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VIP Play ( (VIPZ) ) has shared an update.
On March 31, 2025, VIP Play, Inc. entered into a First Amended and Restated Discretionary Convertible Revolving Line Of Credit Demand Note with Excel Family Partners, LLLP, controlled by Bruce Cassidy, the company’s CEO. The note allows for loans at Excel’s discretion, with a fixed interest rate of 12% per annum, and includes provisions for conversion into common stock. As of June 4, 2025, the outstanding principal balance was $14,511,000. Additionally, effective June 2, 2025, Bruce A. Cassidy resigned as interim CEO, and Les Ottolenghi was appointed as the new CEO, with a comprehensive employment agreement that includes a significant salary, bonuses, and stock units. Ottolenghi brings extensive experience from previous roles in major corporations and is expected to lead the company with his expertise in digital transformation and technology innovation.
More about VIP Play
Average Trading Volume: 6,088
Technical Sentiment Signal: Sell
Current Market Cap: $19.66M
For detailed information about VIPZ stock, go to TipRanks’ Stock Analysis page.