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SEGG Media Appoints Quadrant CEO Jamie MacLaurin as Senior Vice President Following Supermajority Acquisition of Veloce Media Group
Globenewswire· 2026-02-24 19:27
Core Insights - SEGG Media has appointed Jamie MacLaurin as Senior Vice President of its sports business, who will also continue his roles at Veloce and Quadrant, focusing on identifying commercial opportunities for SEGG Media's sports division [1][5] - SEGG Media has secured approximately 68% of Veloce's equity and is extending an offer to acquire remaining minority interests, which is expected to enhance operational efficiency and support growth initiatives [2] - Veloce is projected to contribute $20 million in annual revenue starting Q1 2026, significantly boosting SEGG's consolidated revenue [2] Group 1: Leadership and Strategic Appointments - Jamie MacLaurin, co-founder of Veloce Media Group and Quadrant, has been appointed as Senior Vice President of SEGG's sports business, indicating a strategic move to leverage his experience in motorsport and partnerships [1][5] - Under MacLaurin's leadership, Quadrant has expanded its audience to nearly 7 million followers, contributing to a digital ecosystem that generates over 500 million monthly views [4] Group 2: Financial Performance and Projections - Veloce Media Group reported a 153% year-over-year revenue increase from 2023 to 2024, showcasing significant growth in its business model [3] - The acquisition of a supermajority interest in Veloce is expected to materially strengthen SEGG's revenue base and position the company for high-growth opportunities in the international media landscape [5] Group 3: Business Model and Partnerships - Quadrant has successfully diversified its business model from gaming to content and lifestyle branding, securing partnerships with major companies like Electronic Arts, VISA, LEGO, and E.ON [3] - SEGG Media operates a portfolio of digital and experiential assets, aiming to connect global audiences with sports and entertainment through an integrated platform [6]
SEGG Media Nominates Daniel Bailey to Board of Directors Following Majority Acquisition of Veloce Media Group
Globenewswire· 2026-02-18 13:44
Core Insights - SEGG Media has appointed Daniel Bailey, Co-Founder and CEO of Veloce Media Group, to its Board of Directors as part of its acquisition strategy to enhance revenue growth in the sports and digital media sector [1][2] Acquisition Details - SEGG Media acquired a majority interest in Veloce Media Group at an enterprise value of approximately $61 million (£45 million), structured as a combination of cash and SEGG Media stock at $10 per share [6] - Veloce reported approximately $17.5 million (£12.8 million) in revenue for its most recent fiscal year and generates over 500 million monthly digital views across its ecosystem [6] Strategic Focus - Bailey's leadership at Veloce has established a diversified commercial ecosystem, including partnerships with major brands like McLaren, Visa, Microsoft, Hilton, and LEGO [3] - The acquisition is expected to enhance SEGG Media's ability to consolidate operating results, expand internationally, and accelerate top-line growth [7] Board Contributions - As a board member, Bailey will provide expertise in digital audience monetization, brand partnerships, international expansion, and scalable media execution, which are critical to SEGG's growth strategy for 2026 [4] - The appointment reflects SEGG Media's commitment to aligning operational leadership with governance, ensuring strategic continuity and enhancing integration and growth capabilities [5] Market Positioning - SEGG Media operates a portfolio of digital assets focused on immersive fan engagement, ethical gaming, and AI-driven live experiences, aiming to redefine audience interaction with content [8]
SEGG Media Closes $61M Veloce Acquisition, Adds $20M+ in Annual Revenue and Strengthens Revenue Base
Globenewswire· 2026-02-17 18:58
Core Viewpoint - The successful acquisition of Veloce Media Group by Sports Entertainment Gaming Global Corporation marks a pivotal moment in the company's strategic transformation into a global sports, entertainment, and gaming entity, expected to enhance revenue and shareholder value significantly [3][6]. Acquisition Details - The acquisition values Veloce at approximately $61 million (£45 million) and is completed through a mix of cash and SEGG Media equity, projected to contribute over $20 million in additional annual revenue starting in Q1 [2][4]. - The deal structure, involving cash and SEGG Media shares priced at $10 per share, reflects a shared belief among stakeholders that SEGG Media's current share price is undervalued [4]. Financial Implications - The acquisition is expected to substantially improve SEGG Media's revenue-to-market-cap ratio, aligning it more closely with larger digital media and sports entertainment platforms that trade at higher revenue multiples [6]. - The pro forma revenue profile of SEGG Media will grow significantly due to the incremental revenue from Veloce, which is anticipated to enhance the company's overall valuation [5]. Strategic Goals - Management's immediate focus post-acquisition is on effective integration, maintaining operational discipline, and leveraging the increased revenue scale for strong financial performance [10]. - The acquisition is seen as a paradigm shift for SEGG Media, strengthening its top-line revenue and expanding its global footprint [7]. Market Positioning - The combined platform of SEGG Media and Veloce positions the company for immediate revenue scale and diversification, enhancing its ability to monetize across various digital assets [9][14]. - The acquisition is expected to strengthen the balance sheet by increasing assets and equity, thereby enhancing liquidity [14].
SEGG Media Files $179 Million Lawsuit Alleging Illegal Trading Scheme
Globenewswire· 2026-02-10 19:32
Core Viewpoint - The company has filed a civil lawsuit against four firms for alleged coordinated and unlawful trading activities aimed at suppressing its share price and harming shareholder value [1][2]. Group 1: Lawsuit Details - The lawsuit, titled "Sports Entertainment Gaming Global Corporation v. Virtu Financial Capital Markets LLC et al.," was filed on February 10, 2026, and addresses systematic market manipulation including naked short selling and spoofing [2]. - The company claims that the defendants' actions violated state and federal securities laws, disrupted lawful price determination, and undermined investor confidence during a critical turnaround phase [3]. Group 2: Company Statements - Marc Bircham, Chairman of the Board, emphasized the company's commitment to protecting shareholders and stated that the lawsuit is a decisive action against illegal trading behavior [4]. - Robert Stubblefield, CFO and Interim CEO, highlighted the company's focus on revenue generation and transparency while addressing misconduct that has distorted the share price [4]. Group 3: Future Actions - The company plans to pursue all appropriate legal and regulatory avenues and will cooperate with relevant authorities to restore market integrity [5]. - The legal action is described as complementary to the company's ongoing efforts to strengthen operations and build long-term value across its digital asset portfolio [4].
SEGG Media Expands Executive Team With Appointment of Simon Lewis to Lead Concerts.com and Company’s Entertainment Portfolio Strategy
Globenewswire· 2026-02-05 13:37
Core Insights - Simon Lewis has been appointed as Executive Vice President of Entertainment for SEGG Media and CEO of DotCom Ventures, focusing on the commercial execution of Concerts.com and TicketStub.com [1][2] Company Overview - SEGG Media is a global sports, entertainment, and gaming group operating digital assets including Sports.com, Concerts.com, TicketStub.com, and Lottery.com, emphasizing immersive fan engagement and AI-driven live experiences [6] Leadership and Strategy - Lewis, previously President of Live Nation Europe, brings extensive experience in scaling live entertainment businesses and will oversee SEGG Media's live entertainment strategy and partnerships [3][4] - The Board of Directors aims to accelerate commercialization and disciplined platform launches under Lewis's leadership [2][4] Future Focus - Lewis expressed a commitment to implementing a valuable commercial future for the concert and ticketing sectors, emphasizing market position and diversified opportunities for fans and artists [5]
SEGG Media Expands Executive Team With Appointment of Simon Lewis to Lead Concerts.com and Company's Entertainment Portfolio Strategy
Globenewswire· 2026-02-05 13:37
Core Viewpoint - SEGG Media has appointed Simon Lewis as Executive Vice President of Entertainment and CEO of DotCom Ventures Inc., aiming to advance the commercialization of Concerts.com and TicketStub.com from development to execution [1][2]. Group 1: Leadership and Strategy - Simon Lewis, previously an advisor, will now oversee the operational responsibilities across SEGG Media's entertainment portfolio, focusing on the strategic development and execution of Concerts.com and TicketStub.com [2][4]. - Lewis is recognized for his experience in the live entertainment industry, notably as President of Live Nation Europe, where he contributed to scaling international concert and sponsorship businesses [3][4]. - The Board of Directors emphasizes that Lewis's leadership and operational discipline will be crucial as the company transitions its entertainment assets into execution [4]. Group 2: Business Focus and Future Plans - As EVP of Entertainment, Lewis will manage SEGG Media's live entertainment strategy, partnerships, and platform growth, aiming to create fan-focused destinations for concert discovery and ticketing [4][5]. - Lewis expressed a commitment to implementing a commercially viable future for the concert and ticketing sectors, highlighting the potential for growth beyond traditional models [5]. - SEGG Media is focused on immersive fan engagement and ethical gaming, with a portfolio that includes digital assets like Sports.com, Concerts.com, TicketStub.com, and Lottery.com [6].
SEGG Media Updates 90-Day Plan, Targets February and March Acquisition Closings
Globenewswire· 2026-01-30 19:46
Core Viewpoint - Sports Entertainment Gaming Global Corporation (SEGG Media) is focused on completing key acquisitions and strengthening its operations as part of a 90-day execution plan, with significant transactions expected to close in Q1 2026 [1][2][3]. Acquisition Plans - SEGG Media plans to acquire a controlling interest in Veloce Esports Limited in February 2026, subject to customary closing conditions [2]. - The acquisition of Nook Holdings, Limited is expected to be completed in March 2026, further enhancing the company's portfolio of cash-generative assets [2][11]. - The acquisition of controlling interest in Ant Media & Productions is also included in the 90-day plan, with closure projected before the end of March 2026 [2][11]. Strategic Focus - The transactions are central to the company's strategy of converting initiatives into revenue-generating operations, reflecting management's commitment to operational accountability [3][4]. - The company has narrowed its focus to a defined set of transactions and operational objectives, emphasizing clear timelines and accountability [4][6]. Financial Oversight - The company aims to complete announced transactions, integrate them responsibly, and maintain financial discipline to restore credibility and build sustainable shareholder value [6][7]. - SEGG Media has exited two potentially dilutive funding arrangements in favor of more favorable commercial terms, indicating a strategic shift towards cash-generative opportunities [7]. Operational Improvements - The company is implementing general operational improvements, including a new accounting system and enhanced financial controls, to align with public company standards [11]. - SEGG Media is also targeting international operations, starting with Mexico, to support existing infrastructure and measured expansion [11]. Future Updates - Additional updates will be provided as material milestones within the 90-day plan are achieved, indicating ongoing communication with stakeholders [8].
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].
Lottery.com Inc. Changes Corporate Name to Sports Entertainment Gaming Global Corporation
Globenewswire· 2026-01-27 17:19
Core Viewpoint - The company, formerly known as Lottery.com Inc., is rebranding to Sports Entertainment Gaming Global Corporation to reflect its strategic shift from a lottery-focused business to a diversified enterprise in sports, entertainment, and gaming sectors [1][2]. Group 1: Name Change and Strategic Shift - The name change has been approved by the Company's Board of Directors and will take effect upon acceptance by the Delaware Secretary of State [1][2]. - This transformation aims to advance a diversified portfolio of assets across various verticals, including sports and entertainment [2]. Group 2: Business Operations and Leadership - The company is focusing on increasing revenue and enhancing the value of its domain name assets, which include Sports.com, Concerts.com, TicketStub.com, and Lottery.com [3]. - The current leadership team has undergone significant changes since mid-2022, ensuring compliance with SEC regulations and distancing itself from past executive conduct [5]. Group 3: SEC Complaint and Company Response - A civil complaint has been filed by the SEC against former executives related to conduct from 2020 to mid-2022, but the current management was not involved in these actions [4][5]. - The company has cooperated fully with the SEC's investigation and is engaged in discussions regarding a potential settlement, believing the claims lack merit [5]. Group 4: Shareholder Engagement - The company has seen a significant increase in shareholder engagement, gaining over 3,600 new shareholders in the last 30 days, representing a 68% increase [6]. Group 5: Company Overview - SEGG Media is positioned as a global sports, entertainment, and gaming group that integrates traditional assets with blockchain innovation, focusing on immersive fan engagement and ethical gaming [7].
Lottery.com Inc. Announces Closing of Registered Direct Public Offering
Globenewswire· 2026-01-20 21:32
Core Viewpoint - SEGG Media Corporation has completed a registered direct offering of 2,449,857 shares of common stock, raising approximately $1,700,000 before fees and expenses, with the offering closing on January 20, 2026 [1] Group 1: Offering Details - The offering price was based on the average closing price for the five trading days prior to January 16, 2026 [1] - The net proceeds from the offering will primarily be used for general working capital and to advance previously announced acquisitions of profitable businesses [2] - Dawson James Securities, Inc. acted as the sole placement agent for the offering [2] Group 2: Financing Arrangements - The company has withdrawn from two previously disclosed financing arrangements, which is not expected to materially impact its liquidity or operations [6] - SEGG Media has agreed in principle to terminate a note and securities purchase agreement with Evergreen Capital Markets LLC, which included a $500,000 advance received in December [7] - The company has also terminated a $150 million loan agreement with United Capital Investments London Limited, which was amended in August 2023, with no significant equity issuances expected as a result [8] Group 3: Strategic Focus - The company remains focused on acquiring cash-generative businesses, including Veloce Media Group and Nook Holdings Ltd., while also developing revenue from existing assets like Sports.com and Lottery.com [9] - SEGG Media does not anticipate undertaking large financing transactions that would dilute existing shareholders or pursue acquisitions requiring significant ongoing cash [9] Group 4: Company Overview - SEGG Media Corporation is a global sports, entertainment, and gaming group that integrates traditional assets with blockchain innovation [10] - The company aims to build immersive fan engagement and ethical gaming through its portfolio of digital assets [10]