Core Insights - Lottery.com has completed the acquisition of Spektrum Ltd for $1.5 million in common stock, valued at $3 per share, to enhance its international operations and support the development of Lottery.com International [1][2] - The acquisition is a strategic move aimed at establishing a compliant platform for lottery, sweepstakes, and social gaming operations across various international jurisdictions [1][2] - The company plans to focus on expanding its brand reach and revenue growth in Europe, Africa, and Asia as part of its broader international strategy for 2025 [2] Company Strategy - The acquisition is seen as a pivotal step in Lottery.com's goal to become a globally recognized brand, strengthening its proprietary technology and operational scalability [2] - This deal marks the first of several strategic initiatives planned for 2025, indicating a commitment to both domestic and international expansion [2] - The company aims to relaunch its ticket sales operations and unlock greater geographical revenue opportunities, ultimately delivering increased value to shareholders [2]

BOCA RATON, Fla., March 18, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery and sports entertainment, completed its First Quarter Executive Planning meetings on March 13. The multi-day event brought together the Company’s directors, executives, and advisors along with strategic partners to formalize short- and long-term plans. The outcome was a clear plan to shape the future of Lottery.com and Sports.com and a ...

FORT WORTH, Texas, March 07, 2025 (GLOBE NEWSWIRE) -- Yesterday, Lottery.com Inc. (NASDAQ: LTRY; LTRYW) (“Lottery.com” or “the Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) determining that as a result of the closing bid price of the Company’s common share being $1.00 or above for the last twenty business days, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). Notably, the Company regained compliance with t ...

Core Insights - Lottery.com has entered into a Stock Purchase Agreement to acquire Spektrum Ltd from PlusEVO Ltd for an all-stock transaction valued at $1.5 million, with PlusEVO receiving 500,000 shares of restricted common stock valued at $3 per share over 30 months [1][3] - The acquisition is aimed at enhancing Lottery.com's technology platform to support its international market entry and revenue growth plans, allowing the company to offer additional gameplay options and increase user engagement [2][3] - This move aligns with Lottery.com's strategy to launch international operations by March 31, 2025, and to maximize operational efficiencies and long-term value creation through ownership of proprietary technology [3][4] Company Strategy - The acquisition is part of Lottery.com's broader strategy to expand globally and generate revenue from new markets, which is expected to enhance margins and drive profitable growth [3][4] - The company aims to leverage its proprietary technology to deliver more value to consumers and shareholders, indicating a focus on both market expansion and shareholder returns [4] Market Position - By acquiring technology tailored for international markets, Lottery.com positions itself to compete effectively with European, African, and Asian lottery operators, thereby increasing its market presence and consumer engagement [2][3]

Core Viewpoint - Lottery.com is enhancing its platform to support various advertising formats on Sports.com, aiming to create new revenue streams by leveraging its strong brand equity in the sports industry [1][2]. Group 1: Advertising and Revenue Opportunities - Sports.com will offer brands enhanced visibility through multiple advertising placements, including logos and marketing messages, targeting a valuable audience of sports consumers [2][5]. - The global sports industry generates over $100 billion annually in advertising and sponsorship revenue, positioning Sports.com to capitalize on this multi-billion-dollar market [5]. Group 2: Market Trends and Consumer Behavior - A report from Effectv indicates that sports fans spend an average of 3.2 hours per week watching sports content, highlighting the engagement level of the audience [3]. - The shift in consumer preferences from traditional broadcast to digital platforms is evident, with 55% of live sports viewership occurring on digital platforms in 2024, projected to rise to 63% by 2027 [4]. Group 3: Strategic Partnerships and Future Plans - The integration of live event coverage and broadcasts is planned for Sports.com, following successful streaming of professional boxing matches [4]. - Potential future acquisitions, such as a UK football club, could further enhance branding opportunities for advertisers through stadium and team sponsorships [2].

FORT WORTH, Texas, March 04, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ:LTRY, LTRYW)) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment announces the launch of its international lottery operations, marking the first revenue-generating expansion into new territories since the company's relaunch. As part of this strategic expansion, Lottery.com previously announced its commitment to providing innovative lottery solutions by investing in a cutting ...

Core Viewpoint - The United States District Court for the Southern District of Florida ruled in favor of Lottery.com and Matthew McGahan, dismissing the lawsuit filed by Sharon A. McTurk and her affiliated entities with prejudice, which prevents the plaintiffs from refiling the same claims [1][3][4]. Legal Proceedings - The lawsuit alleged four causes of action against the defendants, including fraudulent misrepresentation, negligent misrepresentation, aiding and abetting, and conspiracy [2][8]. - The court found that the plaintiffs' allegations did not meet the basic legal standards required to proceed with the case [2][4]. Court Decision - The court's ruling signifies the final dismissal of all claims against the defendants, effectively closing the matter [3][4]. - The dismissal was granted with prejudice, meaning the plaintiffs are barred from refiling the same claims [3][8]. Impact of the Ruling - The ruling highlighted the lack of credible evidence presented by the plaintiffs, leading to the rejection of all claims against Lottery.com and Matthew McGahan [4]. - This dismissal allows both parties to move forward without further legal considerations related to this matter [4]. Company Response - Matthew McGahan, Chairman and CEO of Lottery.com, expressed relief and optimism regarding the ruling, stating that it allows the company to focus on its operations and turnaround efforts [5].

Core Points - Lottery.com Inc. has received a notice from Nasdaq confirming compliance with Listing Rule 5620(a) following its annual meeting held on February 20, 2025, thus closing the matter of previous non-compliance [1] Group 1 - The company was previously notified of non-compliance with Nasdaq Listing Rule on January 10, 2025 [1] - The resolution of the compliance issue indicates a positive development for the company's standing on the Nasdaq exchange [1]

Core Points - Lottery.com Inc. successfully conducted its annual shareholder meeting, where all four proposals presented were approved by a wide margin [1][4] - The Board of Directors unanimously decided not to proceed with a reverse stock split after reviewing market conditions [2] - Shareholders elected Paul Jordan as a Class II Board director and ratified the appointment of Boladale Lawal & Co as the independent registered public accounting firm for the 2024 fiscal year [3] Management Commentary - The Chairman and CEO, Matthew McGahan, expressed gratitude towards shareholders for their overwhelming support, indicating confidence in the Board and management team [4]

Core Viewpoint - Lottery.com Inc. successfully conducted its annual shareholders meeting and hosted an exclusive investor luncheon at Mar-a-Lago Club, emphasizing its commitment to engaging with shareholders and exploring future investment opportunities [1][2]. Company Overview - Lottery.com is a leading technology company transforming the lottery experience through its advanced platform, offering safe and secure lottery play, real-time results, and data solutions for global partners [4]. - Sports.com, an affiliated platform, focuses on delivering innovative content and fan engagement in the sports industry, particularly in growing the global soccer ecosystem [5]. Shareholder Engagement - The company received overwhelming support from shareholders during the voting process, with official results expected to be announced after market close [2]. - The VIP investor luncheon provided select investors the opportunity to engage directly with key executives and discuss the strategic direction and future initiatives of both Lottery.com and Sports.com [3]. Key Executives - Notable attendees at the VIP luncheon included Matthew McGahn (Chairman and CEO), Gregory Potts (COO), and Marc Bircham (Director of Sports.com and Head of Football Acquisitions), highlighting the leadership's commitment to investor relations [3].