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SEGG Media Celebrates Landmark Success as Official Live Streaming Partner of Super League Kerala
Globenewswire· 2025-12-23 19:01
Core Insights - SEGG Media Corporation has successfully partnered with Super League Kerala, achieving over 150 million views during the second season of the league, validating its streaming capabilities and product vision [1][4][5] Group 1: Partnership Success - The partnership with Super League Kerala has been described as a pivotal milestone for SEGG Media, showcasing the demand for high-quality digital sports content [4] - The live-streaming of 33 matches over a 77-day period exceeded viewership expectations, laying the groundwork for future expansions [1][4] Group 2: Future Plans - SEGG Media is preparing for a significant scale-up phase in 2026, focusing on commercializing live sports streaming, sponsorship, advertising models, and audience monetization [3] - The company plans to expand its presence in India and the MENA region, covering three additional sports genres to enhance its digital sports entertainment offerings [3] Group 3: Technology and Platform Development - The successful launch of Sports.com, which includes next-generation streaming capabilities, was highlighted during the live-streaming of the SLK Season 2 opener [2] - The platform aims to provide a modern streaming ecosystem for sports organizations and a high-quality viewing experience for fans [6]
SEGG Media Corporation Launches: Ushering in a New Era of Sports, Entertainment and Gaming Innovation
Globenewswire· 2025-07-08 12:45
Core Viewpoint - Lottery.com Inc. has rebranded as SEGG Media Corporation, marking a significant corporate transformation and signaling a new era of growth in sports, media, and ethical gaming [3][4] Group 1: Corporate Transformation - The rebranding represents a definitive closure of legacy issues and positions SEGG Media for future growth [4] - SEGG Media is now structured to operate as a global sports and entertainment conglomerate [4] Group 2: Strategic Architecture - SEGG Media operates through three synergistic verticals: Sports, Entertainment, and Lottery, designed for global expansion and long-term shareholder value [5][10] - The company aims to create a fan-first business model that integrates immersive media and technology-driven experiences [6] Group 3: Content and Engagement - SEGG Media plans to redefine audience connections through original content, influencer campaigns, and innovative storytelling [7] - The company will focus on acquiring and revitalizing trophy assets, such as sports clubs and race teams, to unlock their value [7] Group 4: Financial Strategy - The company has stabilized its operations and balance sheet, appointed world-class leadership, and secured a $300 million equity line of credit [11] - Future plans include revenue-focused execution, responsible credit use, and strategic acquisitions to enhance market capitalization [15] Group 5: Future Outlook - SEGG Media is poised for major updates and aims to compete with larger entities by leveraging technology and ethical values [12]
Lottery.com in Final Stages of 2-Year Turnaround
Globenewswire· 2025-04-23 17:16
Core Insights - Lottery.com Inc. has launched a $250 million growth strategy aimed at enhancing its financial strength and operational momentum while expanding its market presence both domestically and internationally [1] Financial Performance - In March 2025, Lottery.com experienced record trading performance with over one billion shares traded and a stock price increase of 816%, indicating strong investor confidence following the resolution of corporate matters [4] - The company has achieved full Nasdaq compliance as of March 6, 2025, addressing all deficiencies under Listing Rules [9] Strategic Initiatives - The company is implementing an aggressive buy-and-build strategy, focusing on high-value partnerships and acquisitions in sports technology, live events, and gaming, supported by the $250 million funding [5][6] - The launch of Sports.com Studios aims to create immersive live-streaming content and enhance fan engagement, generating revenue through monetizable media assets [5] Leadership and Governance - Since 2023, Lottery.com has undergone a significant transformation with a new C-suite and a restructured Board of Directors, distancing itself from legacy issues and enhancing its operational focus [7] - The leadership team is committed to creating shareholder value and has successfully navigated challenges posed by malicious actors [7] Partnerships and Expansion - The company has secured a $150 million commitment from United Capital Investments London and a $100 million stock purchase agreement with Generating Alpha to support its global expansion and technology scale-up [9] - Strategic partnerships, including a deal with Orange for content streaming across Africa and the Middle East, are part of the company's efforts to enhance its global influence [9][10]
Lottery.com Restarts U.S. Sweepstakes Operations at the F1 Miami Grand Prix
Globenewswire· 2025-04-22 14:42
First U.S. Activation in Two Years Combines Charity, Sports, and High-Octane ExcitementFORT WORTH, Texas, April 22, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW), a leading technology company transforming how the world plays the lottery and engages with charitable sweepstakes, is proud to announce a major milestone: its first operational initiative combining charitable sweepstakes with Sports.com, a member of the Lottery.com family of brands. As part of this exciting activation, Lottery.co ...
Lottery.com Secures Ninth Legal Dismissal
Globenewswire· 2025-04-11 16:03
FORT WORTH, Texas, April 11, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company” or the “Defendant”), a leading technology company in digital lottery and sports entertainment, today announced another significant legal victory on April 9, 2025 as the United States District Court for the Western District of Texas denied a motion for reconsideration brought by Yes Period, LLC. The case styled Yes Period, LLC d/b/a Serenity Software v. Lottery.com, Inc. d/b/a Sports.c ...
Three Lawsuits Against Lottery.com and Sports.com Dismissed With Prejudice
Globenewswire· 2025-03-28 15:37
Core Viewpoint - Lottery.com has received favorable judgments from the United States District Court, allowing the company to focus on resuming gaming operations and building the Sports.com brand, while resolving legacy legal matters [1][5]. Legal Outcomes - The court ruled in favor of Lottery.com in three separate cases, dismissing all claims against the company with prejudice, which prevents the plaintiffs from refiling the same claims [1][5][6]. - The specific cases include: - Ryan Peterson v. Lottery.com, Inc. (final judgment signed on March 27, 2025) [5] - Brandon Marsh v. Lottery.com, Inc. (final judgment signed on March 4, 2025) [5] - Carl Wells v. Lottery.com, Inc. (final judgment signed on January 25, 2025) [5]. Management Commentary - The CEO of Lottery.com expressed satisfaction with the court's ruling, emphasizing the importance of these judgments in enabling the company to deliver value to shareholders and transition towards a new era of growth characterized by accountability and transparency [1].
Lottery.com Inc. Regains Full Compliance with Nasdaq's Continued Listing Rules
GlobeNewswire News Room· 2025-03-07 16:00
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 ...
Lottery.com Inc. Regains Full Compliance with Nasdaq’s Continued Listing Rules
Globenewswire· 2025-03-07 16:00
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 ...
Lottery.com Inc. Enters Into Stock Purchase Agreement With PlusEVO Ltd.
Globenewswire· 2025-03-06 20:28
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]
Lottery.com Inc. Targets First Entry Markets in Europe and Asia
Newsfilter· 2025-03-04 17:30
Core Insights - Lottery.com Inc. has launched its international lottery operations, marking its first revenue-generating expansion into new territories since its relaunch [1] - The company is investing in a cutting-edge lottery technology platform to meet the diverse demands of international markets [2] - The global lottery industry is valued at over $300 billion annually, with Lottery.com's expansion into European and Asian markets expected to generate immediate revenue [3] Market Growth Opportunities - The European lottery market was estimated at USD $118.75 billion in 2024, with a projected CAGR of 6.5% from 2025 to 2030 [4] - The Asian lottery market is expected to reach $5.10 billion in 2025, with an anticipated CAGR of 2.92% from 2025 to 2029 [4] Strategic Expansion Approach - Lottery.com will implement a regional roll-out strategy in Europe and Asia, focusing on building global brand recognition to enhance shareholder value [5] - The deployment of platforms will be guided by gaming regulations, brand performance, competitive landscape, and consumer preferences [5] Leadership Commentary - The Chairman and CEO of Lottery.com expressed excitement about the brand relaunch and the strategic step towards global ambitions [6] - The COO highlighted the milestone of international expansion and the company's readiness to meet the demands of new players and partners [6]