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Lottery.com Expands Its Global Footprint in Live Entertainment with $10M Acquisition of Concerts.com and TicketStub.com
LotteryLottery(US:LTRY) Globenewswireยท2025-05-07 18:53

Core Insights - Lottery.com Inc. has signed a Letter of Intent to acquire a majority stake in DotCom Ventures Inc. for a transaction valued at $10 million, which includes premium domain assets Concerts.com and TicketStub.com [1][4][8] - This acquisition will form the third foundational pillar of Lottery.com's platform, alongside Sports.com and Lottery.com, creating a unified ecosystem for content, commerce, and live experiences [2][10] - The investment is structured as a blend of cash, secured debt, and equity issued at up to $3.00 per share, reflecting the company's long-term vision and commitment to scaling globally [4][5][10] Acquisition Key Highlights - The acquisition includes Concerts.com and TicketStub.com, which are operational platforms designed for scalability and revenue generation from day one [2][8] - Concerts.com will serve as the primary ticketing engine for Sports.com, enhancing the unified commerce and content strategy across various live entertainment sectors [4][7] - TicketStub.com will focus on alternative entertainment verticals, including festivals, comedy, esports, and niche lifestyle events, allowing for a dual-brand strategy [8][9] Strategic Vision - The partnership aims to provide fans with reliable access to live events, creating a new standard for fan engagement and experience [5][6] - The combined assets of Lottery.com, Sports.com, and Concerts.com are positioned to anchor the next decade of innovation in the digital entertainment space [10][11] - The company believes it holds one of the strongest domain portfolios globally, enhancing its competitive edge in the market [9][10] Future Developments - Concerts.com is being developed as a fully integrated live events engine, directly connecting with Sports.com's live streaming infrastructure [7][15] - The investment will support a revenue-ready infrastructure that allows for rapid monetization and original content creation through Sports.com Studios [8][15] - The strategic focus includes delivering bundled experiences that combine tickets, content, and streaming, enhancing consumer engagement across various entertainment sectors [15]