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Grit, Gains, and Setbacks for Lottery.com and Sports.com Drivers in Fourth of July Weekend Battle at Mid-Ohio
Globenewswire· 2025-07-07 14:00
Core Insights - Lottery.com Inc. is actively involved in the NTT INDYCAR SERIES and INDY NXT, showcasing its brand through sponsorship of drivers and teams during high-profile racing events [2][8]. Performance Summary - Callum Ilott, driving for PREMA Racing, achieved his best result of the season by finishing P13 after starting from P24, demonstrating a strong recovery and effective race strategy [3][4]. - Louis Foster, a rookie with Rahal Letterman Lanigan Racing, qualified P6 and finished P14, maintaining his lead in the Rookie of the Year standings despite challenges during the race [5][6]. - Sebastian Murray, racing for Andretti Global, faced an early exit due to a collision on Lap 4, which ended his race prematurely after a promising start [7][8]. Company Statements - Matthew McGahan, CEO of Lottery.com and Sports.com, expressed pride in the drivers' performances, highlighting their achievements and the visibility of the brands during the Fourth of July weekend [8][9]. - Marc Bircham, Main Board Director, praised the drivers for their professionalism and competitive spirit, indicating confidence in their future performances as the season progresses [9]. Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports, with brands including Sports.com, Tinbu, and WinTogether [10].
Fourth of July Weekend: Lottery.com and Sports.com Drivers Revved Up for Mid-Ohio Challenge
Globenewswire· 2025-07-04 11:00
Core Viewpoint - Lottery.com Inc. is actively involved in the NTT INDYCAR SERIES and INDY NXT by sponsoring drivers, aiming to enhance brand visibility and engagement in the sports and entertainment sectors [2][10]. Company Involvement - Lottery.com and Sports.com are sponsoring a driver trio participating in the 2025 NTT INDYCAR SERIES at the Mid-Ohio Sports Car Course, a significant event in the racing calendar [2][10]. - The company is focused on building momentum and consistency through its sponsorship, as the racing season intensifies with multiple events in July [5][9]. Driver Performance - Louis Foster, a rookie driver sponsored by Sports.com, has shown promising results, including a pole position at Road America and is currently just two points off the lead in the Rookie of the Year standings [4][5]. - Callum Ilott, driving for PREMA Racing, aims to improve his performance at Mid-Ohio after achieving his best result of the season at Road America [6][7]. - Sebastian Murray, making his debut at Mid-Ohio with Andretti Global, is noted for his recent strong performance and is considered a driver to watch as the competition tightens [8][9]. Event Details - The Mid-Ohio Sports Car Course is a 2.258-mile track known for its technical challenges, featuring 90 laps this year, which is an increase of 10 laps from 2024 [3][6]. - The event schedule includes practice sessions, qualifying, and the race, with broadcasts available in the USA and UK [9]. Leadership Commentary - Matthew McGahan, Chairman & CEO of Lottery.com and Sports.com, expressed pride in the drivers' performances and emphasized the importance of maintaining momentum during the racing season [10]. - Marc Bircham, Director of Lottery.com and Sports.com, highlighted the impressive performances of the drivers and the significance of the Mid-Ohio event as a driver's track [10].
Lottery.com Closes in on Legal Action Against Coordinated ‘Short and Distort' Campaign
Globenewswire· 2025-06-27 18:00
FORT WORTH, Texas, June 27, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or “the Company”), a leading technology company transforming the intersection of gaming, sports and entertainment, today confirmed that it is nearing legal proof of a coordinated and unlawful ‘short and distort’ campaign targeting the Company. In collaboration with its legal counsel, Paul Hastings LLP, the Company is actively pursuing all individuals and entities engaged in market manipulation intended ...
Lottery.com Announces $10 Million Acquisition of GXR World Sports Assets to Power Global Launch of Sports.com Super App
Globenewswire· 2025-06-26 12:21
Core Viewpoint - Lottery.com is advancing its global expansion with the launch of the Sports.com Super App, a unique digital platform for sports fans that integrates live streaming, social engagement, e-commerce, and gamification [1][3] Group 1: Super App Features and Strategy - The Super App will launch in select global markets in Q3 2025, initially focusing on soccer and motorsport, supported by high-profile sponsorships and strategic initiatives [2] - The app will integrate six primary features: live streaming, community chat hubs, stats-based social media, e-commerce, real-money and fantasy sports gaming, and sports news, aiming to engage fans for 4-5 hours beyond match time each week [3][4] - The acquisition of GXR's sports and technology assets is a strategic move to consolidate fragmented sports experiences and enhance media expansion [3][5] Group 2: Financial Aspects and Investments - Lottery.com has signed a Letter of Intent to acquire a 51% controlling interest in GXR's assets, valuing the transaction at $10 million pre-money, with an initial investment of $5.1 million [5][6] - A $15 million financing commitment has been pledged by Lottery.com to support the expansion of the Sports.com Super App [5] Group 3: Market Impact and Future Outlook - The collaboration between Lottery.com and GXR aims to create the world's first true sports super app, allowing fans to control their entire live event experience [7] - The agreement includes a call option for Lottery.com to acquire 100% ownership of the new entity by the end of 2027, indicating long-term growth potential [6]
Lottery.com Appoints Tim Scoffham as CEO to Lead Global Expansion of Sports.com Media and Lottery.com International
Globenewswire· 2025-06-24 14:35
Core Viewpoint - Lottery.com Inc. has appointed Tim Scoffham as the CEO of Sports.com Media Group Limited and Lottery.com International Limited, effective immediately, following a successful consultancy period that began in May 2024 [1][2]. Company Leadership - Tim Scoffham brings over 20 years of leadership experience in gaming, media, and entertainment, making him well-suited to lead the company's growth strategies in these sectors [2]. - His leadership will focus on the strategic integration and international expansion of both Sports.com Media and Lottery.com International, aiming to enhance commercial, media, and technology platforms [3][7]. Strategic Goals - The company aims to align its operations to bolster regulatory partnerships and unlock scalable revenue opportunities in high-growth jurisdictions [3]. - Under Scoffham's leadership, the company plans to continue expanding Sports.com and Lottery.com into globally recognized brands, emphasizing innovation and compliance [7]. Company Statements - The CEO and Chairman of Lottery.com expressed confidence in Scoffham's appointment, highlighting his energy, credibility, and international expertise as essential for the company's growth at this critical juncture [4]. - Scoffham himself noted the exciting opportunities ahead for both brands, emphasizing the potential for growth and the importance of a unified international strategy [4]. Business Overview - Sports.com Media Group Limited is a digital platform focused on delivering premium sports content and engaging fan experiences globally [5]. - Lottery.com International Limited provides a secure iGaming and global lottery platform, emphasizing regulated market expansion and sustainable growth [6].
Lottery.com and Sports.com Drivers Shine at Road America
Globenewswire· 2025-06-23 16:10
Core Insights - Lottery.com Inc. and Sports.com-backed drivers showcased strong performances at Road America during a challenging weekend of the NTT INDYCAR SERIES and INDY NXT by Firestone [1][2] Group 1: Performance Highlights - Louis Foster, driving Car No. 45 for Rahal Letterman Lanigan, achieved a remarkable pole position, outperforming established competitors despite using older tires [5][6] - Callum Ilott, in Car No. 90 for PREMA Racing, secured his best finish of the 2025 season with a P15 result, demonstrating effective tire strategy and pit work [8][9] - Sebastian Murray, driving Car No. 2 for Dream Racing Dubai Dallara in INDY NXT, moved from P14 to P11, earning the title of Jostens' Biggest Mover of the day [11][12] Group 2: Company Statements and Future Plans - Matthew McGahan, CEO of Lottery.com and Sports.com, expressed pride in the partnership with the young drivers, emphasizing a strategic selection process aimed at long-term investment in future champions [12][14] - The company noted a significant increase in brand exposure and interest from other IndyCar teams and global motorsport series, indicating positive momentum [13][15] - Plans are underway to develop a comprehensive driver and team development and sponsorship program for 2026, with the current drivers positioned as key components of this initiative [14][15]
Lottery.com Expands Committed Financing Facility with Generating Alpha to $300 Million
Globenewswire· 2025-06-23 14:50
Core Viewpoint - Lottery.com has successfully amended its Stock Purchase Agreement with Generating Alpha Ltd., increasing the financing facility from $100 million to $300 million, which will save the company nearly $12 million over the life of the funding facility [1][2]. Financing Details - The financing facility has been expanded to $300 million, allowing for more accretive, cash-generating acquisitions to support share price growth [8]. - The effective discount rate has improved from 90% to 94%, reducing the effective discount to just 6% [8]. - The removal of the trading cushion provides greater flexibility in capital deployment [8]. - The structure has been simplified to align with investor protections [8]. Strategic Implications - The amendment reflects a deepening partnership with Generating Alpha, which is seen as a vote of confidence in the company's vision [2][3]. - The company aims to use the capital for core operational expenses and to fund revenue-generating acquisitions, enhancing shareholder value [3][4]. - The facility will help accelerate the closing of multiple acquisitions, including Concerts.com, which is expected to transform the company from a micro-cap to a mid-cap platform with real revenue and global visibility [3][4]. Operational Focus - The company has already drawn down $1.87 million from the facility for operational expenses and acquisitions [3]. - There is a focus on evaluating and prioritizing a pipeline of acquisition targets that are cash-flow positive and have tangible assets [4].
Lottery.com Regains Nasdaq Compliance as Stock Trading Activity Soars
Globenewswire· 2025-06-23 11:25
Core Viewpoint - Lottery.com has regained compliance with Nasdaq Listing Rule 5450(a)(1), confirming a minimum bid price of $1.00 for twenty consecutive business days, marking a significant compliance milestone and reflecting the company's recent momentum [1][2]. Group 1: Compliance and Market Activity - The company maintained a closing bid price of $1.00 or higher from May 21 to June 18, 2025, fulfilling Nasdaq's requirement [1]. - During the compliance period, Lottery.com experienced high trading volumes, with daily volumes often exceeding 30 million shares, and a peak of over 166 million shares on May 27, 2025 [2]. Group 2: Leadership and Strategic Developments - Matthew McGahan, the Chairman and CEO, emphasized that this compliance is a turning point for the company, indicating a visible turnaround and increased market engagement [3]. - The company appointed Tamer Hassan as President of Sports.com Studios, enhancing its media and entertainment division [3]. Group 3: Legal and Investigative Actions - Lottery.com is collaborating with legal advisors to investigate suspected illegal short selling and is prepared to take legal action against any parties involved in stock manipulation [3].
Lottery.com Appoints Acclaimed Actor and Director Tamer Hassan as President of Sports.com Studios
Globenewswire· 2025-06-17 19:25
Core Insights - Lottery.com Inc. has appointed Tamer Hassan as President of Sports.com Studios, a new content division focused on sports-related films and programming [1][3][4] - Hassan has over 25 years of experience in international film and television, known for roles in notable productions [2] - The new division aims to develop and distribute compelling sports-focused content, marking a significant step in Sports.com's expansion into entertainment media [3][5] Company Developments - Tamer Hassan's leadership is expected to enhance the creative and strategic direction of Sports.com Studios [3][4] - The division is currently in pre-production on several projects, including a documentary series about a major British football club [4] - The initiative reflects the company's strategy to blend sports, cinema, and storytelling, aiming to inspire global audiences [5] Leadership Statements - Matthew McGahan, Chairman & CEO, praised Hassan's unique qualifications and connection to sports, emphasizing the potential for powerful content creation [4] - Hassan expressed enthusiasm for merging the worlds of sport and film to create authentic narratives for fans [5]
Lottery.com Executives Share Growth Strategy at FIFA Club World Cup US Kickoff
Globenewswire· 2025-06-17 15:30
Lottery.com Leadership at FIFA Club World Cup’s U.S. kickoff From left to right: Matthew McGahan, Lottery.com Chairman and CEO; Dennis Wise, Sporrts.com Ambassador; Marc Bircham, Lottery.com director. Rose Bowl Empty Rose Bowl being prepped for Paris Saint-Germain vs. Atlético Madrid match Paris Saint-Germain vs. Atlético Madrid match Paris Saint-Germain vs. Atlético Madrid match held at the Rose Bowl FORT WORTH, Texas, June 17, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“L ...