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Lottery.com and Sports.com Boost Brand Visibility Through Strategic Expansion in IndyCar
Globenewswire· 2025-06-05 15:00
Core Insights - Lottery.com has extended its sponsorship agreement with British motorsport professional Louis Foster, enhancing its commitment to global brand exposure and shareholder value through motorsport partnerships [1][3] Group 1: Sponsorship Details - The extended agreement includes the display of the Sports.com logo on Foster's helmet and the front wing endplates of the Rahal Letterman Lanigan Racing 45 IndyCar for the remainder of the 2025 season [2] - The sponsorship covers all nine remaining races of the season, including notable circuits such as Road America, Mid-Ohio, and the Milwaukee Mile [2] Group 2: Strategic Goals - The partnership aims to solidify Lottery.com's presence in American motorsports and enhance global brand awareness, contributing to significant shareholder value [3] - The combination of helmet branding and prominent front-wing placement is designed to provide extensive brand exposure across various media platforms, including broadcast, digital, and live audiences [3] Group 3: Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports, with brands including Sports.com, Tinbu, and WinTogether [4]
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]
Lottery.com Appoints Marc Bircham to Executive Director
Globenewswire· 2025-05-13 18:42
Marc Bircham Marc Bircham is the newest director for Lottery.com Inc. FORT WORTH, Texas, May 13, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery, sports and entertainment, announces the appointment of Marc Bircham to its Board of Directors as an Executive Director. Currently serving as Director of Sports.com since March 2024, Bircham has played an instrumental role in advancing the Company’s expansion into ...
From Wall Street to the Pit Lane: Lottery.com and Sports.com Sponsor Rising INDY NXT Driver Sebastian Murray, Competing with Andretti Cape
Globenewswire· 2025-05-02 15:19
Core Insights - Lottery.com has announced a sponsorship deal with rising motorsport talent Sebastian Murray, who will compete in the 2025 INDY NXT series with the Andretti Cape team [1][5][6] Group 1: Sponsorship Details - The sponsorship includes branding rights, digital content, and fan engagement activations through Murray's participation [5] - The No. 2 Andretti Cape INDY NXT car will feature Lottery.com and Sports.com branding during the Grand Prix of Alabama from May 2-4, 2025, and throughout the rest of the season [3][10] - The sponsorship aims to enhance visibility and access for Lottery.com and Sports.com within the motorsport community [6][10] Group 2: Company Vision and Strategy - The sponsorship reflects Lottery.com's strategic vision to invest in emerging talent and engage a new generation of fans [6][5] - Matthew McGahan, CEO of Lottery.com, emphasized the importance of this partnership in aligning the brand with the journey of a promising young driver [6] - Warren Macal, a board member at Lottery.com, highlighted the potential benefits of visibility and access that come with competing in the Andretti Cape environment [5][6] Group 3: Additional Initiatives - This announcement follows Lottery.com's recent sponsorship of the Donate to Win's™ Miami Sweepstakes, which aimed to elevate brand exposure and engage fans [6]
Lottery.com Enters Final Phase of Turnaround with $250M Growth Strategy, Strategic Acquisitions, and Shareholder Engagement
Globenewswire· 2025-04-28 13:00
Core Viewpoint - Lottery.com Inc. is planning its first shareholder webinar in over three years to enhance transparency and engagement, with a focus on strategic progress and growth vision [1][8] Group 1: Corporate Turnaround - The company is nearing the successful conclusion of a two-year corporate turnaround aimed at establishing long-term operational strength and shareholder value creation [2] - The Chairman and CEO emphasized the importance of engaging with shareholders during the final phase of the turnaround, highlighting a commitment to integrity and ambition [3] Group 2: Strategic Initiatives - Capital secured through funding facilities, including a recently filed S-1, will be strategically deployed for growth initiatives [4] - The company has successfully defended over a dozen legal cases, reducing litigation risks and laying a solid foundation for future growth [4] Group 3: Vision for Future Growth - The company aims to increase revenues by resuming gaming operations, monetizing Sports.com, and completing acquisitions to enhance profitability and shareholder value [5] Group 4: Shareholder Engagement - The company plans to host a shareholder webinar in Q2 and will issue a formal communication from the Chairman and CEO to shareholders in the coming weeks [8] Group 5: Leadership and Governance - A complete overhaul of the Board of Directors has been conducted, with experienced leadership focused on transparency and growth [7] - The executive team has been restructured, with key appointments including a new Chief Financial Officer and Chief Operating Officer [7] Group 6: Financial Strategy - The company has secured $100 million from Generating Alpha Ltd. and $150 million from United Capital Investments London, which will be used for cash-generative acquisitions and technology development [7]
Three Lawsuits Against Lottery.com and Sports.com Dismissed With Prejudice
Globenewswire· 2025-03-28 15:37
FORT WORTH, Texas, March 28, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery and sports entertainment, announces the following favorable judgements from the United States District Court for the Western District of Texas – Austin Division (the “Court”): The Court has ruled in favor of the Company granting with prejudice the Motion to Dismiss for Failure to State a Claim in the case styled Ryan Peterson v. Lotter ...