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SEGG Media Shares Additional Details on Strategic Investment into Veloce Media Group
Globenewswire· 2025-07-17 13:30
Core Insights - SEGG Media Corporation is expanding its portfolio through a significant investment in Veloce Media Group and the acquisition of Quadrant, marking a pivotal moment in its growth strategy [1][4] Investment Details - SEGG Media has entered a Subscription Agreement for $7.59 million, which will result in a 12.4% ownership stake in Veloce Media [4] - The initial tranche of the investment funded the acquisition of Quadrant, with a Call Option Agreement allowing SEGG Media to increase its stake to 51% in Veloce [4] Quadrant Acquisition - Veloce Media Group acquired majority control of Quadrant, a motorsport and apparel brand co-founded by Formula 1 driver Lando Norris, enhancing its digital presence [2] - Lando Norris retains over 20% equity in Quadrant and has reinvested in Veloce, indicating strong confidence in the venture [2] Shareholder Composition - Quadrant's cap table includes notable shareholders such as McLaren Racing CEO Zak Brown and other prominent investors like Animoca Brands and Adrian Newey [3] Leadership Perspectives - SEGG Media's leadership emphasizes the strategic alignment of talent and digital scale to create a dominant motorsport-media platform [5] - Veloce's leadership highlights the validation of their digital-first approach through the acquisition and SEGG Media's investment [5] Market Position and Performance - Veloce reported $17.5 million in revenue and $1.14 million in EBITDA for the fiscal year ending June 2024, indicating strong financial performance [11] - The company has a substantial digital reach with 55 million subscribers and 750 million monthly views, enhancing its commercial leverage [11]
X @The Wall Street Journal
In the standings, the Atlanta Braves have been one of the most disappointing teams in baseball this season.But off the field, their Battery Atlanta home has turned them into an economic juggernaut—and the envy of the rest of baseball.⚾️ https://t.co/OrunddmyLz https://t.co/OSM96upEOY ...
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].
X @Bloomberg
Bloomberg· 2025-07-16 05:12
The NBA has officially begun the process to expand for the first time in more than two decades https://t.co/Qkc3OaIvDo ...
X @The Wall Street Journal
In the standings, the Atlanta Braves have been one of the most disappointing teams in baseball this season.But off the field, their Battery Atlanta home has turned them into an economic juggernaut—and the envy of the rest of baseball.⚾️ https://t.co/jTIMq2GR6v https://t.co/9Ce2LZ6D5J ...
X @The Wall Street Journal
When Jayden Higgins signed his rookie contract with the Houston Texans, it looked like a routine transaction. Instead, it has led to an unprecedented standoff between teams and players. https://t.co/vLe2ijyXdB ...
X @Forbes
Forbes· 2025-07-13 11:30
MLB’s top 10 earners will haul in $576 million combined this season: https://t.co/D8eACSyq5g https://t.co/D8eACSyq5g ...
A look at Cristiano Ronaldo’s $675M deal. 💰
Yahoo Finance· 2025-07-12 19:00
Contract Overview - Cristiano Ronaldo signed a 2-year $675 million contract extension with Alnasar [1] - Ronaldo's annual player salary increased by 9% to $245 million [1] Financial Incentives - Ronaldo receives a 15% ownership stake in Alnasar worth $45 million [1] - A $33 million signing bonus is included, potentially rising to $52 million if the second-year player option is accepted [1] - Sponsorship deals are promised, totaling $82 million from Alan Assol [1] - A $1 million bonus is offered if Alnasar wins a Saudi pro league [1] Additional Benefits - Free access to a private jet is provided [2] - A 16-person team of full-time employees, including drivers, chefs, housekeepers, and security guards, is included [2]
Patrick Mahomes on Kansas City Chiefs ownership
CNBC Television· 2025-07-12 13:00
You know, a lot of these ownership groups now are starting to sell minority stakes in their teams. In the back of your mind, are you thinking when the day comes where you retire, maybe you'd like to be a part owner of the Chiefs. Uh, yeah.I mean, hopefully that's a long time from now, um, when I retire, but, uh, I mean, that would obviously be cool. I mean, uh, Kansas City and the Chiefs have done so much for me. Um, so to be a part of them in any way, um, would be really cool.And so, uh, I know they do the ...
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]