Lottery.com Inc. Announces Launch of International Lottery Operations
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 (NASDAQ: LTRY) ha annunciato il lancio delle sue operazioni internazionali di lotteria, mirando a generare entrate entro la fine di marzo. L'azienda ha investito in una piattaforma tecnologica personalizzata progettata per offrire un'esperienza intuitiva e sicura per gli utenti internazionali.
L'espansione si concentra sui mercati in Europa e Africa, insieme ad altri mercati globali emergenti. Lottery.com ha ottenuto accordi con partner di marketing e affiliati nel settore del gioco per accelerare l'acquisizione di clienti e prevede di collaborare con operatori locali per generare opportunità di reddito.
L'azienda ha sviluppato la sua piattaforma per soddisfare le preferenze locali e i requisiti normativi in diversi mercati. Secondo il presidente Matthew McGahan, questo lancio segna un nuovo capitolo per Lottery.com dopo un periodo di ristrutturazione di due anni. I piani futuri includono il rilancio domestico del marchio Lottery.com e l'introduzione di Sports.com in nuovi mercati, inclusi gli Stati Uniti.
Lottery.com (NASDAQ: LTRY) ha anunciado el lanzamiento de sus operaciones internacionales de lotería, con el objetivo de generar ingresos antes de finales de marzo. La empresa ha invertido en una plataforma tecnológica personalizada diseñada para proporcionar una experiencia intuitiva y segura para los usuarios internacionales.
La expansión se centra en los mercados de Europa y África, junto con otros mercados globales emergentes. Lottery.com ha asegurado acuerdos con socios de marketing y afiliados en el espacio de juego para acelerar la adquisición de clientes y planea colaborar con jugadores locales para generar oportunidades de ingresos.
La empresa ha desarrollado su plataforma para acomodar las preferencias locales y los requisitos regulatorios en diferentes mercados. Según el presidente Matthew McGahan, este lanzamiento marca un nuevo capítulo para Lottery.com tras un periodo de reestructuración de dos años. Los planes futuros incluyen el relanzamiento doméstico de la marca Lottery.com y la introducción de Sports.com en nuevos mercados, incluidos EE. UU.
Lottery.com (NASDAQ: LTRY)는 3월 말까지 수익 창출을 목표로 국제 복권 운영을 시작한다고 발표했습니다. 회사는 국제 사용자를 위한 직관적이고 안전한 경험을 제공하기 위해 맞춤형 기술 플랫폼에 투자했습니다.
확장은 유럽과 아프리카의 시장과 함께 다른 신흥 글로벌 시장에 초점을 맞추고 있습니다. Lottery.com은 고객 유치를 가속화하기 위해 게임 분야의 마케팅 및 제휴 파트너와 계약을 체결했으며, 수익 기회를 창출하기 위해 현지 업체와 협력할 계획입니다.
회사는 다양한 시장에서 지역적 선호도와 규제 요구 사항을 충족하도록 플랫폼을 개발했습니다. 매튜 맥가한 회장에 따르면, 이번 출시는 2년의 구조조정 기간 후 Lottery.com의 새로운 장을 여는 것을 의미합니다. 향후 계획에는 Lottery.com 브랜드의 국내 재출시와 미국 등 새로운 시장에서 Sports.com을 도입하는 것이 포함됩니다.
Lottery.com (NASDAQ: LTRY) a annoncé le lancement de ses opérations de loterie internationales, visant à générer des revenus d'ici la fin mars. L'entreprise a investi dans une plateforme technologique personnalisée conçue pour offrir une expérience intuitive et sécurisée aux utilisateurs internationaux.
L'expansion se concentre sur les marchés de l'Europe et de l'Afrique, ainsi que sur d'autres marchés mondiaux émergents. Lottery.com a sécurisé des accords avec des partenaires de marketing et des affiliés dans le domaine du jeu pour accélérer l'acquisition de clients et prévoit de collaborer avec des acteurs locaux pour générer des opportunités de revenus.
L'entreprise a développé sa plateforme pour s'adapter aux préférences locales et aux exigences réglementaires dans différents marchés. Selon le président Matthew McGahan, ce lancement marque un nouveau chapitre pour Lottery.com après une période de restructuration de deux ans. Les plans futurs incluent le relancement national de la marque Lottery.com et l'introduction de Sports.com sur de nouveaux marchés, y compris les États-Unis.
Lottery.com (NASDAQ: LTRY) hat den Start seiner internationalen Lotterie-Betriebe angekündigt, mit dem Ziel, bis Ende März Einnahmen zu generieren. Das Unternehmen hat in eine maßgeschneiderte Technologieplattform investiert, die ein intuitives und sicheres Erlebnis für internationale Nutzer bieten soll.
Die Expansion konzentriert sich auf Märkte in Europa und Afrika sowie auf andere aufstrebende globale Märkte. Lottery.com hat Vereinbarungen mit Marketing- und Affiliate-Partnern im Gaming-Bereich geschlossen, um die Kundenakquise zu beschleunigen, und plant, mit lokalen Akteuren zusammenzuarbeiten, um Einnahmequellen zu schaffen.
Das Unternehmen hat seine Plattform entwickelt, um lokale Vorlieben und regulatorische Anforderungen in verschiedenen Märkten zu berücksichtigen. Laut dem Vorsitzenden Matthew McGahan markiert dieser Launch ein neues Kapitel für Lottery.com nach einer zweijährigen Umstrukturierungsphase. Zukünftige Pläne umfassen die nationale Wiederveröffentlichung der Marke Lottery.com und die Einführung von Sports.com in neue Märkte, einschließlich der USA.
- Expected revenue generation from international operations by end of March
- Secured partnerships with marketing and affiliate partners for customer acquisition
- Expansion into multiple international markets (Europe and Africa)
- Customized technology platform development completed
- Two-year turnaround period indicates previous operational challenges
- Revenue generation yet to commence
Insights
This strategic expansion represents a pivotal moment for Lottery.com, marking the culmination of a two-year turnaround effort. The company's focus on international markets, particularly in Europe and Africa, demonstrates a calculated approach to tap into regions with potentially less saturated digital lottery markets and growing digital adoption rates.
The investment in a customized technology platform, coupled with strategic marketing partnerships, indicates a robust go-to-market strategy. These partnerships are particularly important as they can significantly reduce customer acquisition costs and accelerate market penetration in new territories. The emphasis on local partnerships suggests a pragmatic approach to navigating complex regulatory landscapes and cultural nuances in different markets.
However, several critical factors warrant attention. The compressed timeline to revenue generation by March 2025 appears ambitious given the complexity of international gaming regulations and the need for market-specific adaptations. While the company's current market cap of
The mention of a domestic relaunch and Sports.com introduction hints at a broader strategic transformation. This multi-pronged approach could create synergies across markets but also risks stretching resources thin. The success of this expansion will likely hinge on the company's ability to:
- Navigate varying regulatory frameworks across multiple jurisdictions
- Execute effective localization strategies while maintaining operational efficiency
- Leverage technology investments to create meaningful competitive advantages
- Manage cash flow during the expansion phase
Targeting Revenue Generation by End of March
FORT WORTH, Texas, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”), a leading technology company in digital lottery and sports entertainment, announces the launch of its international lottery operations to meet the evolving demands of customers worldwide. The launch is expected to deliver new revenue generation by the end of March.
As part of the launch, Lottery.com has invested in customizing a technology platform to deliver an intuitive, secure and engaging experience tailored to meet the diverse needs of international audiences. The relaunch of the brand reflects the Company’s commitment to staying at the forefront of the digital lottery industry catering to individual international markets while setting new benchmarks for customer satisfaction and operational efficiency. The Company is targeting countries in Europe and Africa, along with other global emerging markets for its relaunch.
Lottery.com has also secured agreements with marketing and affiliate partners specializing in the gaming space to enable the Company to rapidly scale customer acquisition. These partnerships form a cornerstone of the Company’s strategy to amplify its reach and capture market share in the key territories referred to above.
With operations soon to commence in multiple international markets, Lottery.com will aim to attract a global customer base by partnering with local players to generate revenue opportunities. This expansion enables the Company to tap into new demographics, offering a seamless and accessible lottery experience tailored to local preferences and regulatory requirements.
Matthew McGahan, Chairman of Lottery.com, commented:
“We are entering an exciting new chapter for Lottery.com. By investing in augmenting our technology, refreshing our brand for international markets and forming strong partnerships, we are laying the foundation for sustained success in international markets. We are confident in our ability to generate revenue from international lottery operations by the end of March and our mission is clear: to deliver long-term value for our shareholders and redefine the lottery experience for customers worldwide. The team is delighted that after two years of this exhaustive turnaround, Lottery.com is just weeks away from generating revenues from lottery operations. Our focus and next milestones will be the domestic relaunch of the Lottery.com brand and the introduction of Sports.com to new markets, including the US.”
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) Lottery.com’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 Lottery.com’s accounting staffing levels; (iii) the effects of competition on Lottery.com’s future business; (iv) risks related to Lottery.com’s dependence on its intellectual property and the risk that Lottery.com’s technology could have undetected defects or errors; (v) changes in applicable laws or regulations; (vi) risks related to the COVID-19 pandemic and its 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 Lottery.com 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 with the SEC under the heading “Risk Factors” and the other documents filed, or to be filed, by Lottery.com 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.
This press release was published by a CLEAR® Verified individual.
FAQ
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