Workflow
Entertainment and Gaming
icon
Search documents
SEGG Media Corporation Announces Next Steps in Corporate Transition with Planned CUSIP Number Change to Strengthen Shareholder Protections
Globenewswire· 2025-07-16 12:33
Core Viewpoint - SEGG Media Corporation, formerly known as Lottery.com Inc., is undergoing a corporate transition that includes a CUSIP number change to enhance shareholder protection and market transparency while addressing concerns about illicit trading activities [1][2][3]. Group 1: Corporate Transition - The company has completed its corporate rebrand and is now trading under the ticker symbol 'SEGG' [2]. - The CUSIP change is part of a broader strategy to modernize SEGG's market identity and improve protections against negative trading practices, particularly short selling [2][3]. Group 2: Regulatory Actions - SEGG Media is collaborating with outside counsel to investigate potential illegal market activities, including naked short selling, to protect shareholder interests [3]. - The CUSIP change is seen as a protective measure in response to observed shorting patterns and potentially unlawful activities targeting the company's stock [3]. Group 3: Company Commitment - SEGG Media is committed to safeguarding shareholder value and pursuing an aggressive roadmap focused on acquisitions, innovation, and global expansion in the sports, entertainment, and gaming sectors [3]. Group 4: Company Overview - SEGG Media operates a portfolio of digital assets, including Sports.com and Lottery.com, and is focused on immersive fan engagement, ethical gaming, and AI-driven live experiences [5].
Triple Threat: Sports.com and Lottery.com Drivers Ready to Dominate Iowa Speedway
Globenewswire· 2025-07-11 16:00
Core Insights - SEGG Media Corporation is set to participate in a high-stakes doubleheader weekend at Iowa Speedway, featuring both the NTT INDYCAR Series and INDY NXT, showcasing the company's involvement in sports and entertainment [1][7] Company Overview - SEGG Media Corporation (NASDAQ: SEGG, LTRYW) is a leading technology company focused on transforming the intersection of sports, entertainment, and gaming, operating digital assets like Sports.com and Lottery.com [1][7] - The company emphasizes immersive fan engagement, ethical gaming, and AI-driven live experiences, aiming to redefine audience interaction with content [7] Event Details - The Iowa Speedway, known as the "Fastest Short Track on the Planet," will host INDYCAR's only doubleheader of the season, with races taking place on a 0.875-mile tri-oval track [1][7] - The weekend schedule includes free practice on July 11, INDYCAR qualifying on July 12, and two races on July 13, with live broadcasts available on NBC, Peacock, and Sky Sports [6][7] Team Performance - PREMA Racing is optimistic about its performance after recent testing at Iowa, with drivers Callum Ilott and Robert Shwartzman prepared for the challenges of the oval track [2][3] - Andretti Global is coming off a successful weekend, celebrating its 300th win, and has a strong historical performance at Iowa with 10 victories and 26 podiums across its programs [3][4]
SEGG Media and David Lloyd Announce Groundbreaking $14M U.S. Expansion Deal
GlobeNewswire News Room· 2025-07-09 16:00
Core Insights - SEGG Media Corporation has signed a binding Letter of Intent to acquire the rights to David Lloyd's All-Sports Arena in Boca Raton, FL, valued at $14 million, marking the brand's entry into the U.S. market [2][3] Company Overview - SEGG Media is a technology company focused on the intersection of sports, entertainment, and gaming, operating under the NASDAQ ticker SEGG [2][11] - David Lloyd is a prominent figure in British and European sports, known for founding David Lloyd Leisure, which operates 130 health and fitness clubs serving over 710,000 members [4][12] Facility Details - The All-Sports Arena will be a 100,000 square-foot facility in Boca Raton, designed to combine sports infrastructure with co-working and business amenities, branded as "Sports.com All-Sports Arena, designed by David Lloyd" [3][8] - Key features of the facility include indoor padel, basketball, and pickleball courts, climbing walls, AI-driven golf simulators, and a luxury co-working space of approximately 10,000 square feet [8][10] Financial Projections - The Boca facility is projected to generate over $6 million in EBITDA in its first year of operations, with plans for additional facilities to be developed [10] Strategic Expansion - The Boca Raton launch is part of a broader international rollout strategy, with plans for expansion across major U.S. cities and the Middle East, leveraging Sports.com's digital audience and David Lloyd's operational expertise [7][9]
SEGG Media and David Lloyd Announce Groundbreaking $14M U.S. Expansion Deal
Globenewswire· 2025-07-09 16:00
Core Viewpoint - SEGG Media Corporation has signed a binding Letter of Intent to acquire the rights to David Lloyd's All-Sports Arena in Boca Raton, FL, valued at $14 million, marking the entry of the David Lloyd brand into the U.S. market [3][4] Company Overview - SEGG Media Corporation operates in the sports, entertainment, and gaming sectors, focusing on immersive fan engagement and AI-driven experiences [11] - David Lloyd is a prominent figure in global sport and fitness, known for founding David Lloyd Leisure, which operates 130 premium health and fitness clubs [6][12] Strategic Partnership - The LOI was signed during Wimbledon, symbolizing a significant partnership between SEGG Media and David Lloyd, aimed at creating a unique sports and business ecosystem [4][7] - The Boca Raton facility will be branded as "Sports.com All-Sports Arena, designed by David Lloyd," featuring a blend of sports infrastructure and business amenities [4][9] Facility Features - The arena will span 100,000 square feet and include indoor padel, basketball, and pickleball courts, climbing walls, AI-driven golf simulators, and a luxury co-working space [4][15] - The facility is projected to generate over $6 million in EBITDA in its first year of operations [10] Expansion Plans - This launch is part of a broader international rollout strategy, with plans for additional facilities across major U.S. cities and the Middle East [8][9]