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Federal Court Dismisses All of Remaining Claims Against SEGG Media
Globenewswire· 2026-01-29 15:30
Core Viewpoint - SEGG Media Corporation, formerly known as Lottery.com Inc., has successfully had remaining claims in a legacy litigation dismissed by the U.S. District Court for the Middle District of Florida, allowing the company to focus on its business strategy and growth initiatives [1][2][3]. Legal Developments - The Court granted the Company's renewed motion to dismiss for lack of subject matter jurisdiction and declined to exercise supplemental jurisdiction over the remaining state-law counterclaims, leading to the closure of the case [2][3]. - This ruling follows the prior dismissal of all federal claims in the action, resulting in the Court lacking jurisdiction to adjudicate the remaining state-law claims, which were dismissed without prejudice [3]. Management Response - SEGG Media's Chief Operating Officer expressed satisfaction with the Court's decision, indicating alignment with established jurisdictional principles [4]. - The Company views this ruling as a procedural resolution that allows the new management team to concentrate on executing its business strategy and enhancing core business assets [5]. Business Focus - SEGG Media is committed to driving revenue growth, completing strategically-targeted acquisitions, and creating long-term shareholder value through its digital assets, including Sports.com, Concerts.com, TicketStub.com, and Lottery.com [5][6].
SEGG Media Closes $2.5 Million Funding Agreement
Globenewswire· 2025-12-11 15:30
Core Viewpoint - SEGG Media Corporation is undergoing a strategic shift towards disciplined management and operational efficiency, focusing on sustainable growth and clear execution of initiatives to enhance shareholder value [2][3][7]. Group 1: Financial Developments - The company has closed a $2.5 million Securities Purchase Agreement to fund key initiatives, including acquiring a controlling interest in Veloce Media Group [1][5]. - The acquisition of Veloce is valued at $53 million pre-money and is expected to contribute nearly $20 million in annual revenue starting in Q1 2026 [5][6][7]. Group 2: Strategic Initiatives - The company has outlined a $5 million 90-day plan focusing on five key initiatives aimed at maximizing asset value and improving operational processes [3][4]. - Key initiatives include finalizing the acquisition of Veloce Media Group, securing intellectual property from DotCom Ventures, investing in international gaming operations in Mexico, developing the Sports.com All-Sports Arena, and strengthening internal processes [6][7]. Group 3: Leadership and Management Changes - The Board of Directors has made changes to the executive leadership team to emphasize a disciplined approach to planning and execution [2][3]. - The interim CEO and CFO has highlighted the importance of responsible growth and operational discipline to strengthen the company's foundations [5].
SEGG Media Announces Leadership Changes to Drive Growth
Globenewswire· 2025-12-01 15:17
Core Insights - SEGG Media Corporation has announced significant leadership changes, terminating CEO Matthew McGahan and appointing CFO Robert Stubblefield as Interim CEO [1][2][5] - The company is entering a new growth phase, focusing on revenue expansion through its digital properties and strategic acquisitions [2][4] - Stubblefield aims to ensure financial stability and rebuild shareholder value by emphasizing responsible revenue growth and operational discipline [4][5] Leadership Changes - Matthew McGahan has been removed as CEO, Secretary, and President, while Robert Stubblefield has been appointed as Interim CEO and Marc Bircham as Chairman [1][5] - McGahan will remain a Company Director until the next annual meeting of shareholders [1] Growth Strategy - SEGG Media is leveraging its digital assets, including Sports.com, Concerts.com, and Lottery.com, to achieve over 102 million views across platforms in 2025 [2] - The leadership changes are intended to support upcoming strategic acquisitions and enhance operational discipline [2][4] Interim CEO's Vision - Robert Stubblefield emphasizes a focus on financial stability, disciplined execution, and long-term shareholder value [4][5] - He will oversee the expansion of the Sports.com brand and the launch of Concerts.com while maintaining the momentum of existing revenue drivers [4] Company Overview - SEGG Media integrates traditional assets with blockchain innovation, focusing on immersive fan engagement and ethical gaming [6]
SEGG Media Regains Full Compliance with Nasdaq
Globenewswire· 2025-10-20 14:51
Core Points - SEGG Media Corporation has regained full compliance with Nasdaq's continued listing requirements, marking a significant milestone since its rebranding from Lottery.com [1][2] - The compliance issue was related to shareholder approval for equity grants made in 2023 and early 2024, which have now been aligned with the approved 2021 Incentive Plan [2] - The current management team, which took over in May 2023, has addressed various legacy issues, allowing the company to focus on growth and shareholder value [3][4] Company Developments - The company has executed a multi-vertical acquisition strategy across sports, entertainment, esports, and live events [8] - SEGG Media is ramping up investor communications and focusing on revenue-generating activities across its core brands, including Sports.com and Concerts.com [3][4] - The company has worked with the SEC to declare two Form S-1 Registration Statements effective, enabling it to raise $450 million for global operations and revenue growth [8] Strategic Focus - SEGG Media aims to maximize value across its brand portfolio and generate revenue, with a strong emphasis on scaling operations and launching new programs [4] - The company is redefining audience engagement through immersive fan experiences and ethical gaming [5]
SEGG Media Highlighted with $20 Price Target in Noble Capital Markets Research Report
Globenewswire· 2025-09-15 13:30
Core Insights - SEGG Media Corporation has been valued at over $100 million, supported by an independent analysis from Noble Capital Markets, which initiated coverage with an Outperform rating and a $20 price target, indicating a valuation more than 4 times its current market capitalization [1][2]. Company Assets - The company's brand portfolio includes globally recognized assets such as Sports.com, Lottery.com, Concerts.com, and TicketStub.com, along with the Boca Raton Sports Complex, which are considered cornerstone assets for the valuation [2]. Growth Catalysts - SEGG Media's transformational acquisitions and investments, including Veloce Media, Quadrant, Nook, Sports.com Studios, and advanced technology platforms like Spektrum, are identified as key catalysts for accelerated valuation growth in the latter half of 2025 and beyond [3]. Leadership Commentary - Chairman and President Matthew McGahan emphasized that the independent analysis confirms the company's undervaluation relative to its assets and growth pipeline, highlighting the solid foundation created by Sports.com, Lottery.com, and Concerts.com, and the potential for significant upside in shareholder value as acquisitions are finalized [4]. Company Overview - SEGG Media Corporation operates a global portfolio in sports, entertainment, and gaming, focusing on digital assets and immersive fan engagement, ethical gaming, and AI-driven live experiences [5].
Callum Ilott Delivers Extraordinary Comeback as SEGG Media Brands Shine at Portland
Globenewswire· 2025-08-11 13:30
Core Insights - SEGG Media Corporation's brands, Lottery.com and Sports.com, gained significant visibility during the NTT INDYCAR and INDY NXT events, showcasing strong performances from SEGG Media-backed drivers [3][11]. Performance Highlights - Callum Ilott achieved a remarkable performance, finishing P6 after starting from P24, marking his career-best result and PREMA's fourth consecutive top-10 finish [4][5]. - Louis Foster, despite facing early setbacks, finished P13 and maintained his lead in the 2025 INDYCAR Series Rookie of the Year standings [7][8]. - Seb Murray, in his Portland debut, finished P16 after being involved in an early incident, gaining valuable experience ahead of the final races [9][10]. Branding and Visibility - Ilott's helmet prominently featured the Lottery.com logo, enhancing brand visibility during the race [6]. - Foster's car displayed Sports.com branding on key areas, contributing to high-visibility moments throughout the event [8][13]. - Murray's vehicle showcased both Lottery.com and Sports.com branding, ensuring comprehensive representation for SEGG Media in the Indy NXT paddock [10][13]. Company Overview - SEGG Media Corporation operates a portfolio of digital assets, including Sports.com, Concerts.com, and Lottery.com, focusing on immersive fan engagement and ethical gaming [11].
All Eyes on SEGG Media: Ilott's Charge, Foster's Fire, Murray's Redemption Lead Racing Weekend
GlobeNewswire News Room· 2025-07-28 13:30
Core Insights - SEGG Media Corporation is enhancing its presence in the sports, entertainment, and gaming sectors through strategic partnerships and talent investments, as demonstrated by the recent performances of its sponsored drivers at the Java House Grand Prix of Monterey [1][7][8] Performance Highlights - Callum Ilott achieved a remarkable performance by moving from P24 to P6, marking PREMA Racing's best result in the NTT INDYCAR Series [2] - Louis Foster secured P7 in qualifying, showcasing his consistency as a rookie despite facing challenges during the race [3] - Sebastian Murray made a significant comeback, finishing P5 in INDY NXT after overcoming previous setbacks, which highlighted his resilience and skill [4][5][6] Brand Exposure and Strategy - The performances of the drivers resulted in substantial brand exposure for Sports.com and Lottery.com, reinforcing SEGG Media's strategy of leveraging talent for market visibility [6][7] - SEGG Media's recent acquisitions of Veloce and Quadrant, along with a partnership with the Kerala Super League, are aimed at expanding its global footprint in sports and entertainment [7] - The company emphasizes a long-term strategy focused on smart investments in talent and intellectual property, aiming to create value both on and off the track [8]
All Eyes on SEGG Media: Ilott’s Charge, Foster’s Fire, Murray’s Redemption Lead Racing Weekend
Globenewswire· 2025-07-28 13:30
Core Insights - SEGG Media Corporation is enhancing its presence in the sports, entertainment, and gaming sectors through strategic partnerships and talent investments [9][10] - The recent performances of drivers sponsored by SEGG Media, particularly in the Java House Grand Prix of Monterey, have provided significant brand exposure for Sports.com and Lottery.com [8][9] Company Performance - Callum Ilott achieved a remarkable P6 finish from P24 on the grid, marking PREMA Racing's best result in the NTT INDYCAR Series [4] - Louis Foster qualified P7 and demonstrated consistent performance despite an early race incident, reinforcing his status as a promising rookie [5] - Sebastian Murray made a strong comeback, finishing P5 in INDY NXT after overcoming previous setbacks, showcasing resilience and skill [6][8] Strategic Developments - SEGG Media's recent acquisitions of Veloce and Quadrant, along with a partnership with the Kerala Super League, are aimed at expanding its global footprint in sports and entertainment [9] - The company emphasizes a long-term strategy focused on talent investment and intellectual property, aiming to create value both on and off the track [10] Brand Exposure - The performances of the sponsored drivers have resulted in substantial media coverage, enhancing brand visibility for Sports.com and Lottery.com [8][9] - The CEO of SEGG Media highlighted the importance of these performances in delivering value to shareholders and partners [9]
Ilott Delivers Stunning Top-10 Drive as Foster Flashes Brilliance 2025 Ontario Honda Dealers Indy Toronto
Globenewswire· 2025-07-21 13:30
Core Insights - SEGG Media Corporation announced strong performance from its drivers at the 2025 Ontario Honda Dealers Indy Toronto, with Callum Ilott achieving a career-best finish of P8 and Louis Foster showcasing his qualifying prowess by securing P7 [2][3][4] Company Performance - Callum Ilott's performance marked the team's highest finish of the season, moving from 13th to 8th place during the race [2] - Louis Foster maintained an impressive qualifying average of 8.4 over the last five races, including a pole position at Road America [3] - Despite a setback due to a suspension issue, Foster's early race performance demonstrated his competitive edge [3] Strategic Developments - The weekend was significant for SEGG Media as it coincided with strategic meetings aimed at expanding the 2026 Young Drivers Academy [4] - The company confirmed acquisitions of Veloce and Quadrant, along with a broadcast partnership for the Kerala Super League, enhancing its market presence [4][5] Upcoming Events - The next race will take place at Laguna Seca, where Foster previously excelled in Indy NXT, indicating potential for continued success [5][6]
Sports.com and Lottery.com Head to Toronto as Callum Ilott and Louis Foster Prepare for Final Street Battle of 2025
Globenewswire· 2025-07-18 13:30
Core Insights - SEGG Media Corporation is actively participating in the 2025 Ontario Honda Dealers Indy Toronto, showcasing its flagship brands Sports.com and Lottery.com through drivers Callum Ilott and Louis Foster [3][4] - The Toronto race is noted for its challenging layout, which includes an 11-turn, 2.874 km circuit that requires high levels of focus and strategy [4] - The company has recently made significant strategic advancements, including the acquisition of Veloce and Quadrant, and a partnership with the Kerala Super League, marking a milestone week for SEGG Media [8] Company Activities - SEGG Media is leveraging the IndyCar platform for brand engagement, with on-car branding and global broadcast coverage to enhance visibility [8][9] - Marc Bircham, Director of Sports.com, will be present at the Toronto race, emphasizing the company's commitment to building a strategic presence in the motorsport sector [7] - The company aims to use the Toronto race as a catalyst for future initiatives in 2026, focusing on performance and development [8] Driver Performance - Louis Foster is coming off a strong performance at Iowa, maintaining a consistent qualifying average of 12.5 in a competitive field [5][6] - Callum Ilott is looking to improve his previous best finish in Toronto, indicating a focus on achieving breakthrough results [6] Event Details - The race weekend includes multiple practice sessions, qualifying, and the main race, with specific attention to strategy factors such as limited overtaking and fuel-saving [9]