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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
Veloce, Nook, and Ant Media Transactions Expected to Close in Q1FORT WORTH, Texas, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Sports Entertainment Gaming Global Corporation (NASDAQ: SEGG, LTRYW) (the “Company” or “SEGG Media”), the global sports, entertainment, and gaming group, today provided an update on its previously announced 90-day execution plan, reaffirming its near-term focus on completing announced acquisitions, strengthening core operations, and allocating capital with discipline and accountability. As pa ...
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]
SEGG Media Celebrates Landmark Success as Official Live Streaming Partner of Super League Kerala
Globenewswire· 2025-12-23 19:01
Core Insights - SEGG Media Corporation has successfully partnered with Super League Kerala, achieving over 150 million views during the second season of the league, validating its streaming capabilities and product vision [1][4][5] Group 1: Partnership Success - The partnership with Super League Kerala has been described as a pivotal milestone for SEGG Media, showcasing the demand for high-quality digital sports content [4] - The live-streaming of 33 matches over a 77-day period exceeded viewership expectations, laying the groundwork for future expansions [1][4] Group 2: Future Plans - SEGG Media is preparing for a significant scale-up phase in 2026, focusing on commercializing live sports streaming, sponsorship, advertising models, and audience monetization [3] - The company plans to expand its presence in India and the MENA region, covering three additional sports genres to enhance its digital sports entertainment offerings [3] Group 3: Technology and Platform Development - The successful launch of Sports.com, which includes next-generation streaming capabilities, was highlighted during the live-streaming of the SLK Season 2 opener [2] - The platform aims to provide a modern streaming ecosystem for sports organizations and a high-quality viewing experience for fans [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 Closes $2.5 Million Funding Agreement
Globenewswire· 2025-12-11 15:30
Core Insights - SEGG Media Corporation has closed a $2.5 million Securities Purchase Agreement to fund key initiatives aimed at completing acquisitions and strengthening operations [1][5] - The company is committed to a disciplined approach focusing on realistic planning, transparent communication, and dependable delivery to maximize asset value and stabilize operations [2][5] - The company has outlined a $5 million 90-day plan that emphasizes sustainable revenue growth, operational efficiency, and financial stewardship [3][5] Key Initiatives - Finalize the acquisition of a controlling interest in Veloce Media Group, valued at $53 million pre-money, which is expected to add nearly $20 million in annual revenue starting Q1 2026 [9] - Fund commitments related to the DotCom Ventures acquisition to secure intellectual property for Concerts.com and TicketStub.com, aiming to launch a fan-focused ticket buying platform [9] - Invest in international gaming operations, starting with Mexico, to accelerate growth and reinforce existing infrastructure [9] - Continue investment in the development of the Sports.com All-Sports Arena in Boca Raton, projected to deliver over $6 million in EBITDA in its first year [9] - Address general operational needs by improving internal processes and tightening financial controls [9]
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]