Lottery.com Inc. Accelerates Global Expansion with Strategic Acquisition Plan – Major Developments in Sports Media and Lottery Market Expansion
Lottery.com Inc. is making significant strides in its global expansion efforts with the engagement of Cohen & Company Capital Markets (CCM) as its financial advisor to oversee and structure its acquisition strategy. This move is supported by a $150 million loan facility from United Capital Investments Limited (UCIL) and strategic investors like Prosperity Investment Management.
The company’s “buy and build” strategy aims to enhance its product offerings and market reach through potential acquisitions and business combinations. With CCM’s assistance, Lottery.com is targeting a pipeline of acquisitions over the next 12 months to strengthen both domestic and international operations, as well as enhance technological capabilities.
Lottery.com is also focusing on developing Sports.com into a fully immersive streaming platform for sports fans worldwide. This initiative will include live streaming of motor sports events across the US, Europe, and the Middle East, as well as mainstream American sports like NFL, NBA, MLS, and USL. The Sports.com app, available on Apple and Google App Stores, aims to enhance user access and engagement.
In addition to its sports media endeavors, Lottery.com is looking to enter the soccer market by potentially acquiring certain soccer clubs with the assistance of CCM. This move aligns with the company’s goal to grow its brands using the Sports.com platform.
Marc Bircham, Director of Sports.com, expressed his excitement about working with CCM to lead the Sports.com acquisition program. He highlighted the focus on acquiring a UK football club this year, with the aim of further developing and growing the brand.
Lottery.com CEO and President Matthew McGahan emphasized the importance of partnering with CCM to expand globally through strategic acquisitions. He highlighted the company’s vision to revolutionize fan engagement through live event streaming on the Sports.com platform and reach new markets in the sports media sector.
By leveraging CCM’s expertise, Lottery.com aims to identify and capitalize on new opportunities that align with its mission of creating a more connected and engaging experience for lottery and sports fans worldwide. The company plans to utilize the UCIL $150 million loan facility and new capital structures introduced by CCM to support its acquisition strategy.
Overall, Lottery.com’s partnership with CCM and its focus on acquisitions and strategic alliances in the lottery and sports media sectors position the company for continued growth and innovation in the global market. With a strong financial backing and a clear strategic vision, Lottery.com is poised to make a significant impact in the industry.