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Opening Bell: July 11, 2025
CNBC Television· 2025-07-11 14:26
in any ways gonna bow out here though. No. No.What I love he's a pretty strong little guy. One of my one of my I talk about what could really go wrong in the market for my speech today for the club is having the president named the second chair while he's shadowed chairman. I you know what I don't like I mean look I think that we're all you know we're TV people but we're also people.Uh, at what point uh does someone have no shame. I I I think those charges, you'll look back and you'll say, "Boy, I wish I ha ...
Lingerie Fighting Championships Announces Bitcoin Strategy In Advance of First UK Shows
Globenewswire· 2025-06-26 17:46
Core Insights - Lingerie Fighting Championships, Inc. (LFC) plans to add $230,000 worth of Bitcoin to its treasury within the next 30 days and aims to increase this amount to $2,000,000 over the next six months [4] - The company is set to host its first events in the UK, with LFC43: Sindependence Day 2 on July 4 in London and LFC44: Underground Knockouts on July 6 in Cardiff [5][11] - The events are expected to feature popular fighters from the US and UK, including current champions and top contenders [5][6] Financial Strategy - The addition of Bitcoin to the treasury indicates a strategic move towards cryptocurrency, potentially enhancing the company's financial flexibility and investment opportunities [4] - The planned increase in Bitcoin holdings reflects a commitment to diversifying assets and adapting to modern financial trends [4] Event Details - LFC43 is already sold out, with options for fans to watch live via pay-per-view on multiple platforms [5] - LFC44 will include several local UK fighters, showcasing the company's effort to engage with the local audience and expand its market presence [6][7] - The previous European event, LFC24, attracted nearly 5,000 fans, indicating a growing interest in LFC's unique blend of MMA and wrestling [7] Company Overview - Lingerie Fighting Championships Inc. focuses on producing mixed martial arts events featuring female fighters, targeting both live audiences and television viewers [9] - The company aims to create a distinctive sports entertainment experience, leveraging the appeal of its unique format to attract a diverse audience [9]
Topgolf Callaway stock jumps 11% after director scoops up more than $2 million worth of shares
CNBC· 2025-06-09 16:56
Core Insights - Topgolf Callaway Brands' stock experienced a surge following a significant share purchase by corporate director Adebayo Ogunlesi, who bought approximately $2.5 million worth of shares [1] - Ogunlesi's purchase is perceived as a vote of confidence in the company, especially given his notable background in the finance sector [1][2] - The stock has faced challenges, with a decline of 9% in 2025 and over 50% in the past year, indicating a negative return since the acquisition announcement in October 2020 [3] Company Background - Adebayo Ogunlesi is the founding partner and CEO of Global Infrastructure Partners, which was acquired by BlackRock in a $12 billion deal last year [2] - Following the acquisition, Ogunlesi joined BlackRock's board and also became a member of the OpenAI board in January [2] Stock Performance - Ogunlesi's recent purchase marks his first acquisition of Topgolf Callaway stock since June 2023, during which shares have dropped about 60% [3] - The overall performance of Topgolf Callaway's stock has been negative since the announcement of its acquisition by Callaway [3]
Texas Class-Action Suit Against Lottery.com Voluntarily Dismissed by Plaintiff
Globenewswire· 2025-06-02 17:59
FORT WORTH, Texas, June 02, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery and sports entertainment, was notified that Plaintiff Dawn Nettles filed a notice on May 30, 2025 that she is “taking a Nonsuit Without Prejudice Against All Parties Effective Immediately” (the “Notice”) in Case No. 25-BC11A-0026; Dawn Nettles vs. Rook TX LP, Gary N. Grief, Lottery.com Inc. (The “Suit”). The suit was originally filed in ...
TKO (TKO) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:00
TKO Group Holdings (TKO) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon. Thank you for attending today's TKO Q1 twenty twenty five Earnings Call. My name is Cole, and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. I'd now like to hand it over to Seth Zaslow, Head of Investor Relations. Please go ahead. Speaker1 Good afternoon, and welcome to TKO's first quarter twent ...
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]
MADISON SQUARE GARDEN SPORTS CORP. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
Prnewswire· 2025-05-02 11:30
Core Viewpoint - Madison Square Garden Sports Corp. reported a decrease in revenues and operating income for the fiscal third quarter ended March 31, 2025, primarily due to lower local media rights fees and fewer games played compared to the previous year [4][7][15]. Financial Performance - For the fiscal 2025 third quarter, the company generated revenues of $424.2 million, a decrease of $5.8 million, or 1%, compared to the prior year period [4][7]. - Operating income was reported at $32.3 million, a decrease of $47.4 million, or 59%, while adjusted operating income was $36.9 million, down $51.8 million, or 58% [4][15]. - The nine-month period ended March 31, 2025, saw revenues increase to $835.3 million, up $35.4 million, or 4%, compared to the same period in the previous year [5]. Revenue Breakdown - Local media rights fees decreased by $18.6 million due to proposed amendments to the Knicks' and Rangers' local media rights agreements [8]. - Food, beverage, and merchandise sales fell by $2.5 million, attributed to lower average per-game revenue and fewer games played [9]. - Sponsorship and signage revenues increased by $8.9 million, driven by higher net sales of existing inventory [10]. - Suite revenues rose by $3.4 million, and revenues from league distributions increased by $2.4 million due to higher national media rights fees [11]. Expense Analysis - Direct operating expenses increased by $43.3 million, or 16%, primarily due to higher league revenue sharing expenses and team personnel compensation [13]. - Selling, general, and administrative expenses decreased by $1.7 million, or 2%, mainly due to lower employee compensation [14]. Other Developments - The company launched its 2025-26 Knicks and Rangers season ticket renewal initiative, which has seen strong demand [3]. - A Transaction Support Agreement was entered into to support proposed transactions aimed at reducing MSG Networks' debt, which includes amendments to local media rights agreements [16].
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 ...