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SEGG Media Takes Majority Stake in $10 Million Acquisition of Concerts.com and TicketStub.com
Globenewswire· 2025-07-23 13:43
Core Insights - SEGG Media Corporation has completed the acquisition of a majority stake in DotCom Ventures Inc, valuing the transaction at $10 million, marking a significant step in expanding its digital portfolio in the live entertainment and ticketing sectors [1][2][8] - The acquisition includes the brands Concerts.com and TicketStub.com, which will enhance SEGG Media's offerings in ticket sales, streaming, and fan engagement [2][3] - The global secondary ticket market is projected to grow from approximately $13.5 billion in 2023 to over $19 billion by 2027, indicating a compound annual growth rate (CAGR) of 9% [2] Company Strategy - The acquisition is seen as a cornerstone for creating a unified platform that integrates content, commerce, and live events, with expectations of unlocking significant value across various sectors [2][3] - SEGG Media aims to build a next-generation fan experience by combining its existing platforms with the newly acquired brands, focusing on premium events and smart ticketing solutions [3][8] - The company is actively recruiting industry leaders to scale the operations of Concerts.com and TicketStub.com over the next 3 to 6 months [8] Market Position - SEGG Media now controls three major digital assets: Sports.com, Concerts.com, and Lottery.com, which are expected to have a combined brand value exceeding $100 million [3] - The acquisition positions SEGG Media as a competitive player in the high-growth sectors of sports, entertainment, and gaming, with a strategic focus on revenue generation across digital and live formats [3][4] - The board and shareholders of DVI approved the acquisition primarily for stock in SEGG Media, reflecting confidence in the company's growth potential and market valuation [4]
Lottery.com Inc. Enters New Era as Turnaround Completes and Strategic Acquisitions Accelerate
Globenewswire· 2025-05-28 13:15
Core Insights - Lottery.com Inc. has received effective registration for its Form S-1, enabling access to a $100 million financing facility to support its growth strategy [1][2] - The company has undergone a significant turnaround, with new leadership restructuring the board and executive team, addressing compliance issues, and establishing innovative business models [2][3] - The CEO stated that the company is now operationally ready and strategically funded to pursue aggressive growth, focusing on revenue generation and asset acquisition [3] Financial Strategy - The financing facility will be used to accelerate revenue growth and acquire assets in gaming, content, media, and live events, with several negotiations already in late stages [4] - The company aims to enhance its balance sheet and income statement through cash-generative acquisitions, marking a disciplined growth phase [4] Five-Year Vision - Lottery.com plans to expand internationally, launch new sweepstakes products, deepen its affiliate program, and build a content and IP ecosystem under Sports.com Studios [4] - The funding from the financing facility and continued support from United Capital Investments Ltd. will underpin these initiatives [4] Market Performance - Following the announcement, Lottery.com's stock surged from $0.70 to a high of $2.64, with over 275 million shares traded [2]
Lottery.com Appoints Marc Bircham to Executive Director
Globenewswire· 2025-05-13 18:42
Core Viewpoint - Lottery.com Inc. has appointed Marc Bircham as an Executive Director to its Board of Directors, reflecting the company's commitment to expanding its presence in the global sports, gaming, and entertainment sectors [1][4]. Company Overview - Lottery.com is a leading technology company specializing in digital lottery, sports, and entertainment, with a unified ecosystem that includes brands like Sports.com, Concerts.com, and TicketStub.com [6]. Appointment Details - Marc Bircham has been serving as Director of Sports.com since March 2024 and has significantly contributed to the company's expansion into global sports media and football club acquisitions [2]. - Bircham holds a UEFA Pro License and has extensive experience in coaching and management across various countries, including England, Ireland, Italy, the USA, Canada, and the Caribbean [2]. Bircham's Background - Bircham is recognized as a legend at Queens Park Rangers (QPR) with over 300 professional appearances and 21 international caps for Canada, transitioning from a successful playing career to a respected football executive and coach [3]. - Throughout his coaching career, Bircham has led several top-tier programs and has been instrumental in signing notable players, demonstrating his ability to transform clubs and nurture talent [4]. Strategic Importance - The appointment of Bircham is seen as a strategic milestone for Lottery.com, aligning with the company's vision of integrating lottery, sports, and entertainment into a global digital ecosystem [5]. - Bircham expressed enthusiasm for contributing to the company's growth and shaping its future, highlighting the importance of uniting these sectors [5].
Lottery.com and Sports.com at Indianapolis Motor Speedway
Globenewswire· 2025-05-08 16:48
Company Overview - Lottery.com Inc. (Nasdaq: LTRY, LTRYW) is actively involved in the INDY NXT by Firestone championship, showcasing its branding through sponsorship of driver Sebastian Murray [1][4][6]. - The company has recently expanded its portfolio with acquisitions of Concerts.com and TicketStub.com, enhancing its ecosystem that integrates gaming, entertainment, and sports [3][4]. Driver and Event Details - Scottish driver Sebastian Murray is making his debut at the Indianapolis Grand Prix, driving the No. 2 Dream Racing Dubai Dallara for Andretti Cape [1][3]. - The Indianapolis Grand Prix weekend will feature Rounds 3 and 4 of the 2025 INDY NXT season, with a total of 14 rounds scheduled [2][9]. - Murray's car will prominently display Lottery.com and Sports.com branding, continuing a bold marketing campaign [1][2]. Performance and Expectations - Murray expressed excitement about racing at the iconic Indianapolis Motor Speedway, aiming for strong performances based on his previous experience at Barber Motorsports Park [3][9]. - Sports.com Director Marc Bircham highlighted Murray's exceptional control and pace, indicating that Indianapolis will serve as a critical proving ground for his development this season [3][9]. - Matthew McGahan, CEO of Lottery.com, emphasized the significance of this event following a successful weekend at the Miami Grand Prix, showcasing the company's support for Murray [3].
Lottery.com Expands Its Global Footprint in Live Entertainment with $10M Acquisition of Concerts.com and TicketStub.com
Globenewswire· 2025-05-07 18:53
Core Insights - Lottery.com Inc. has signed a Letter of Intent to acquire a majority stake in DotCom Ventures Inc. for a transaction valued at $10 million, which includes premium domain assets Concerts.com and TicketStub.com [1][4][8] - This acquisition will form the third foundational pillar of Lottery.com's platform, alongside Sports.com and Lottery.com, creating a unified ecosystem for content, commerce, and live experiences [2][10] - The investment is structured as a blend of cash, secured debt, and equity issued at up to $3.00 per share, reflecting the company's long-term vision and commitment to scaling globally [4][5][10] Acquisition Key Highlights - The acquisition includes Concerts.com and TicketStub.com, which are operational platforms designed for scalability and revenue generation from day one [2][8] - Concerts.com will serve as the primary ticketing engine for Sports.com, enhancing the unified commerce and content strategy across various live entertainment sectors [4][7] - TicketStub.com will focus on alternative entertainment verticals, including festivals, comedy, esports, and niche lifestyle events, allowing for a dual-brand strategy [8][9] Strategic Vision - The partnership aims to provide fans with reliable access to live events, creating a new standard for fan engagement and experience [5][6] - The combined assets of Lottery.com, Sports.com, and Concerts.com are positioned to anchor the next decade of innovation in the digital entertainment space [10][11] - The company believes it holds one of the strongest domain portfolios globally, enhancing its competitive edge in the market [9][10] Future Developments - Concerts.com is being developed as a fully integrated live events engine, directly connecting with Sports.com's live streaming infrastructure [7][15] - The investment will support a revenue-ready infrastructure that allows for rapid monetization and original content creation through Sports.com Studios [8][15] - The strategic focus includes delivering bundled experiences that combine tickets, content, and streaming, enhancing consumer engagement across various entertainment sectors [15]