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Lottery.com Inc is a leading provider of domestic and international lottery products and services. The company offers a platform for remote purchase of legally sanctioned lottery games in the U.S. and abroad. Revenue is generated through the Lottery.com app and website, allowing remote purchase of lottery games. The recent software purchase agreement with WA.Technology marks a global expansion phase in Africa, the Pacific Region, Brazil, and parts of Latin America, enhancing Lottery.com's operations. This strategic partnership aims to grow the Lottery.com brand and revenue stream, leveraging WA.Technology's iGaming solutions.
Lottery.com (LTRY) announced the appointment of Cohen & Company Capital Markets (CCM) as its new strategic financial advisor. This move aligns with Lottery.com's 'buy and build' strategy, supported by a $150 million loan from United Capital Investments
CCM will assist in structuring acquisitions and expanding globally, with a focus on enhancing Lottery.com's market reach and technological capabilities. Key initiatives include the development of Sports.com into a mainstream streaming platform, targeting motorsports, NFL, NBA, MLS, and USL.
The Sports.com app is now available on Apple and Google App Stores. Lottery.com aims to acquire a UK football club within the year, leveraging CCM's expertise in financial structuring.
This partnership aims to boost both domestic and international operations, further monetizing Lottery.com's online assets and technical expertise.
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