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 Announces Sports.com Hub Global Expansion Plans