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Lottery.com Executives Share Growth Strategy at FIFA Club World Cup US Kickoff
Globenewswire· 2025-06-17 15:30
Core Insights - Lottery.com Inc. is actively engaging in high-profile industry events to enhance its brand presence and strategic partnerships in the sports and entertainment sectors [1][2][3] Company Activities - The leadership team, including Chairman and CEO Matthew McGahan, participated in the FIFA Club World Cup's U.S. kickoff, attending the Paris Saint-Germain vs. Atlético Madrid match, which PSG won 4-0 [2] - The company is pursuing a British football club as part of its acquisition strategy, aiming to create long-term value through global fan engagement and international broadcast rights [2] Strategic Engagements - Company leaders held strategic meetings with global football dignitaries to discuss potential collaborations and investments [2] - An exclusive dinner hosted by FIFA and VFILES celebrated the launch of FIFA 1904, bringing together notable figures from football and entertainment to honor the Club World Cup [3] Future Plans - Following the Los Angeles events, the leadership delegation is set to travel to Miami for further high-level meetings and to attend the upcoming Club World Cup fixture between Bayern Munich and Boca Juniors [4]
Lottery.com and Sports.com Showcase Multi-Series Talent in INDYCAR and INDY NXT at Gateway
Globenewswire· 2025-06-16 18:12
Core Insights - The weekend marked a significant event for Lottery.com Inc. and Sports.com, showcasing their commitment to motorsport talent through their drivers' performances in the NTT INDYCAR SERIES and INDY NXT [3][10] Group 1: Driver Performances - Callum Ilott had a strong performance, leading the race before a fuel strategy issue forced him to pit, resulting in a P18 finish [4][5] - Louis Foster demonstrated competitive speed but faced a late-race incident that led to a DNF, marking his second consecutive race without finishing [6][7] - Sebastian Murray, in his first oval race, showed promise by finishing ahead of his starting position, indicating potential for growth in his racing career [8][9] Group 2: Brand Presence and Support - All three drivers prominently featured Lottery.com and Sports.com branding, reinforcing the companies' visibility in the motorsport arena [2][11] - Matthew McGahan, CEO of Lottery.com, expressed confidence in the drivers' abilities and the brands' alignment with their performances [8][11] Group 3: Upcoming Events - The next race for the drivers will be at Road America, a venue where Foster has previously achieved success, indicating potential for strong performances [10]
Sports.com Enters Strategic Sponsorship with Racing Women to Accelerate the Future of Female Motorsport
Globenewswire· 2025-06-16 13:55
Core Insights - Lottery.com Inc. and Sports.com have entered into a sponsorship agreement with Racing Women LLC to promote women's participation in motorsports and STEM programs globally [1][3] - Racing Women has engaged 4,500 women from over 70 countries, focusing on developing female drivers and providing training and education for careers in motorsports [2][5] - The sponsorship will support three key events in 2025, including a driver training camp and two Radical races, highlighting Sports.com's commitment to gender equality in sports [3][4] Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports, including brands like Sports.com, Tinbu, and WinTogether [6] - The partnership with Racing Women is seen as a pivotal moment for both organizations, aiming to create sustainable opportunities for women in elite motorsport [4][5] Industry Context - The global market for women's athletics is experiencing significant growth in participation, media value, and fan engagement, making it a high-impact area for investment [3][4] - Racing Women aims to redefine entry points for women in motorsports through advanced training and mentorship, addressing the historical underrepresentation in the field [2][4]
Lottery.com and Sports.com Featured at Gateway with Triple-Driver Sponsorship Across IndyCar and IndyNXT
Globenewswire· 2025-06-12 14:00
Core Insights - Lottery.com Inc. has expanded its sponsorship in the NTT IndyCar and IndyNXT by Firestone series, featuring its branding on three race entries during a single weekend, enhancing brand visibility and support for young talent [1][2][9] Sponsorship Details - The partnership with Louis Foster includes the Lottery.com logo on his crash helmet and Sports.com branding on his car, extending through the end of the 2025 season, aligning with the company's long-term motorsport ambitions [4][5] - Callum Ilott continues to represent Lottery.com with high-visibility branding on his helmet, showcasing his professionalism and potential as a key partner for the brand's IndyCar strategy [7] - Sebastian Murray, backed by Lottery.com and Sports.com, carries the brands across multiple areas of his racing gear, positioning him as a significant ambassador for the company's motorsports strategy [9] Driver Performance - Louis Foster, the reigning IndyNXT champion, returns to Gateway with a strong track record, having won all three oval events in the previous season [3] - Callum Ilott is demonstrating consistent Top 10 potential and aims to showcase his skills at the high-speed oval [6] - Sebastian Murray is building on his career-best P6 finish in Detroit and is currently ranked 11th in the overall driver standings [8]
Lottery.com Announces Sports.com Hub Global Expansion Plans
Globenewswire· 2025-06-11 18:37
Core Insights - Lottery.com Inc. is acquiring a 90% stake in Nook Holdings Limited, a UAE-based sports and wellness incubator, expected to be completed by June 30, 2025 [1][2] - The acquisition is part of a broader growth strategy that includes a multi-market rollout plan for Sports.com-branded co-working and incubation models [2][3] - Nook is projected to increase its net profit from $354,000 in FY 2024 to $490,000 in 2025, reflecting a 38% growth [3] Company Strategy - The company is executing an aggressive buy-and-build strategy, aiming to integrate high-potential, cash-generative businesses into its operations [3][6] - A $100 million financing facility with Generating Alpha is in place to support strategic acquisitions and enhance existing operations [3] - The second Sports.com incubator hub will be located in Al Quoz, Dubai, and is expected to open in Q4 2025 [4] Market Expansion - Additional locations for international expansion have been identified, indicating a long-term platform play [6] - Each Sports.com hub is designed to serve as a launchpad for startups in sports, health, wellness, and entertainment, aiming to unlock new monetization channels [6]
Lottery.com To Increase Ownership Stake in Nook Holdings, UAE-Based Sports Incubator
Globenewswire· 2025-06-11 11:00
Core Viewpoint - Lottery.com is acquiring Nook Holdings Limited for approximately $2.5 million, emphasizing its commitment to global growth in sports and wellness [2][6]. Group 1: Acquisition Details - The acquisition is an all-cash deal, allowing Lottery.com to control 90% of Nook upon completion [2]. - The deal is expected to close on or before June 30, 2025 [2]. Group 2: Nook's Background - Nook, founded by Ravi Bhusari, has established itself as a key player in the UAE's sports and wellness ecosystem, supporting startups and small businesses [4]. - Nook has exclusive partnerships and a strategic location that make it a hub for sports entrepreneurs in the region [4]. Group 3: Strategic Implications - The acquisition will transform Nook into a gateway for sports innovation and investment, integrating it into the broader Sports.com ecosystem [5][6]. - Lottery.com aims to leverage Nook's community to enhance support for sports and wellness entrepreneurs, facilitating networking, licensing, and potential investments [8].
Lottery.com (LTRY) Conference Transcript
2025-06-05 18:30
Summary of Lottery.com Conference Call Company Overview - **Company Name**: Lottery.com - **Stock Symbol**: LTRY - **Market Cap**: Approximately $40 million [1] - **Listing History**: Listed on Nasdaq in October 2021 with a peak valuation of over $900 million [5] Core Points and Arguments Turnaround Strategy - The company is undergoing a significant turnaround led by a new management team appointed over the last couple of years [4] - The management has restructured the C-suite and developed two new business models for Lottery.com and Sports.com [6] - The company was delisted from Nasdaq in May 2023 and is focused on regaining compliance [6] Financial Restructuring - The management has addressed financial filings, restructured debt, and worked with auditors and regulatory bodies [7] - Successfully secured $250 million in financing to support the restructuring and new business models [8] Recent Developments - Engaged in brand-building activities, including sponsorships in motorsports and partnerships with Concerts.com [9][10] - Launched sports.com studios for original content production [10] - Acquired a lottery and sweepstakes platform to support international expansion [11] Future Plans - Plans to scale Lottery.com internationally and monetize Sports.com through media events and strategic acquisitions [12] - Focus on building brand awareness and enhancing technology for lottery ticket purchases [19] - Aiming to rejuvenate the Lottery brand domestically while expanding internationally [18] Legal and Regulatory Challenges - The company faces complex legal hurdles in reinstating operations in various states due to individual state regulations [26] - Identifying states for operation and working on legal roadmaps for international expansion [28] Technology Integration - Plans to leverage blockchain and NFT technology as part of their tech strategy [33] - Emphasis on using advanced technology for live streaming events and enhancing user engagement [21] Shareholder Value Enhancement - The management aims to create shareholder value by operationalizing the business quickly and generating cash flow [39] - Focus on efficient operations without excessive overhead costs [44] Market Activity - The stock has experienced significant volatility, indicating increased interest and engagement with the brand [45] Additional Insights - The management acknowledges legacy issues from previous operations but believes in the strength of the Lottery.com brand to overcome these challenges [30] - The company is committed to a bolt-on acquisition strategy to enhance its business model without unnecessary expansion [44]
Lottery.com and Sports.com Boost Brand Visibility Through Strategic Expansion in IndyCar
Globenewswire· 2025-06-05 15:00
Core Insights - Lottery.com has extended its sponsorship agreement with British motorsport professional Louis Foster, enhancing its commitment to global brand exposure and shareholder value through motorsport partnerships [1][3] Group 1: Sponsorship Details - The extended agreement includes the display of the Sports.com logo on Foster's helmet and the front wing endplates of the Rahal Letterman Lanigan Racing 45 IndyCar for the remainder of the 2025 season [2] - The sponsorship covers all nine remaining races of the season, including notable circuits such as Road America, Mid-Ohio, and the Milwaukee Mile [2] Group 2: Strategic Goals - The partnership aims to solidify Lottery.com's presence in American motorsports and enhance global brand awareness, contributing to significant shareholder value [3] - The combination of helmet branding and prominent front-wing placement is designed to provide extensive brand exposure across various media platforms, including broadcast, digital, and live audiences [3] Group 3: Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports, with brands including Sports.com, Tinbu, and WinTogether [4]
Lottery.com Inc. to Present at Noble Capital Markets’ Emerging Growth Virtual Equity Conference
Globenewswire· 2025-06-05 11:00
Group 1 - Lottery.com Inc. announced a presentation at the Noble Capital Markets 2025 Emerging Growth Virtual Equity Conference on June 5, 2025, at 1:30 PM Eastern Time [1] - The presentation will focus on Lottery.com's corporate turnaround, the launch of two new growth divisions—Lottery.com Domestic and International, and Sports.com Media and Ventures, along with plans for accelerated growth following a $100 million financing facility [2] - A Q&A session will follow the presentation, allowing registered investors to engage with the CEO, Matthew McGahan, and schedule one-on-one meetings [3] Group 2 - Lottery.com operates a unified ecosystem that integrates gaming, entertainment, and sports, with brands including Sports.com, Tinbu, and WinTogether [4] - Noble Capital Markets, established in 1984, is a full-service investment bank providing middle-market expertise and has published over 45,000 equity research reports [5] - Channelchek, launched in 2018, is an investor community focused on emerging growth companies, offering free research and webcasts [6]
Lottery.com Inc. Launches Investigation into Short Selling Activities
Globenewswire· 2025-06-03 15:03
Core Viewpoint - Lottery.com Inc. has initiated an investigation into potential short selling activities affecting its stock, believing it may have been a victim of illegal naked short selling and the dissemination of false information aimed at driving down its stock price [1][2]. Investigation Details - The company has engaged legal counsel from Paul Hastings LLP to conduct the investigation [1]. - Lottery.com has been listed on Nasdaq's Regulation SHO Threshold Security List sixteen times in the past six months, indicating significant failures to deliver its shares [3]. - On February 10, 2025, there were over 1.12 million failures to deliver Lottery.com shares, suggesting potential naked short selling [3]. - The stock has experienced high borrow rates, peaking at over 500%, indicating elevated demand to short the stock [3]. Company Stance - The company is committed to combating the spread of false information and stock manipulation, stating it will take necessary actions to report illegal activities to regulators [4]. - Previous referrals have already been made to regulators including Nasdaq MarketWatch, the SEC, and the Department of Justice [5]. - No action is required from stockholders at this time [5]. Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports, with brands including Sports.com, Tinbu, and WinTogether [6].