Lottery.com Enters MOU with MSL to Offer U.S. Lottery Products in Ukraine
February 08 2021 - 8:00AM
Lottery.com (the “
Company”), a
leading online platform to play the lottery online or from a mobile
device, continues its international expansion and has announced
that it has entered into an MOU for cooperation with MSL, a
Ukrainian state lottery operator, to offer select Lottery.com
products in the Ukraine. This announcement comes on the heels of
the Company reaffirming its intent to sign a definitive agreement
for a business combination with Trident Acquisitions Corp. (NASDAQ:
TDACU, TDAC, TDACW) by mid-February 2021. Select products from the
Company will be available both physically and electronically, when
approved by Ukrainian legislation, and will be in accordance with
current and upcoming compliance requirements of the Ukrainian
legislation on lotteries.
MSL, a member of the European Association of State Lotteries, is
the largest state lottery operator in Eastern Europe. This
agreement will make MSL the exclusive distributor of select
Lottery.com products in the Ukraine. Ukraine has a population of
about 45 million people, with an estimated gambling market of
approximately one billion euros (€1,000,000,000 EUR).
“MSL is an expert and leader in the lottery space in Ukraine. We
are grateful to be partnered with such an established powerhouse in
the lottery and gaming industry and very excited to expand into the
Eastern European market,” said Tony DiMatteo, Chief Executive
Officer of Lottery.com.
Lottery.com has been actively working on expanding its
international presence and along with other expansion announcements
made earlier this year, plans to announce more territories in the
coming weeks.
On November 19, 2020, Lottery.com announced a binding
letter of intent to combine with Trident Acquisitions
Corp. (NASDAQ: TDACU, TDAC, TDACW), which would make Lottery.com a
publicly-traded company on The Nasdaq Stock Market.
About Lottery.comLottery.com
is an Austin, TX-based company enabling consumers to play
state-sanctioned lottery games from their home or on the go in the
US, and select lottery products internationally. The Company works
closely with state regulators to advance the lottery industry,
providing increased revenues and better regulatory capabilities,
while capturing untapped market share, including millennial
players. Lottery.com is also gamifying charitable giving to
fundamentally change how nonprofits engage with their donors and
raise funds. Through their WinTogether.org platform, they offer
charitable donation sweepstakes to incentivize donors to take
action by offering once in a lifetime experiences and large cash
prizes.
Important Information and Where to Find itIn
connection with the proposed business combination, Trident
Acquisitions Corp. (“Trident”), expects to file a preliminary proxy
statement (the "Proxy Statement") with the SEC for the solicitation
of proxies from Trident's shareholders. Additionally, Trident and
Lottery.com Holdings will file other relevant materials with the
SEC in connection with the business combination. Copies may be
obtained free of charge at the SEC's web site at www.sec.gov. A
definitive proxy statement will be mailed to Trident shareholders
as of a record date to be established for voting on the proposed
business combination. Investors and security holders of Trident are
urged to read the proxy statement and the other relevant materials
when they become available before making any voting decision with
respect to the proposed business combination because they will
contain important information about the business combination and
the parties to the business combination. The information contained
on, or that may be accessed through, the websites referenced in
this press release is not incorporated by reference into, and is
not a part of, this press release.
Participants in the SolicitationTrident and its
directors and officers may be deemed participants in the
solicitation of proxies of Trident's shareholders in connection
with the proposed business combination. Lottery.com and its
officers and directors may also be deemed participants in such
solicitation. Security holders may obtain more detailed information
regarding the names, affiliations and interests of certain of
Trident's executive officers and directors in the solicitation by
reading Trident's Annual Report on Form 10-K for the fiscal year
ended December 31, 2019, and the Proxy Statement and other relevant
materials filed with the SEC in connection with the business
combination when they become available. Information concerning the
interests of Trident's participants in the solicitation, which may,
in some cases, be different than those of their stockholders
generally, will be set forth in the proxy statement relating to the
business combination when it becomes available.
No Offer or SolicitationThis communication does
not constitute an offer to sell or the solicitation of an offer to
buy any securities or constitute a solicitation of any vote or
approval.
Lottery.com Contact:Cody Billingsley(512)
537-5713cody@lottery.com
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