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Lottery.com Announces Positive Results From Annual Shareholder Meeting
Globenewswire· 2025-02-20 23:04
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]
Lottery.com Conducted Its Annual Shareholders Meeting from Mar-a-Lago in Palm Beach, Florida, Followed by Exclusive VIP Investor Luncheon
Newsfilter· 2025-02-20 16:30
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].
Marc Bircham and Tamer Hassan Lead the Charge for Sports.com at the Prestigious Soccerex Kickoff in Cairo, Egypt
Globenewswire· 2025-02-20 14:29
Core Insights - Sports.com has entered a multi-year partnership with Soccerex, becoming its official title sponsor for the next 24 months, supporting six major events worldwide [1] - The first event under this partnership will take place on February 23, 2025, in Cairo, Egypt, focusing on global soccer business and networking [2] Company Overview - Sports.com is a leading global sports media and technology platform owned by Lottery.com Inc., dedicated to delivering innovative content and fan engagement in the sports industry [9] - The company aims to grow the global soccer ecosystem by partnering with leading organizations and influencers [9] Event Details - The Soccerex MENA event in Cairo will feature a Q&A session hosted by Marc Bircham and Tamer Hassan, providing insights into the soccer industry and Sports.com's future vision [4] - Following the Cairo event, Soccerex will host another event in Amsterdam in May 2025 at the Johan Cruyff Arena, and a Miami event at the Hard Rock Hotel Resort in November 2025 [5][6] Leadership Statements - Marc Bircham expressed excitement about representing Sports.com at Soccerex and emphasized the importance of the events for meaningful discussions about the future of soccer [7] - Tamer Hassan highlighted the passion for soccer and the unique opportunities that Sports.com aims to create by connecting sports, entertainment, and technology [8]
Lottery.com Announces Global Advisory Board to Support Growth Initiatives
Newsfilter· 2025-02-18 12:51
Core Viewpoint - Lottery.com has established a global advisory board to provide strategic guidance and support for its growth and expansion into new markets [1][2][3] Group 1: Advisory Board Purpose and Structure - The Advisory Board will focus on Lottery.com's primary brands, Lottery.com and Sports.com, and will consist of industry leaders with expertise in gaming, technology, operations, media, compliance, and private equity [2][4] - The board aims to provide independent advice on trends and challenges, evaluate the current business model, refine operations, and explore new growth prospects [2][4] - The formation of the Advisory Board is timely, coinciding with renewed investor interest following the SEC's Notice of Effectiveness for its S-1 [3][4] Group 2: Market Insights and Philanthropy - The global lottery market was valued at approximately $335 billion in 2023, with nearly 30% of proceeds allocated to public programs such as education, veterans' affairs, and healthcare [4] - Lottery.com plans to enhance its impact in these areas by creating a sustainable philanthropic framework within its business model [4] Group 3: Leadership and Expertise - The Advisory Board is chaired by Cary S. Fitchey, who has raised and invested over $2 billion and has extensive experience in acquisitions, strategy, compliance, and corporate governance [8] - Other notable members include Ashleigh Barry, with a background in strategic communications, and Damien Lipman, who specializes in payment solutions [8]
Lottery.com Strengthens Its International Expansion With Technology Acquisition
GlobeNewswire News Room· 2025-02-14 14:00
Core Insights - Lottery.com has entered into a Memorandum of Understanding with PlusEVO Ltd. to acquire an advanced lottery management system and gaming platform, enhancing its international expansion efforts [1][2] - The acquisition is part of the company's strategy to launch and generate revenue from international operations by March 31, 2025, allowing for greater operational efficiencies and long-term value creation [2][3] - The all-stock purchase price for the acquisition is set at $1.5 million, payable over 30 months, with a share value of $3 [2] Company Strategy - The acquisition allows Lottery.com to own its proprietary technology stack, eliminating reliance on third-party licensing agreements and enabling full control over its technical roadmap [2][3] - This strategic move is expected to accelerate the company's expansion into Europe, Africa, and other emerging markets, enhancing customer experience and innovation [3][6] Technology Benefits - The newly acquired platform is built on a microservices architecture, ensuring high availability and seamless scalability, optimizing resource utilization for international markets [4] - Event-driven workflows powered by Kafka logic improve system responsiveness and reduce latency, while enhanced security protocols safeguard data integrity and privacy [5] - The technology stack's diversity allows for the selection of the most suitable technology for each function, fostering innovation and optimizing performance [5]
Sports.com Enters Into Multi-Year Partnership Agreement With Soccerex
Globenewswire· 2025-02-11 12:47
Company Eyes the Potential for UK Football Club AcquisitionFORT WORTH, Texas, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Sports.com, a global leader in digital sports entertainment and a key brand of Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), announces that it has entered into a multi-year global partnership agreement (the “Agreement”) with Soccerex, the world’s leading soccer (hereinafter referred to as “football”) business event organizer. The Agreement makes Sports.com the title spon ...
Lottery.com Inc. Announces Launch of International Lottery Operations
Globenewswire· 2025-02-04 17:06
Core Viewpoint - Lottery.com is launching its international lottery operations to meet global customer demands, aiming to generate new revenue by the end of March 2025 [1][5]. Group 1: International Expansion - The company has customized a technology platform to provide a secure and engaging experience for international audiences, targeting markets in Europe, Africa, and other emerging global markets [2][4]. - Lottery.com has secured agreements with marketing and affiliate partners in the gaming space to enhance customer acquisition and expand its market reach [3][4]. Group 2: Strategic Goals - The company aims to attract a global customer base by partnering with local players, which will help generate revenue opportunities and cater to local preferences and regulatory requirements [4]. - The Chairman of Lottery.com expressed confidence in the company's ability to generate revenue from international lottery operations by the end of March, emphasizing the importance of technology investment and brand refresh for sustained success [5].
Lottery.com Inc. Chairman Addresses Effective Form S-1 Registration Statement
GlobeNewswire News Room· 2024-10-18 12:59
FORT WORTH, Texas, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY; LTRYW) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, is pleased to announce that the U.S. Securities and Exchange Commission ("SEC") has declared the Company's Form S-1 Registration Statement effective on October 16, 2024 ("Registration Statement") (File Number: 333- 281925). Following the declaration, Matthew McGahan, Lottery.com Chairman and CEO, wrote an open ...
Sports.com Expands Geographical Footprint, Launching in New Markets Across Asia
GlobeNewswire News Room· 2024-09-23 11:53
LONDON, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) ("Lottery.com" or the "Company") is pleased to announce that Sports.com, a global leader in digital sports entertainment, has significantly expanded its geographic reach, launching its platform and content in new markets across Asia. This expansion is part of Sports.com's ongoing commitment to delivering premium sports content to millions of potential fans worldwide, further extending its commercial reach beyond Africa and the ...
Lottery.com Completes Acquisition of S&MI Ltd, Rebranding as Sports.com Media Ltd
GlobeNewswire News Room· 2024-09-05 12:00
LONDON, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) ("Lottery.com" or the "Company"), a leading online lottery services provider, announces the successful completion of its acquisition of S&MI Ltd. ("S&MI"), the innovative technology company behind the Sports.com brand and app. The consideration for the acquisition, finalized on September 1, 2024, is all in common stock of Lottery.com valued at $3.00 per share. The acquisition of S&MI marks a significant milestone for Lottery.c ...