Lottery Com Stock Price, News & Analysis

Lottery.com (NASDAQ: LTRY) held its annual shareholder meeting at Mar-a-Lago Club in Palm Beach, Florida, where all four proposals received strong approval from shareholders. The Board of Directors made a significant decision to not proceed with a reverse stock split after reviewing market conditions following the regular trading session.

Shareholders approved key proposals including the election of Paul Jordan as Class II Board director and the ratification of Boladale Lawal & Co as the company's independent registered public accounting firm for fiscal year 2024. Chairman and CEO Matthew McGahan expressed satisfaction with the shareholders' support of the company's vision for Lottery.com and Sports.com. The company will file a Form 8-K with complete results within four business days.

Lottery.com (NASDAQ: LTRY) held its annual shareholders meeting at Mar-a-Lago Club in Palm Beach, Florida, followed by an exclusive VIP investor luncheon. The company reported receiving strong shareholder support in voting, with official results expected after market close. The event featured key executives including Matthew McGahn (Chairman and CEO), Gregory Potts (COO), and Marc Bircham (Director of Sports.com and Head of Football Acquisitions).

The VIP luncheon provided selected investors direct engagement with company leadership to discuss investment opportunities in both Lottery.com and its affiliated platform, Sports.com. The event focused on presenting the company's vision, strategic direction, upcoming initiatives, and expansion plans for both brands.

Sports.com, owned by Lottery.com (NASDAQ: LTRY), has announced a multi-year partnership as the official title sponsor of Soccerex for the next 24 months. The partnership includes support for six major Soccerex events worldwide, with key events in Cairo, Amsterdam, and Miami in 2025.

The first event kicks off February 23 in Cairo, featuring Marc Bircham, Director and Head of Football Acquisition at Sports.com, and Tamer Hassan, Director at Lottery.com. They will host a Q&A session at the Soccerex Sports Expo, sharing insights on the global soccer industry.

Following Cairo, events will be held at Amsterdam's Johan Cruyff Arena in May 2025 and Miami's Hard Rock Hotel Resort in Fort Lauderdale in November 2025. Sports.com will host private events featuring Premier League coaches and international sports figures, with a focus on motorsports.

Lottery.com (NASDAQ: LTRY) has established a global advisory board to provide strategic guidance and support the company's growth initiatives. The Advisory Board will focus on the company's primary brands, Lottery.com and Sports.com, offering expertise in gaming, technology, operations, media, compliance, and private equity.

The board includes Chairman Cary S. Fitchey from British Pacific Partners, who has raised over $2 billion in investments, along with members Ashleigh Barry, Damien Lipman, and Sam Verma, bringing diverse expertise in strategic communications, payment solutions, and gaming technology.

This development follows the SEC's Notice of Effectiveness for the company's S-1 last quarter. The Advisory Board will help expand the Lottery.com brand in markets supporting lottery and sweepstakes games, targeting the global lottery market valued at approximately $335 billion in 2023.

Lottery.com (NASDAQ: LTRY) has entered into a Memorandum of Understanding with PlusEVO to acquire an advanced lottery management system and gaming platform for $1.5 million in stock, payable over 30 months at a share value of $3. The acquisition strengthens the company's international expansion efforts and aligns with its plan to launch international operations by March 31, 2025.

The newly acquired platform features microservices architecture, ensuring high availability and scalability. It includes enhanced security protocols, dedicated database operations, and event-driven workflows powered by Kafka logic. By owning its proprietary technology stack, Lottery.com aims to maximize operational efficiencies, enhance margins, and accelerate expansion into Europe, Africa, and other emerging markets without relying on third-party licensing agreements.

Sports.com, a brand of Lottery.com (NASDAQ: LTRY), has entered into a multi-year global partnership with Soccerex, the world's leading football business event organizer. The agreement makes Sports.com the title sponsor for six global events, including Soccerex 2025 in Cairo, Amsterdam, and Miami.

The partnership aims to provide Sports.com with a platform to engage with key stakeholders in the football industry while building brand awareness for its gaming, content, and entertainment brands. Sports.com is also exploring the potential acquisition of a UK football club, with Marc Bircham, Sports.com Director and Head of Football Acquisitions, leading the initiative.

Soccerex has a nearly three-decade history of connecting clubs, leagues, federations, investors, sponsors, and media, having partnered with major organizations like LALIGA, Serie A, and Major League Soccer.

Lottery.com (NASDAQ: LTRY) has announced the launch of its international lottery operations, targeting revenue generation by the end of March. The company has invested in a customized technology platform designed to provide an intuitive and secure experience for international users.

The expansion focuses on markets in Europe and Africa, along with other emerging global markets. Lottery.com has secured agreements with marketing and affiliate partners in the gaming space to accelerate customer acquisition and plans to collaborate with local players to generate revenue opportunities.

The company has developed its platform to accommodate local preferences and regulatory requirements across different markets. According to Chairman Matthew McGahan, this launch marks a new chapter for Lottery.com after a two-year turnaround period. Future plans include the domestic relaunch of the Lottery.com brand and the introduction of Sports.com to new markets, including the US.

Lottery.com received a notice from Nasdaq on November 20, 2024, regarding non-compliance with Nasdaq Listing Rule 5250(c)(1) due to failing to file its Form 10-Q for the period ended September 30, 2024, on time. The company has 60 days to submit a compliance plan to Nasdaq, which may grant an extension until May 19, 2025, to regain compliance. Lottery.com intends to file the Form 10-Q as soon as possible, though no specific timing is assured.

Lottery.com Inc. (NASDAQ: LTRY; LTRYW) announced that the SEC has declared its Form S-1 Registration Statement effective on October 16, 2024. Chairman and CEO Matthew McGahan addressed shareholders in an open letter, highlighting the company's turnaround efforts since October 2022. The letter outlines:

1. Overcoming challenges including regulatory investigations, Nasdaq delisting issues, and critical working capital shortages.
2. Implementing a new management team and board with turnaround experience.
3. Addressing attacks on the company and its leadership, including reporting suspected stock tampering to authorities.
4. Future plans for Lottery.com expansion in the U.S. and globally, introducing a new model combining sports, lottery, and sweepstakes.
5. Sports.com evolution, including the acquisition of S&MI and plans for U.S. and international expansion.
6. Financial outlook, including new funding partners and a 'buy and build' strategy using common stock for acquisitions.