Welcome to our dedicated page for Lottery Com news (Ticker: LTRY), a resource for investors and traders seeking the latest updates and insights on Lottery Com stock.
Lottery.com (LTRY) delivers a technology-driven approach to lottery participation and digital sports engagement. This page serves as the definitive source for official company announcements, financial updates, and strategic developments. Investors and industry observers will find timely information on platform innovations, regulatory milestones, and market expansion efforts.
Our curated news collection provides insights into earnings reports, partnership announcements, and product enhancements across Lottery.com's digital ecosystem. The content spans both consumer-facing lottery services and B2B API solutions, reflecting the company's dual focus on user experience and commercial integrations. Regular updates ensure stakeholders stay informed about compliance achievements and international growth initiatives.
Bookmark this page for streamlined access to verified updates about Lottery.com's mobile platform advancements, Sports.com integrations, and technology infrastructure improvements. Check back frequently to monitor how the company continues to redefine digital lottery access while maintaining rigorous security standards across global markets.
Lottery.com has resumed ticket sales in Texas and partnered with International Gaming Alliance (IGA) to distribute Texas lottery tickets in the Dominican Republic. In its first week back in operation, Lottery.com supplied over 7 million tickets. The IGA agreement will enable official ticket sales through over 1,000 retail points in the Dominican Republic, with expected ticket supply starting in May 2023. CEO Mark Gustavson emphasized the company's recovery from a nine-month shutdown, tripled production capacity, and efforts to comply with Nasdaq Listing Rules. The company is enhancing its internal controls and looks forward to future growth opportunities.
Lottery.com (NASDAQ:LTRY)(NASDAQ:LTRYW) has appointed Nick Kounoupias as an independent director to enhance corporate governance amidst restructuring efforts to comply with Nasdaq listing rules. Kounoupias, an attorney with nearly 40 years of experience in digital and media sectors, aims to bolster the company's disclosure and reporting controls. This appointment follows a Nasdaq notice regarding the company's non-compliance linked to the failure to file its Annual Report for 2022, potentially leading to delisting. Lottery.com has appealed this determination while striving to regain compliance and focus on revenue generation. The company is also exploring growth opportunities via acquisitions in the entertainment and sports sectors.
Lottery.com (NASDAQ:LTRY)(NASDAQ:LTRYW) has appointed Mark Gustavson as its new Chief Executive Officer, effective February 1, 2023, replacing Sohail S. Quraeshi. Gustavson brings 17 years of extensive business experience, having held senior positions in various tech firms. He was previously CEO at ZENIOS Technologies and has been involved in successful expansions, including acquiring Sansar. The Board of Directors is yet to determine his compensation. Chairman Matthew McGahan expressed confidence in Gustavson's ability to drive Lottery.com’s turnaround strategy and enhance its operational capacity and revenue streams.
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