PENN Entertainment's Game Play Network Appoints CFO to Boost iGaming Growth Strategy

Strategic Leadership Shift at Game Play Network to Drive Growth in iGaming

Game Play Network, Inc. (GPN), a Los Angeles-based licensed gaming company, announces the appointment of Justin Sebastiano as Executive Vice President and Chief Financial Officer. With over two decades of experience in strategic finance and investor relations across the gaming and consumer sectors, Sebastiano is poised to play a crucial role in shaping GPN’s financial landscape. His comprehensive oversight of GPN's global finance organization will cover critical areas such as financial planning, accounting, and treasury management. The leadership transition comes at a time when the company seeks to enhance its operational efficiency and position itself for scalable growth in the competitive iGaming market.

Sebastiano joins GPN after a successful tenure at Fanatics Holdings, where he served as Senior Vice President and Treasurer. His expertise in capital markets and a proven track record in managing complex financings and mergers and acquisitions (M&A) are expected to be instrumental in GPN’s future initiatives. The company’s CEO, David Marshall, underscores the importance of Sebastiano’s leadership in refining GPN’s financial framework, which aligns with the organization’s broader goals of achieving profitability and long-term stakeholder value. His appointment is part of GPN's strategy to adapt to the rapidly evolving landscape of online gaming, where innovation and financial acumen are critical for success.

In addition to his role at Fanatics, Sebastiano has a significant history with Penn Entertainment, having served as Senior Vice President of Finance, Investor Relations, and Treasurer. His recognition as a top equity research analyst in the gaming sector further cements his credentials within the industry. With his academic background, holding dual bachelor’s degrees in Mathematics and Economics along with an MBA in Finance from Rutgers University, Sebastiano is well-equipped to navigate the complexities of GPN's financial operations and support its ambitious growth plans.

As GPN expands its market presence in the iGaming industry, the company operates a business-to-consumer model through its website and app, Horseplay. This platform not only provides casino-style games but also allows for real-money betting on live horse races, adhering to federal and state regulations. The strategic leadership changes and Sebastiano's expertise are expected to foster disciplined growth while enhancing GPN’s competitive edge in a rapidly growing sector.

The iGaming industry continues to evolve, and GPN’s focus on financial robustness under Sebastiano’s guidance will be pivotal in capitalizing on emerging opportunities. The company aims to solidify its position in the marketplace, ensuring compliance and innovation as it navigates the complexities of today’s gaming landscape.