Nasdaq:LTRY
Lottery.com Announces Changes to Executive Management Team and Board of Directors
New Funding Agreement Reached with United Capital Investments London, Ltd.
AUSTIN, Texas, July 21, 2023 (GLOBE NEWSWIRE) — Lottery.com, Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or the “Company”) announces that United Capital Investments London, Ltd. (“UCIL”) has agreed to enter into a funding agreement with the Company. The terms and conditions of the funding agreement with UCIL will be announced after the definitive agreement is finalized. The Company also announces changes to its Board of Directors and executive management aimed at further enhancing corporate governance and strategic leadership, by drawing from deep talent within the world of finance, entertainment and sport. These changes reflect the Company’s commitment to sustained growth and innovation in the gaming, sport, and entertainment industries.
New Interim CEO
On July 20, 2023, the Board of Directors made the decision to terminate Mark Gustavson from his role as Chief Executive Officer of the Company. In his place, Matthew McGahan, Chairman of the Board of Directors, has been appointed as interim Chief Executive Officer.
McGahan brings a wealth of experience and expertise to the role, having been an integral part of the Company’s turnaround to date. This appointment ensures the continuation of the management of the Company under a safe, talented, and skilled pair of hands.
New CFO
On July 14, 2023, the Board of Directors appointed Robert J. Stubblefield as Chief Financial Officer of the Company, effective immediately. Mr. Stubblefield brings with him extensive financial expertise, having recently served as the chief financial officer of Demeta, Inc. and Regnum Corp. His successful tenure as a financial executive in various start-up, early-stage growth, and public companies speaks to his ability to drive the Company’s financial strategy and revenue initiatives.
“Mr. Stubblefield has been a key member of the consulting team that helped the Company regain regulatory compliance with Nasdaq. The Company was extremely fortunate to find someone with his background to step in and assume a leadership role over the last four months, during which he gained significant knowledge about the Company and its operations. His wealth of financial experience and leadership will be invaluable as we begin to execute our growth plans now with the support of our new investment partner, UCIL,” stated interim CEO, Matthew McGahan.
“I am eager to join the Lottery.com team at such an important time for the Company. I look forward to leveraging my years of experience to guide the Company in implementing sustainable financial processes and controls,” said Rob Stubblefield, Lottery.com’s new CFO. “I am grateful to be working alongside an energetic group of leaders to advance the Company’s strategic goals, rebuild our domestic and international revenue engines, and focus the Company’s efforts on delivering maximum shareholder value. It’s an exciting time to join this organization as we prepare to fully realize the revenue-generating power of our two primary assets: lottery.com and sports.com.”
Independent Non-Executive Directors
In line with its ongoing restructuring and commitment to improving compliance, corporate governance, disclosure, and reporting structures, as well as boosting its offerings to customers, Lottery.com announces two new independent non-executive directors to its Board.
Tamer Hassan, renowned actor, entrepreneur, and founder of The Tamer Hassan Academy of Acting, joins the Board as an independent non-executive director.
With an illustrious career in the film and television industry, Mr. Hassan’s entrepreneurial skills have also led him to success in entertainment, sports, leisure, and hospitality ventures. He has a passion for supporting emerging talent in both the UK and Cyprus and has a strong track record in business ventures across various industries.
Mr. Hassan shared his thoughts on the new role, saying,
“My journey as an actor and entrepreneur, working successfully over many years with some of the biggest household entertainment brands, has given me unique insights into industry, and I look forward to contributing my expertise to the growth and success of Lottery.com.”
The second new non-executive addition to the Board is Paul Jordan, a commercial motorsport specialist with extensive international experience in sponsorship, acquisitions, and communication. With an impressive career spanning over four decades, Mr. Jordan has held senior positions with top Formula One teams and renowned motorsport brands. His ability to foster positive relationships with governing bodies, promoters, and government officials has earned him respect and admiration from peers and former colleagues.
“We are delighted to welcome both Paul and Tamer to our Board. Their vast experience and achievements in the sports and entertainment industries will undoubtedly be an asset to our strategic decision-making process,” commented Chairman Matthew McGahan.
These Board changes come as part of Lottery.com’s dedication to maintaining a strong leadership team and ensuring the Company’s continued growth and success in the global gaming market.
Mr. McGahan added:
“Lottery.com is committed to maintaining transparency, innovation, and excellence in its operations and governance. With the funding partner announced today and the Board changes in place, the Company is well-positioned to advance its mission and create value for all stakeholders.”
For more information please contact: [email protected], or visit: http://www.lottery.com and Sports.com Twitter
About Lottery.com, Inc.
Lottery.com, Inc. is a leading technology company that is transforming how, where and when lotteries are played. Its engaging mobile and online platforms enable players and commercial partners located throughout the United States and other countries to remotely purchase safe and legally sanctioned lottery games. Lottery participants look to the Company’s website, Lottery.com, for compelling, real-time results on over 800 lottery games from over 40 countries. In all that it does, Lottery.com’s mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding the company’s future financial performance, as well as the company’s strategy, future operations, revenue guidance, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Lottery.com disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Lottery.com cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Lottery.com. In addition, Lottery.com cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the outcome of any legal proceedings that may be instituted against Lottery.com; (ii) the Company’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and its accounting staffing levels; (iii) the effects of competition on Lottery.com’s future business; (iv) risks related to its dependence on its intellectual property and the risk that technology could have undetected defects or errors; (v) changes in applicable laws or regulations; (vi) risks related to the COVID-19 pandemic or other pandemic and their effect directly on Lottery.com and the economy generally; (vii) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (viii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (ix) the ability of Lottery.com to achieve its strategic and growth objectives as stated or at all; and (x) those factors discussed in the proxy statement/prospectus filed by Lottery.com, Inc. with the U.S. Securities and Exchange Commission (“SEC”) under the heading “Risk Factors” and the other documents filed, or to be filed, by the Company with the SEC. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Lottery.com has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov.
Ilott, Foster, and Murray Fly the Flag for Global Brands Across IndyCar and Indy NXT
DETROIT, May 30, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW)(“the Company” or “Lottery.com”) and Sports.com, the next-generation sports media platform, are proud to announce their continued sponsorship of three exceptionally talented drivers — Callum Ilott, Louis Foster and Sebastian Murray — as they take to the streets of Detroit this weekend in both the NTT INDYCAR SERIES and INDY NXT by Firestone.
Lottery.com branded helmet worn by Callum Ilott
Callum Ilott: Lottery.com Helmet Deal Extended Through 2025
Following his standout showing at the Indianapolis 500, Callum Ilott will now wear the Lottery.com logo front and center on his custom helmet for the remainder of the 2025 season. Driving car number 90 for the Prema racing team, Ilott represents Lottery.com’s lead entry in the top-tier INDYCAR SERIES.
“We’re proud to extend our relationship with Callum,” said Matthew McGahan, Chairman and CEO of Lottery.com and Sports.com. “I had the pleasure of spending time with Callum at the Indy 500 following his great drive, and I was really impressed not only by his ability to drive the wheels off a car, but also by his commercial understanding of how important partnerships like this are for the future. We look forward to working with Callum through this year and beyond.”
Sports.com branded helmet worn by Louis Foster.
Louis Foster: Sports.com Partnership Continues Post-Indy 500
After finishing 12th and earning Top Rookie Honors at the Indy 500 last weekend, Louis Foster continues his strong run in the Rahal Letterman Lanigan Racing No. 45 car. The Sports.com branding will now appear on the chin of Foster’s car, showcasing the Company’s commitment to elite racing talent.
“Detroit’s a tricky track and there have been some eventful races there in recent years,” Foster commented. “The main goal is to qualify well and stay out of trouble to keep our momentum going.”
“It’s just, like, super bumpy,” he added. “It’s really short and narrow. For us to be on the limit and not end up in the wall, it just makes it very, very challenging. In some areas, it’s very narrow. In others, you have different tarmacs in different corners, which makes it hard to feel the grip of the car.”
“Not only did Louis deliver one of the outstanding drives of the Indy 500 weekend,” said Marc Bircham, Director of Sports.com, “but having spent time with him personally, I can say he’s got a fantastic personality — every sponsor’s dream. He has a great racing pedigree. He’s the complete package.”
Sebastian Murray: Rising Star Continues Indy NXT Journey
In the INDY NXT by Firestone championship, Sebastian Murray will once again carry Lottery.com branding on the rear spoiler and nose wing endplates of his Andretti Cape Motorsports machine. As the youngest driver in the group, Murray’s progression symbolizes the long-term vision for both Lottery.com and Sports.com in supporting emerging motorsport talent and driver development.
“Sebastian represents the future,” said Marc Bircham. “He’s calm under pressure and has the talent to rise quickly through the ranks. We’re excited to watch his journey unfold and to be a part of it.”
“Marc and I also had the pleasure of spending time with Sebastian over the Indy 500 weekend,” said Matthew McGahan, “and he’s not only a charming young man but an exceptional natural driver. There’s no doubt he’s one to watch.”
Detroit Street Circuit: The Challenge Ahead
Detroit’s circuit is one of the most demanding in motorsport, with tight corners, changing surfaces, and limited overtaking zones that test both driver skill and race strategy. This marks the fourth major event in May, closing out the busiest month of the INDYCAR calendar.
Broadcast Schedule (ET):
- Fri, May 30 – Practice 1: 3:00 PM (FS2, Sky Sports F1 UK)
- Sat, May 31 – Practice 2: 9:00 AM / Qualifying: 12:00 PM (FS1, Sky Sports)
- Sun, June 1 – Warm-Up: 9:30 AM / Race: 12:30 PM (FOX, Sky Sports F1 UK)
Triple Sponsorship, One Global Vision
This three-driver lineup exemplifies Lottery.com and Sports.com’s investment in world-class motorsport to raise global brand awareness and fan engagement. From helmet design to car decals, the brands are front and center on one of the most watched racing series in the world.
“This is more than sponsorship — it’s the start of a movement,” said Matthew McGahan. “We’re building long-term equity in the sports and entertainment verticals, and these partnerships are already delivering global brand recognition along with signaling to our shareholders that we are making strides to increase the value of our premium brand assets.”
About Lottery.com
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook.
For more information, please visit www.lottery.com or www.sports.com or contact our media relations team.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/19dde0b9-86b4-4956-802f-8f1ec3fe1ab0
https://www.globenewswire.com/NewsRoom/AttachmentNg/6f7ef34f-55a7-4558-9225-72e72363a259
This press release was published by a CLEAR® Verified individual.
CONTACT: For more information, please visit www.lottery.com or www.sports.com or contact our media relations team at [email protected].
Nasdaq:LTRY
Lottery.com Inc. Enters New Era as Turnaround Completes and Strategic Acquisitions Accelerate
Company Poised to Execute on Five-Year Growth Plan Across Lottery, Sports and Entertainment Verticals
FORT WORTH, Texas, May 28, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery, sports and entertainment, announces that its registration statement on Form S-1 has been declared effective by the U.S. Securities and Exchange Commission as of May 14, 2025. This milestone unlocks access to a previously announced $100 million financing facility (“Financing Facility”) with Generating Alpha Ltd., providing the Company with financial flexibility to execute its aggressive acquisition and growth strategy.
This announcement follows a week of extraordinary market performance, with over 275 million shares traded and the stock surging from $0.70 to a high of $2.64. The effectiveness of the S-1 marks the official close of a two-year corporate turnaround. Under new leadership, Lottery.com has rebuilt its foundation: restructuring the Board and executive team, remediating legacy compliance issues, and implementing two clear innovative business models for Lottery.com and Sports.com.
“The turnaround is now complete. We are structurally sound, operationally ready, and strategically funded to drive aggressive growth,” said Matthew McGahan, CEO and Chairman of Lottery.com. “We’ve stabilized the Company from its foundation, secured the capital need and are moving rapidly towards driving revenue and acquiring assets that strengthen our brand ecosystem and deliver profits for the Company and its shareholders.”
The Company’s focus now turns to strategic execution—transforming capital into revenue generation and high-value assets to deliver shareholder value.
While the Financing Facility provides capital through the issuance of common stock, the Company intends to deploy proceeds not for general dilution but to accelerate revenue growth and acquire accretive assets across gaming, content, media and live events—many of which are already in late-stage negotiations. Access to immediate funding allows Lottery.com to drive revenue and complete its target acquisitions, including but not limited to DotCom Ventures Inc., owner of Concerts.com and TicketStub.com, and Nook Holdings Limited (Dubai, UAE) to further develop the Sports.com brand in the Middle East. The buy-and-build acquisition strategy is designed to:
- Drive near-term revenue and sustainable long-term profitability
- Expand global brand awareness
- Enhance shareholder value
- Maximize synergies between Lottery.com and Sports.com
McGahan added: “The S-1 going effective is transformative for Lottery.com and its shareholders. We are not just raising capital—we are deploying it against cash-generative acquisitions that enhance our balance sheet, income statement and the valuation of our brands. This is a disciplined growth phase.”
The Company’s five-year vision includes expanding Lottery.com International, launching new sweepstakes products (domestically and abroad), deepening its affiliate program and building out a robust content and IP ecosystem under Sports.com Studios—all underpinned by the funding now available through the activated Generating Alpha Financing Facility, along with continued funding from United Capital Investments Ltd.
About Lottery.com
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu, and WinTogether, is a unified ecosystem that integrates gaming, entertainment, and sports.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
This press release was published by a CLEAR® Verified individual.
CONTACT: For more information, please visit www.lottery.com or www.sports.com or contact our media relations team at [email protected].
INDIANAPOLIS, May 27, 2025 (GLOBE NEWSWIRE) — In the running of the 109th Indianapolis 500, Louis Foster delivered a headline-grabbing performance as Top Rookie finisher, proudly representing Sports.com and Lottery.com Inc. (Nasdaq: LTRY; LTRYW) (“Lottery.com” or “the Company”) in what marked a milestone weekend for the brands’ growing presence in global motorsport.
Callum Ilott (red) and Louis Foster (black) stand next to the Borg-Warner Trophy prior to the start of the 2025 Indy 500.
Driving the #45 Desnuda Honda for Rahal Letterman Lanigan Racing, Foster started 20th and charged into the top 10 on race day. Despite receiving two drive-through penalties for pit lane infractions, he kept his composure to bring the car home in a provisional 15th place, later elevated to P12 following post-race disqualifications of three competitors. Foster was the only rookie finisher out of four starters — a feat that underlines both his talent and maturity on the sport’s biggest stage.
“To be the top rookie in my first 500 is something I’m very proud of,” said Foster. “We had the pace to run inside the top 10, and I’m already focused on building from this heading into Detroit.”
Foster’s helmet paid tribute to key figures in his racing journey and prominently featured the Sports.com logo on the chin, signaling the brand’s deepening investment in next-generation talent.
Callum Ilott, representing PREMA Racing, delivered an equally impressive performance in the Italian team’s debut Indy 500. Running as high as fifth and ultimately finishing P12 on track, Ilott’s pace and professionalism drew strong praise. While PREMA’s #90 entry was later disqualified for a technical infringement relating to rear wing endplate height, the result did little to diminish the team’s sense of achievement in their first appearance at the Brickyard.
“It was an unforgettable experience,” said Matthew McGahan, CEO of Lottery.com and Sports.com. “I was honored to spend time with Callum, Louis, and Sebastian over the weekend — three exceptional young drivers who gave it their all. The race itself was spectacular. Having attended many Formula One events in my career, this was my first Indy 500. This event wasn’t just a race; it was a spectacle.”
“As a former professional athlete myself, this was my first time attending the Indianapolis 500 — and I can honestly say I’ve never experienced anything like it,” added Marc Bircham, Director of Sports.com. “From the roar of the crowd to the Black Hawk helicopters leading the opening laps, it was absolutely electric. It’s a bucket-list event that exceeded all expectations. Neither Matthew nor I have ever witnessed a live sporting event with nearly half a million fans over a single weekend. The scale, the energy, the precision — it was unforgettable. And to be there supporting Louis, Callum, and Sebastian made it all the more meaningful. These are the kind of world-class moments that define what Sports.com is all about.”
The weekend also offered the opportunity to connect with rising Indy NXT star Sebastian Murray, currently backed by Sports.com and Lottery.com. Murray joined the executives for a meet-and-greet during the event, reinforcing the Company’s commitment to supporting future champions across every tier of the sport.
Throughout the event, leadership from Lottery.com and Sports.com held multiple discussions with the management teams of both Foster and Ilott to explore deeper sponsorship agreements and expanded collaboration opportunities across future race weekends and series.
This announcement comes at a pivotal moment for Lottery.com, which last week recorded nearly half a billion shares traded. With momentum building, the Company continues to advance its visibility and impact across elite global sports platforms.
About Lottery.com Inc.
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/69ba93f1-857d-4719-91c3-404868fedf4a
This press release was published by a CLEAR® Verified individual.
CONTACT: For more information, please visit www.lottery.com or contact our media relations team at [email protected].
-
Compliance Updates4 days agoThe Isle of Man Treasury Appoints Gregory Petts as Chairman of the Isle of Man Gambling Supervision Commission
-
BacanaPlay.bet.br4 days agoHabanero content now available at PlayUZU.bet.br and BacanaPlay.bet.br
-
Asia4 days ago
Amusnet Reinforces Strategic Presence in Asia at SiGMA Asia 2025
-
Brazil5 days ago
Playson eyes extended Brazil reach through Cactus Gaming integration
-
Asia5 days ago
12BET Brings the Aviator Craze to Players with Spribe’s Trending Games
-
Australia3 days ago
Crown Perth Announces Two Leadership Appointments
-
Compliance Updates5 days ago
UKGC Welcomes OSR Review of Gambling Survey for Great Britain
-
Latest News4 days ago
MGA Games Launches “Athena’s Treasure,” a Mythological Slot with Expanding Wild and Variable Free Spins
