Latest news with #MatthewMcGahan
Globe and Mail
2 days ago
- Business
- Globe and Mail
Lottery.com Announces Sports.com Hub Global Expansion Plans
FORT WORTH, Dallas, June 11, 2025 (GLOBE NEWSWIRE) -- Inc. (NASDAQ: LTRY, LTRYW) (' or 'the Company'), a leading technology company transforming the intersection of gaming, sports and entertainment, today announces its growth strategy for Nook Holdings Limited ('Nook'), the UAE-based sports and wellness incubator located at One JLT, Dubai. The Company is expected to complete its acquisition of a ninety percent (90%) ownership stake in Nook on or before June 30, 2025. The Company has unveiled a strategic, multi-market rollout plan for its co-working and incubation model. This forms part of the Company's broader platform growth strategy designed to drive international brand presence, cash generation through tangible asset acquisitions. Nook will be rebranded under upon completion of the transaction. 'This is not a one-off transaction — this is a scalable blueprint,' said Matthew McGahan, Chairman and CEO of and 'For several months, we've been clear that and are executing an aggressive buy-and-build strategy. We operate a modular model that enables us to bolt on high-potential, cash-generative businesses that expand both brands quickly and globally.' This execution aligns with the stated intent behind $100 million financing facility with Generating Alpha. The financing facility provides the Company with growth capital to target strategic acquisitions of businesses that possess tangible assets and demonstrate strong recurring revenue potential along with support existing operations. Nook generated $354,000 in net profit in FY 2024 and is projecting a 38% increase to $490,000 in 2025. The Company has confirmed that its second incubator hub will be located in Al Quoz, a high-growth district near DIFC and the Burj Khalifa, within a major new leisure complex. The site is expected to open in Q4 2025 and will serve as a regional anchor for the Company's operations in the Middle East. Further locations have been identified for international expansion, including: Riyadh and Jeddah, Saudi Arabia Abu Dhabi, UAE Greater Miami, Florida area 'This is a long-term platform play,' said Mark Bircham, Director of and Head of Acquisitions at 'We're creating a repeatable model that connects high-growth markets to a shared infrastructure. With the right businesses in place, the potential to scale across multiple verticals is enormous.' Each hub is designed to serve as a launchpad for sports, health, wellness, and entertainment startups. By integrating these ventures into the broader ecosystem, the Company aims to unlock new monetization channels and deliver long-term shareholder value. About The Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook. 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, expectations related to the investigation of short selling or potential naked short selling, including the Company's analysis, its ability to take appropriate corrective action, or any potential investigations by regulators; 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 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 This press release was published by a CLEAR® Verified individual.
Yahoo
05-06-2025
- Business
- Yahoo
Lottery.com Inc. to Present at Noble Capital Markets' Emerging Growth Virtual Equity Conference
FORT WORTH, Texas, June 05, 2025 (GLOBE NEWSWIRE) -- Inc. (Nasdaq: LTRY), a leading technology company transforming the intersection of gaming, sports and entertainment, announced that its Chairman and CEO, Matthew McGahan, will present at the Noble Capital Markets 2025 Emerging Growth Virtual Equity Conference on Thursday, June 5, 2025, at 1:30 PM Eastern Time. The presentation will highlight recently completed corporate turnaround, the launch of its two new growth divisions — Domestic and International and Media and Ventures — and its plans for accelerated growth following the effectiveness of its S-1 registration statement and the securing of a $100 million financing facility. The formal presentation at the conference will be followed by a Q&A session moderated by a Noble Capital Markets analyst, with questions welcomed from the live virtual audience. Registered, qualified investors will also have the opportunity to schedule 1x1 meetings with Mr. McGahan following the presentation. Attendees interested in viewing the live presentation can register for the event, at no cost, here: Noble Capital Markets and or A video webcast of the presentation will be available following the event on the Company's website at and as part of the full catalog of presentations on Channelchek ( The webcast will be archived on both sites for 90 days following the event. About The Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook. About Noble Capital MarketsEstablished in 1984, Noble Capital Markets is an SEC/FINRA-registered full-service investment bank and advisory firm with an award-winning research team and proprietary investor distribution platform. Noble provides middle-market expertise to entrepreneurs, corporations, financial sponsors, and investors, having raised billions of dollars and published more than 45,000 equity research reports over the past 40 years. About ChannelchekLaunched in 2018, Channelchek ( is an investor community dedicated exclusively to emerging growth companies. Channelchek offers free institutional-quality research, webcasts, and industry articles without a subscription and features more than 7,000 public emerging growth companies. For more information, please visit or contact our media relations team at press@ 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, expectations related to the investigation of short selling or potential naked short selling, including the Company's analysis, its ability to take appropriate corrective action, or any potential investigations by regulators; 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 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 in to access your portfolio
Yahoo
05-05-2025
- Automotive
- Yahoo
Alan Aaron Crowned Winner of the Donate to Win™ Miami Grand Prix Sweepstakes
Delivers a Weekend of Elite Racing Access, Ferrari Garage Tours, and VIP Experiences MIAMI, May 05, 2025 (GLOBE NEWSWIRE) -- Inc. (Nasdaq: LTRY, LTRYW) and in partnership with the WinTogether Trust, is proud to announce that Alan Aaron was the grand prize winner of the Donate to Win™ Miami Grand Prix Sweepstakes. Alan and his family enjoyed an extraordinary weekend of luxury, motorsport access, and exclusive behind-the-scenes experiences at the Miami Grand Prix (May 2–4, 2025). The unforgettable prize package included: Thursday pit lane tour, observing pit stop practice followed by a chauffeured lap around the iconic Hard Rock F1 circuit. Friday hospitality dinner featuring current F1 drivers and motorsport industry leaders. Second-row seats all weekend including for Saturday's qualifying and sprint race and Sunday's main event, the Grand Prix, offering an unparalleled view of the action, the pre-race parade, and grid activity. A rare Ferrari Formula 1® garage tour, where the #44 Lewis Hamilton and #16 Charles Leclerc cars were seen in full race prep. VIP paddock access and personal escort by CEO Matthew McGahan and Director Marc Bircham. As a surprise gesture, and CEO Matthew McGahan personally called Alan on Sunday morning and offered one final gift. had managed to secure two additional second-row Start/Finish line grandstand seats for Alan's sons, Justin and Cameron. According to Alan in an email received this morning, 'this absolutely made the weekend a very special event.' He added that his family is still in shock from the truly VIP experience.'Being inside the Ferrari garage, watching both cars being prepped, and experiencing the raw power of the engine run-up with official team guidance was unlike anything I've seen. My son and I were completely blown away. Huge thanks to and for sponsoring the Donate to Win sweepstakes and making it all happen.''This was a proud moment for us. It reflects exactly what we're building with our brand—exclusive access, unforgettable moments, and a connection to meaningful causes. Alan and his son were exceptional guests, and we're thrilled to have shared this journey with them. Thanks to Donate to Win for pulling this off in such a compacted timeframe.' From left to right: and CEO Matthew McGahan;Justin Aaron; Sweepstakes Winner Alan Aaron; Director Marc Bircham. VIP On Field access at Hard Rock Stadium. From left to right:Sweepstakes Winner Alan Aaron; and CEO Matthew McGahan; and Justin Aaron. About the Campaign: The Donate to Win™ Miami Grand Prix Sweepstakes marked first U.S.-based sponsored activation in over two years, signaling a major strategic milestone for the company. Proceeds supported cybersecurity education initiatives for Florida-based youth through the WinTogether Trust, a registered 501(c)(3) organization. For full sweepstakes details, visit: 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 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 This press release was published by a CLEAR® Verified individual. CONTACT: For more information, please visit or contact our media relations team at press@
Yahoo
28-02-2025
- Business
- Yahoo
Lottery.com says federal court dismisses all claims against company
(LTRY) announced The United States District Court for the Southern District of Florida has ruled in favor of the Company and Matthew McGahan, granting with prejudice the Motion to Dismiss for Failure to State a Claim in the case styled Sharon A. McTurk, et al. v. Inc. and Matthew McGahan. The lawsuit, filed by Sharon McTurk and her affiliated entities, alleged four causes of action against the Defendants: Fraudulent Misrepresentation; Negligent Misrepresentation; Aiding and Abetting; and Conspiracy. Plaintiffs claimed that McTurk was promised shares of the Company's common stock at below market price in exchange for financial backing, however, after a comprehensive review, the Court found that the allegations failed to meet the most basic legal standards and could not court ordered and adjudged that: The Defendants' Motion to Dismiss is granted; The Plaintiffs' Complaint is dismissed with prejudice; All pending deadlines and hearings are terminated; All other pending motions are denied as moot; and The Clerk of the Court has been directed to close the case. This ruling signifies the final dismissal of all claims against the Defendants. As the case was dismissed with prejudice, the Plaintiffs are barred from refiling the same claims in this form. The Court's ruling underscored the lack of credible evidence presented by the Plaintiffs. The Court determined that the allegations did not meet the required legal threshold, thereby rejecting all claims brought against and Matthew McGahan. The Company and Mr. McGahan have consistently denied the allegations. This dismissal allows both parties to move forward without any further legal considerations related to this matter. See what stocks are receiving Strong Buy ratings from top-rated analysts. Filter, analyze, and streamline your search for investment opportunities with TipRanks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on LTRY: regains compliance with Nasdaq listing rule announces Global Advisory Board enters MOU with PlusEVO to acquire gaming platform for $1.5M 3 Penny Stocks to Watch Now, 2/13/25 enters into multi-year partnership with Soccerex Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Federal Court Dismisses All Claims Against Lottery.com Inc. and Matthew McGahan with Prejudice
FORT WORTH, Texas, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Inc. (Nasdaq: LTRY, LTRYW) (' or the 'Company'), a leading technology company in digital lottery and sports entertainment, is pleased to announce The United States District Court for the Southern District of Florida has ruled in favor of the Company and Matthew McGahan ('Defendants'), granting with prejudice the Motion to Dismiss for Failure to State a Claim in the case styled Sharon A. McTurk, et al. v. Inc. and Matthew McGahan (Case No. 24-60993-CIV-DAMIAN). The lawsuit, filed by Sharon A. McTurk and her affiliated entities (Rutherford Enterprises, LLC, SJB Solutions, LLC and Astra Supply Chain, LLC, collectively 'Plaintiffs'), alleged four causes of action against the Defendants: Fraudulent Misrepresentation (Count I); Negligent Misrepresentation (Count II); Aiding and Abetting (Count III); and Conspiracy (Count IV). Plaintiffs claimed that McTurk was promised shares of the Company's common stock at below market price in exchange for financial backing, however, after a comprehensive review, the Court found that the allegations failed to meet the most basic legal standards and could not proceed. COURT DECISION The court ordered and adjudged that: The Defendants' Motion to Dismiss is granted; The Plaintiffs' Complaint is dismissed with prejudice; All pending deadlines and hearings are terminated; All other pending motions are denied as moot; and The Clerk of the Court has been directed to close the case. This ruling signifies the final dismissal of all claims against the Defendants. As the case was dismissed with prejudice, the Plaintiffs are barred from refiling the same claims in this form. IMPACT OF THE RULING The Court's ruling underscored the lack of credible evidence presented by the Plaintiffs. The Court determined that the allegations did not meet the required legal threshold, thereby rejecting all claims brought against and Matthew McGahan. The Company and Mr. McGahan have consistently denied the allegations. This dismissal allows both parties to move forward without any further legal considerations related to this matter. Following the ruling, Matthew McGahan, Chairman and CEO of expressed relief and optimism about the future: 'I am delighted with the honorable judge's decision. The case required the Company to allocate financial resources and extraordinary amounts of time that would have been better spent on our turnaround efforts and operations. Many untruths were told in this story that caused immense stress for both me and my family. This ruling has vindicated me and the Company. I am happy that we can focus on building for the future and delivering value to our shareholders.' CONCLUSION The Court's ruling underscores the necessity of credible evidence in legal disputes. By dismissing the case with prejudice, the Court has closed this matter, effectively bringing an end to the litigation. For more information, please visit or contact our media relations team at press@ 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 June 14, 2024, 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 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 or contact our media relations team at press@
