delivering value to stakeholders.

How will VIP Play (VIPZ) manage the CFO transition period?

Jim Mackey will assist in an orderly transition over the coming weeks while the company searches for a successor.