Lotary.com Inc.
LONDON, Aug. 14, 2024 (GLOBE NEWSWIRE) — Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”) is pleased to announce that Sports.com, a leader in sports entertainment, has expanded its partnership with Bango PLC (AIM: BGO) (“Bango”), a global leader in subscription bundling and digital commerce solutions. The partnership is designed to expand Sports.com’s reach into new markets around the world through Bango’s extensive international distribution network.
Sports.com has successfully completed its integration with Bango’s Digital Vending Machine®, allowing the company to seamlessly distribute its sports content platform to millions of potential new users around the world. The partnership aims to launch Sports.com in 40 markets, primarily focused on North America and Europe, with an expansion to five to six markets in Latin America and Asia Pacific. Priority markets identified are the United States, the United Kingdom, Ireland, Chile and Mexico, where the company expects to see significant interest from sports fans.
Tim Scofham, Sports & Media Consultant at Sports.com, said:
“Resellers who use Vango’s Digital Vending Machine® for subscription bundling can easily incorporate Sports.com’s services into their own offerings, enriching their content catalog with a wider range of streaming options. With the integration complete and Sports.com content immediately available, resellers can immediately deploy our fresh, engaging content to increase customer retention and satisfaction.”
Matthew McGahan, chairman and CEO of Lottery.com and Sports.com, added: “We are thrilled to be partnering with Lottery.com to bring our innovative technology to the table.
“Our vision to transform the sports fan experience into a seamless, immersive one continues to take shape through partnerships like ours with Bango. These deals are core to our strategy of delivering localized, branded sports content directly to consumers’ mobile devices. Our integration with Bango’s Digital Vending Machine® significantly expands our global reach and access to fans looking for fresh ways to engage with sports content. We remain focused on delivering the newest and most exclusive sports content and establishing Sports.com as the ultimate destination for sports lovers, and we look forward to announcing new content and distribution agreements soon.”
For more information, visit www.sports.com or www.lottery.com
Lottery.com Contact: press@lottery.com
Important Notice Regarding Future Forecasts
This press release contains “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 current or historical facts, contained in this press release regarding our future financial performance, our 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 “may,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and other similar expressions, as well as the negative of these words 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 regarding future events and are based on currently available information regarding the outcome and timing of such events. Except as otherwise required by applicable law, Lottery.com disclaims any obligation to update all forward-looking statements expressly qualified by the statements in this section to reflect events or circumstances after the date of this press release. Lottery.com cautions that these forward-looking statements are subject to a number of risks and uncertainties, most of which are difficult to predict and beyond Lottery.com’s control. In addition, Lottery.com cautions that the forward-looking statements contained in this press release are subject to the following factors: (i) the outcome of any litigation that may be instituted against Lottery.com; (ii) Lottery.com’s ability to maintain effective internal control over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting related to segregation of duties, access controls and the level of Lottery.com’s accounting staff with respect to its financial recordkeeping system; and (iii) the impact of competition on Lottery.com’s future business. (iv) risks associated with Lottery.com’s reliance on its intellectual property and the risk that Lottery.com’s technology may have undetected defects or errors; (v) changes to applicable laws or regulations; (vi) risks related to the COVID-19 pandemic and its direct impact on Lottery.com and the economy generally; (vii) risks related to privacy and data protection laws, privacy or data breaches, or data loss; (viii) the possibility that Lottery.com may be adversely affected by other economic, business, and/or competitive factors; (ix) Lottery.com’s ability to achieve its strategic and growth objectives as stated, or at all; and (x) factors discussed under the heading “Risk Factors” in the proxy statement/prospectus filed by Lottery.com with the SEC and other documents that Lottery.com has filed or will file with the SEC. If one or more of the risks or uncertainties described in this press release materialize, or if underlying assumptions prove incorrect, actual results and plans may differ materially from those indicated in the forward-looking statements. Additional information about these and other factors that could affect the operations and forecasts discussed herein is contained in reports Lottery.com has filed or will file from time to time with the SEC. These SEC filings are publicly available on the SEC’s website at www.sec.gov.
