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Lottery.com Enters Final Phase of Turnaround with $250M Growth Strategy, Strategic Acquisitions, and Shareholder Engagement
Globenewswireยท 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]