Falzon, who currently holds the roles of operational CFO at NetEnt and CFO at its Red Tiger Gaming brand, will take up her position on the Bragg Gaming board on 1 March.
She joined Red Tiger in 2018 and helped oversee its sale to NetEnt in September 2019 in an all-cash deal with an initial value of £197m ($273.8m).
Then after joining NetEnt as operational CFO in February 2020, she also helped oversaw in the supplier’s sale to Evolution, with the SEK 19.6bn ($2.36bn) deal completed last December.
Before her roles at Red Tiger and NetEnt, Falzon was group CFO at Evoke Gaming and prior to that, was financial controller at interactive entertainment company King.
She joins the Bragg Gaming board after it enjoyed a positive Q3 2020, with its group revenue rising 72% year-on-year for the quarter, up to €11.7m ($14.1m).
Bragg Gaming CEO Adam Arviv said: “We’re very pleased to have Lara join our championship team - she brings tremendous industry experience.
“Her financial experience in the gaming sector is unmatched in the industry and will be very valuable as we continue our global growth strategy.”
Falzon added: “I’m thrilled to join the team at such an exciting time in Bragg’s evolution.
“Bragg continues to outperform on their expansion goals and I’m happy to contribute my expertise to the mission.”