illi News - Global Expansion Fueled via Agreement to Take 90% Ownership of Nook Holdings UAE-Based Sports Incubator by Online Lottery & Sports Game Provider

Trending...

Lottery.com Inc., (N A S D A Q: LTRY) $LTRY $100 Million Financing Unlocked for Major Acquisition and Growth Strategy Including Remote Lottery Platform

FORT WORTH, Texas - illiNews -- Mobile & Online Platforms Enable Players and Commercial Partners in the U.S. and Internationally to Remotely Purchase Legally Sanctioned Lottery Games.

Real-Time Results for Over 800 Lottery Games From More Than 40 Countries.

Family of Brands Including Sports.com, Concerts.com, and TicketStub.com, to Form a Unified Ecosystem That Integrates Gaming, Entertainment and Sports.

Agreement To Acquire 90% Ownership Stake in Nook Holdings, UAE-Based Sports Incubator.

Investigation Launched to Counter Improper Short Selling of LTRY Shares.

Form S-1 Declared Effective Unlocking Access to a $100 Million Financing Facility for Aggressive Acquisition and Growth Strategy.

LOI for 51% Majority Stake in DotCom Ventures Inc., with Premium Domain Assets Concerts.com and TicketStub.com, in a Transaction Valued at $10 Million.

TicketStub.com to Operate Focused on Alternative Entertainment Verticals Including Festivals, Comedy, eSports and Lifestyle Events.

Dual-Brand Strategy Allows for Both Mainstream and Genre-Specific Ticketing Models Under the Broader Concerts.com Umbrella.

Lottery.com Inc., (N A S D A Q: LTRY, LTRYW) is a leading technology company that is transforming how, where and when lottery is played. The LTRY engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games. Fans and subscribers look to LTRY for compelling, real-time results on more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, LTRY is fundamentally changing how non-profit donors are incentivized to action by gamifying charitable giving. The LTRY mission remains an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives.

More on illi News

The LTRY family of brands — including Sports.com, Concerts.com, and TicketStub.com, is a unified ecosystem that integrates gaming, entertainment and sports.

More than just an app, but a complete lottery experience on the phone, LTRY gives users instant access to all the winning numbers, jackpot sizes, and draw times for all their favorite lotteries. Plus, LTRY will even let users know when the jackpots reach a size worth playing.

Lottery.com To Increase Ownership Stake in Nook Holdings, UAE-Based Sports Incubator

On June 11^th LTRY announced the signing of an amended Stock Purchase Agreement for its planned acquisition of Nook Holdings Limited, a pioneering sports, health and wellness incubator based in Dubai, United Arab Emirates.

The acquisition, valued at approximately $2.5 million USD, is an all-cash deal, underscoring the LTRY strategic commitment to global growth and innovation in sports and wellness. Upon completion, LTRY will control ninety percent (90%) of Nook. The deal is expected to close on or before June 30, 2025.

Founded by Ravi Bhusari, Nook has become a cornerstone of the UAE's sports and wellness ecosystem. Over the past five years, it has fulfilled its ongoing mission to support startups and small businesses establish operations, obtain licenses, register for VAT and gain community support. Its exclusive partnership with Dubai's DMCC Free Zone and its high-visibility location at One JLT have made it the go-to destination for sports entrepreneurs in the region.

Upon completion of the acquisition, LTRY will operate segments of its international sports business from within the Nook premises at One JLT, transforming the space into a gateway for sports innovation, investment and integration. The site will continue to function as both a premium co-working space and a business incubator, connecting early-stage sports businesses with the broader Sports.com ecosystem.

Lottery.com Inc. Launches Investigation into Short Selling Activities

On June 3^rd LTRY announced it has commenced an investigation into potential short selling activities in its stock. The Company has engaged legal counsel from Paul Hastings LLP to conduct the investigation.

LTRY believes that there may have been dissemination of false information relating to the Company with the objective of driving down its stock price and damaging its business. LTRY also believes that it may have been the victim of illegal naked short selling in its stock.

More on illi News

Turnaround Completes and Strategic Acquisitions Accelerate for Five-Year Growth Plan

While the Financing Facility provides capital through the issuance of common stock, LTRY 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 LTRY 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.

Lottery.com Expands Global Footprint in Live Entertainment with $10M Acquisition of Concerts.com and TicketStub.com

On May 7^th LTRY announced a Letter of Intent ("LOI") to acquire a majority stake in DotCom Ventures Inc., a Nevada corporation ("DVI"), together with the premium domain assets Concerts.com and TicketStub.com, in a transaction valued at $10 million.

This strategic investment will form the third foundational pillar of the LTRY expanding platform — standing alongside Sports.com and Lottery.com as part of a vertically integrated, multi-channel entertainment business. Together, these brands will create the concrete base of a next-generation ecosystem designed to unify content, commerce, and live experiences under a single global strategy. Concerts.com and TicketStub.com are live, operational, and built for scale — delivering real value and revenue potential from day one.

LTRY acquiring a majority stake in DVI represents a $10 million transaction, comprised of a strategic blend of cash, secured debt, and equity issued at up to $3.00 per share — further validating the strength of the Lottery.com and Sports.com platform.

Concerts.com is being designed not simply as a ticketing platform, but as a fully integrated live events engine. It will serve as the primary processor of access and fan engagement, tying directly into the Sports.com fast-growing live streaming infrastructure.

The LTRY investment in DVI will include TicketStub.com, which will operate in parallel as a brand focused on alternative entertainment verticals, including festivals, comedy, esports, and niche lifestyle events. This dual-brand strategy allows for both mainstream and genre-specific ticketing models under the broader Concerts.com umbrella.

For more information on LTRY visit: https://www.lottery.com or https://compasslivemedia.com/ltry/

Media Contact:
Company Names: Lottery.com Inc., (N A S D A Q: LTRY)
Contact: Matthew McGahan, Chairman and CEO
Email: ir@lottery.com
Phone: (737) 309-4500
Country: United States
Website: https://www.lottery.com

DISCLAIMER: https://corporateads.com/disclaimer/

Disclosure listed on the CorporateAds website