Lottery.com, Inc. (NASDAQ: LTRY, LTRYW) is delighted to announce
that its wholly owned subsidiary Sports.com has entered into a
strategic partnership with the Saudi Motorsport Company (SMC) to
coincide with activity around the FIA World Touring Car Cup
decider, which was held in Jeddah, Saudi Arabia last weekend, from
25-‐ 27 November 2022 (“the competition”).
As part of the agreement, Sports.com branding and
advertising was displayed around the track for the duration of the
competition, setting the foundation for the future establishment of
a joint venture and content distribution partnership.
Sports.com is a new sports entertainment platform,
with both online and offline offerings, which has been created to
take advantage of the changing way in which sports entertainment is
distributed and accessed. Sports.com will enable fans to watch a
variety of sports in every country; in any language; on any device;
live and on demand. As well as live content, Sports.com will
provide unique insights and information, data, e-‐gaming,
education, ticketing, and merchandising services; bringing together
fans with athletes, franchises, teams, rights owners, gaming
providers, sponsors and advertisers. Its mission is to be the
world’s foremost locale for sports entertainment.
SMC is a state owned and funded company, founded
by the Saudi Automobile and Motorcycle Federation (SAMF), to bring
all Saudi activity in the sector under a single entity, and is the
first public body designed to commercialize motorsport at a
national level in the Kingdom. One of its primary roles is promoter
for the Kingdom’s growing number of international motorsport events
such as the FIA Formula 1 World Championship STC Saudi Arabian
Grand Prix, the Dakar Rally and Extreme E. Prince Khalid bin Sultan
Al-‐Abdullah Al-‐Faisal, the SAMF Chairman, has in turn welcomed
the establishment of SMC by SAMF.
From 25 – 27 November 2022, the WTCR – FIA World
Touring Car Cup season reached an exciting climax at the inaugural
Race of Saudi Arabia at the Jeddah Corniche Circuit, an alternative
3.450-kilometre track, and which staged the inaugural Saudi
Arabian Grand Prix in December 2021. Gilles Magnus of Belgium won
Gold at the race. The 2022 Cup Driver Champion is Mikel Azcona of
Spain, and the Team Champion is BRC Hyundai N Squadra Corse, an
Italian auto racing team based in Cherasco, Italy.
Matthew McGahan, Chairman of Lottery.com
and President of Sports.com commented:
“We are honoured that Sports.com is partnering
with the Saudi Motorsport Company, in what we trust will be the
first of many opportunities. Our branding around the track was
visible to fans in attendance and to millions of viewers around the
world, in over 150 countries, where the race was broadcast and free
to view. In addition, Sports.com’s branding was also reflected on
Ahmed BinKhanen’s Audi GT car. BinKhanen is one of the Kingdom’s
best driving talents.
“Saudi Motorsport Company sees the potential to
partner with our new platform, which we believe will revolutionize
fan viewing and interaction within the fast-‐changing sports
entertainment industry, and we look forward to concluding further
similar agreements around major sporting events with broadcasters
and rights owners around the world.”
Martin Whitaker, CEO of the Saudi
Motorsport Company added:
“We warmly welcome the opportunity to partner
Sports.com. Saudi Arabia is fast becoming established as a
motorsport destination, with events in the Kingdom broadcast
globally, and now attracting a massive following. We are therefore
very pleased to have announced this partnership, which introduced
the Sports.com brand, from Jeddah, to millions of viewers around
the world.
“The WTCR – FIA World Touring Car Cup’s maiden
visit to Saudi Arabia brought international touring car action to
the country for the first time. We are grateful for the support of
Sports.com and were in turn delighted to carry their branding in
various prominent places over the period of the race. We also look
forward to the continued development and strengthening of our
relationship with Sports.com.”
About Lottery.com, Inc.
Lottery.com, Inc. is a leading technology
company that is transforming how, where and when lotteries are
played. Its engaging mobile and online platforms enable players and
commercial partners located throughout the United States and other
countries to remotely purchase safe and legally sanctioned lottery
games. Lottery participants look to the Company’s website,
Lottery.com, for compelling, real-‐time results on over 800
lottery games from over 40 countries. Additionally, through
WinTogether.org, Lottery.com is fundamentally changing how
non-‐profit donors are incentivized to action by gamifying
charitable giving. In all that it does, Lottery.com’s mission
remains the same: an uncompromising passion to innovate, grow a new
demographic of enthusiasts, deliver responsible and trusted
solutions, and promote community and philanthropic initiatives.
For more information, visit:
http://www.lottery.com.
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) the Company’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 its accounting staffing levels; (iii)
the effects of competition on Lottery.com’s future business; (iv)
risks related to its dependence on its intellectual property and
the risk that technology could have undetected defects or errors;
(v) changes in applicable laws or regulations; (vi) risks related
to the COVID-‐19 pandemic or other pandemic and their 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 the
Company 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, Inc. with the U.S. Securities and Exchange
Commission (“SEC”) under the heading “Risk Factors” and the other
documents filed, or to be filed, by the Company 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.
Lottery.com contact:
ir@lottery.com
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