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.
The LTRY news page on Stock Titan aggregates recent announcements and media coverage related to Lottery.com Inc. (Nasdaq: LTRY, LTRYW). Lottery.com describes itself as a technology company transforming the intersection of gaming, sports and entertainment, and its news flow reflects this focus across digital lottery, sports media, motorsport sponsorships and financing activities.
Recent Lottery.com news highlights the company’s growing presence in motorsport through sponsorship of drivers in the NTT INDYCAR SERIES and INDY NXT by Firestone. Releases detail race results and performance updates for drivers such as Callum Ilott, Louis Foster and Sebastian Murray, whose cars carry Lottery.com and Sports.com branding. These stories emphasize brand visibility at high-profile events and the company’s investment in emerging racing talent.
News items also cover corporate and strategic developments, including the planned launch of the Sports.com Super App, which Lottery.com describes as a first-of-its-kind digital destination combining live streaming, community chat, stats-based social media, e-commerce, real-money and fantasy sports gaming, and sports news. Additional coverage addresses leadership appointments at Sports.com Media and Lottery.com International, as well as the creation of Sports.com Studios to produce sports-focused films, docuseries and premium digital content.
Investors and followers of LTRY stock will also find updates on financing and market-related matters, such as the expansion of a committed financing facility with Generating Alpha Ltd., the company’s announcement of regaining compliance with Nasdaq’s minimum bid price requirement, and statements regarding an alleged "short and distort" campaign and related legal steps.
By reviewing this news feed, readers can monitor Lottery.com’s latest disclosures on sponsorships, media initiatives, financing arrangements and market developments as the company pursues its stated strategy at the intersection of gaming, sports and entertainment.
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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.
Lottery.com (NASDAQ: LTRY, LTRYW) announced a strategic partnership with the Saudi Motorsport Company (SMC) coinciding with the FIA World Touring Car Cup in Jeddah. This partnership involves branding and advertising around the event, laying the groundwork for a future joint venture. Sports.com, Lottery.com’s subsidiary, is set to revolutionize sports entertainment, offering live and on-demand content globally. SMC aims to promote motorsport events in Saudi Arabia and expand its international appeal. Both companies anticipate future collaborations to enhance sports viewing experiences.
Lottery.com, based in Austin, Texas, announced a delay in filing its Quarterly Reports on Form 10-Q for the quarters ended June 30 and September 30, 2022, due to ongoing reviews of its internal accounting controls. The company received a notice from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the filing delinquencies. The deadline for submitting a plan to regain compliance has been shortened to December 1, 2022. The company intends to file the reports promptly to comply with Nasdaq regulations.
Lottery.com has announced an exclusive multi-year partnership with Data Sports Group for its subsidiary, Sports.com. This collaboration will provide world-class sports content to digital publishers, covering major leagues including the NFL, NBA, MLB, NHL, and more. The content will feature live scoring, standings, and schedules, available via an API or as integrated content. The partnership aims to enhance the offerings of both brands and leverage Lottery.com's experience in data provision. This platform is set to cater to existing and new clients globally.