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Texas Class-Action Suit Against Lottery.com Voluntarily Dismissed by Plaintiff
Globenewswire· 2025-06-02 17:59
Core Viewpoint - Lottery.com Inc. has successfully dismissed a lawsuit filed against it, indicating a lack of evidence for the allegations made [1][2][3] Group 1: Lawsuit Details - The lawsuit was filed by Dawn Nettles in the 333 District Court in Harris County, Texas, and later moved to Business Court Division 11a, containing unfounded allegations against Lottery.com's operations [2] - The notice of dismissal was filed on May 30, 2025, under Texas Rule of Civil Procedure 162, terminating the case immediately [1][2] Group 2: Company Response - Gregory Potts, the Chief Operating Officer of Lottery.com, emphasized the company's commitment to fair and transparent operations, aligning with Nettles' advocacy [3] - The dismissal of the lawsuit is seen as a positive step towards rebuilding investor confidence and focusing resources on enhancing shareholder value [3] Group 3: Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports through its brands, including Sports.com, Tinbu, and WinTogether [4]
安踏体育-维持 2025 年业绩指引,渠道调研,维持增持评级
2025-06-02 15:44
Asia Pacific Equity Research 28 May 2025 Anta Sports (2020) Overweight Global China Summit 2025 takeaways: 2025 guidance maintained; channel checks; maintain OW ▲ Anta joined our China Summit on 22 May, and we also conducted channel checks in Shanghai Grand Gateway 66. Our key takeaways: 1) 2Q-to-date continued the solid 1Q trend (see our 1Q report) with healthy inventory (Anta/Fila at c5 months), though discounts are likely to deepen in May (vs. Apr) due to the 18 Jun events. 2) 2025 retail sell-through gu ...
Success for Lottery.com and Sports.com in Detroit as Seb Murray Secures Career-Best INDY NXT Finish
Globenewswire· 2025-06-02 14:30
Core Insights - Lottery.com and Sports.com achieved significant milestones during the Detroit Grand Prix, showcasing their drivers' resilience and performance in both the NTT INDYCAR SERIES and INDY NXT by Firestone [2][10] Driver Performance - Sebastian Murray secured his best career finish in INDY NXT with a P6, marking his first top-10 finish in the series after a strong qualifying performance and a determined race despite sustaining slight damage [3][4] - Louis Foster demonstrated his potential by leading laps in the NTT INDYCAR SERIES before a suspension failure caused a crash at high speed, though he emerged uninjured [5][6][7] - Callum Ilott showed competitive pace throughout the weekend but faced an unfortunate incident due to a loose wheel during a pit stop, ending his race prematurely [8][9] Future Outlook - The drivers are preparing for the upcoming oval race at World Wide Technology Raceway, with Foster having a strong track record in oval events from the previous season [9][10] - The company expressed optimism about the future, highlighting the brand exposure gained during the event and the promising performances of their drivers [11]
Triller Group Completes Strategic Review and Enters Into an Accelerated Development Phase Focusing on Social Media, Fintech, and Combat Sports
Globenewswire· 2025-06-02 13:00
Los Angeles, June 02, 2025 (GLOBE NEWSWIRE) -- The Board of Triller Group Inc (Nasdaq: ILLR) (“Triller Group”, “the Group” or “the Company”) is pleased to announce the completion of its strategic review, resulting in the reorganization of the Group into three interconnected core business units: Social Media (Triller App)Fintech/Financial Service (AGBA Group) Combat Sports (BKFC) The Board of the Company extends its gratitude to Mr. Bobby Sarnevesht for his contributions since the acquisition of the predece ...
Xunlei Closes Acquisition of Hupu
GlobeNewswire News Room· 2025-06-02 12:00
SHENZHEN, China, June 02, 2025 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that it has closed the acquisition of Shanghai Kuanghui Network Technology Co., Ltd. ("Kuanghui", also known as Shanghai Kuanghui Internet Technology Co., Ltd.), which operates Hupu, a leading sports media and data platform in China. Pursuant to the terms of the definitive agreement between Xunlei and Kuanghu ...
Lottery.com and Sports.com Power Triple Driver Lineup at Detroit Grand Prix
Globenewswire· 2025-05-30 13:10
Core Viewpoint - Lottery.com Inc. and Sports.com are enhancing their brand visibility through sponsorship of three drivers in the INDYCAR SERIES and INDY NXT, aiming to build long-term equity in sports and entertainment sectors [1][10][11] Sponsorship Details - The sponsorship includes Callum Ilott, who will prominently display the Lottery.com logo on his helmet for the remainder of the 2025 season after a strong performance at the Indianapolis 500 [3][4] - Louis Foster, who earned Top Rookie Honors at the Indy 500, will showcase Sports.com branding on his car, reflecting the company's commitment to supporting elite racing talent [6][7] - Sebastian Murray, the youngest driver in the INDY NXT series, will carry Lottery.com branding on his vehicle, symbolizing the company's focus on emerging motorsport talent [8][9] Strategic Importance - The sponsorship is viewed as a movement towards building global brand recognition and enhancing fan engagement in one of the most watched racing series [10][11] - The partnerships are expected to signal to shareholders that the company is making strides to increase the value of its premium brand assets [11]
Josh Harris on Living in the Spotlight
Bloomberg Originals· 2025-05-30 07:01
you're sitting across from a guy who was like, you know, on the cover of magazines. He was he was he was in the public. Sometimes for better, sometimes for worse.Um, you were able to go through much of your career. I know who you were, but it was my job, you know, I was at Bloomberg, but owning a team where everybody knows your name, where you're sitting courtside or you're sitting in the box. Um, what is that transition like.How do you cope with that. Especially, I'll I'll say it out loud, owning a footbal ...
BRP'S PRESIDENT AND CEO, JOSÉ BOISJOLI, TO RETIRE BY THE END OF THE FISCAL YEAR AFTER 22 YEARS AT THE HELM OF THE CORPORATION
Prnewswire· 2025-05-29 10:00
Core Insights - José Boisjoli, President and CEO of BRP Inc., will retire by the end of the fiscal year after 22 years in leadership, marking a significant transition for the company [1][2][3] - Under Boisjoli's leadership, BRP has transformed from a Bombardier spin-off into a leading global Powersports OEM, tripling its revenue and significantly increasing its market share [2][3] Company Leadership Transition - The Board of Directors is actively searching for a successor to Boisjoli as part of a succession plan, ensuring continuity in leadership [1][3] - Boisjoli will remain in his role until a new CEO is appointed, facilitating a smooth transition [1][3] Company Growth and Performance - Since becoming a standalone company in 2003, BRP has diversified its product portfolio and expanded its manufacturing footprint, resulting in a threefold increase in market share over two decades [2][3] - BRP's annual sales reached CA$7.8 billion, with a workforce of approximately 16,500 employees as of January 31, 2025 [6]
BRP REPORTS FISCAL YEAR 2026 FIRST QUARTER RESULTS
Prnewswire· 2025-05-29 10:00
Core Insights - BRP Inc. reported financial results for the three-month period ended April 30, 2025, showing a decrease in revenues and gross profit but a significant increase in net income compared to the same period last year [2][10][16]. Financial Performance - Revenues decreased by 7.7% to CAD 1,846.9 million from CAD 1,999.9 million in the same period last year [10][11]. - Gross profit fell by 24.3% to CAD 394.8 million, with a gross profit margin of 21.4%, down from 26.1% [13]. - Normalized EBITDA decreased by 34.7% to CAD 200.8 million [15]. - Net income increased by 278.8% to CAD 161.0 million, compared to CAD 42.5 million in the previous year [16][18]. Retail Sales and Market Trends - North American retail sales remained flat, with strong end-of-season sales in Snowmobile offset by a decline in Year-Round Products due to industry slowdown [8][12]. - Seasonal Products revenues decreased by 21.7% to CAD 419.2 million, while Year-Round Products revenues decreased by 4.5% to CAD 1,105.8 million [16]. Operating Expenses and Cash Flow - Operating expenses decreased by 9.2% to CAD 300.9 million, attributed to lower general and administrative expenses and cost optimization [14]. - Consolidated net cash flows from operating activities totaled CAD 214.5 million, an increase from CAD 141.4 million in the previous year [19]. Future Outlook - The company refrained from making financial projections due to uncertainty in the macro environment but expressed confidence in its product portfolio and inventory management for a potential rebound [4][7].
Academy Sports and Outdoors: A Solid Investment or Just Another Regional Player?
The Motley Fool· 2025-05-28 23:00
Explore the exciting world of Academy Sports and Outdoors (ASO 0.10%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!*Stock prices used were the prices of April 23, 2025. The video was published on May 28, 2025. ...