Michael Hazel, the former chief financial officer of PokerStars operator Rational Group, has joined the board of Isle of Man-based lottery betting operator Annexio.

Hazel has been named a non-executive director of the business as it looks to gain market share in the lottery betting sector.

Annexio said he will bring "valuable international perspective and operational insight" to the board.

In the past Hazel has worked for leading companies such as Deloitte, Motorola and Microsoft, before joining PokerStars as director of financial planning and analysis in 2006.

He spent ten years with the operator during a period of major growth in a range of different markets, before being named chief financial officer in 2012.

As CFO he served as project lead for Rational Group's CAD$4.9bn acquisition by Amaya in 2014, and served as interim chief executive of the business as it transitioned to the new ownership.

He will join his former colleague Paul Telford at Annexio. Former PokerStars general counsel Telford has held the same role with the operator since 2016.

"I am excited about joining at a time of explosive growth for Annexio," Hazel said of his new role. "I have great belief in the group's executive management team, led by the founder Tom Brodie, and consider the company to be in a prime position to continue as a leader in the secondary lottery business and capture a significant market share in the coming years."

Brodie added: "Michael's experience in working with some of the biggest players in the online information and gaming space will be extremely relevant as Annexio moves forward with its ambitious growth plans.

"He has a thorough understanding of the financial and business management infrastructure that enables companies to grow quickly into new international markets, as well as the banking and gaming industry contacts to assist in future deals to complement the current business," Brodie said. "I am very pleased to welcome Michael to the team."

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