Group 1 - Noble Capital Markets initiated coverage on SEGG Media with an Outperform rating and a $20 price target, highlighting valuable brand assets and a refreshed growth strategy [1] - SEGG Media was formed after the restructuring of Lottery.com and is now under new leadership with an asset-light model focused on digital platforms, sports media rights, and consumer venues [1] - The company's portfolio includes Sports.com, Lottery.com, TicketStub.com, and Concerts.com [1] Group 2 - Sports.com was relaunched globally in 2025, and SEGG is preparing to open the Boca Sports Complex, a 100,000-square-foot facility expected to be a near-term revenue driver [2] - The Boca Sports Complex will feature pickleball, basketball, golf simulators, and a premium gym [2] - SEGG plans to revive Lottery.com as a mobile-first platform for purchasing and redeeming lottery tickets, with an international rollout in late 2025 and phased re-entry into U.S. markets pending licensing [2] Group 3 - Noble valued SEGG's domain assets at $101 million and the Boca Sports Complex at $16 million [3] - After applying a 20% execution risk discount, the derived enterprise value is $81 million, equating to $20 per share [3] - This valuation supports Noble's bullish rating on SEGG Media [3]
Noble Capital Initiates Lottery.com With Outperform Rating, $20 Target
Financial Modeling Prepยท2025-09-12 19:00