Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the
“Company”), a leading online lottery services provider announces a
software purchase agreement (the “Agreement”) with WA.Technology, a
prominent B2B iGaming solutions provider. The announcement was made
at ICE London 2024.
The Agreement, combined with an operational partnership, will
expand Lottery.com's operations across Africa, the Pacific Region,
Brazil, and other parts of Latin America, marking a new era in its
global growth strategy.
Under this alliance, WA.Technology will leverage its
comprehensive iGaming platform solutions and operational expertise
to support Lottery.com's expansion. This collaboration includes a
suite of services ranging from affiliate and lead generation
strategies to comprehensive legal, compliance, regulatory, and
financial management. The aim is to grow the Lottery.com brand and
its earning potential in global markets over the coming years.
The global lottery industry is experiencing significant growth,
fueled by the rise of mobile and online lottery sales.
WA.Technology, with its advanced WA.Lottery solutions, is
well-positioned to assist Lottery.com in capturing new
opportunities and enhancing its presence in targeted markets.
Tim Scoffham, CEO of WA.Technology, expressed his
excitement about the partnership:
"This is a fantastic step in the journey of WA.Technology, and
we are excited to be on board with this esteemed lottery brand. We
love their vision for creating a global destination for lotteries
and are thrilled that Lottery.com has chosen us to be their
operational partner. With over 200 team members worldwide, we are
perfectly positioned to support and help them achieve their goals
and see their vision come to life."
Matthew McGahan, CEO and Chairman of Lottery.com,
added:
“Our new relationship with WA.Technology marks a pivotal moment
in Lottery.com's growth strategy, especially in the burgeoning
South American market. By leveraging WA's operational efficiencies
and proven expertise in this region, we are poised to significantly
enhance our global footprint. This collaboration allows us to
concentrate more effectively on US ticket operations, the relaunch
of the WinTogether sweepstakes business, and the roll-out of
Sports.com.
“We are confident that our purchase of WA.Technology’s robust
platform and its comprehensive iGaming solutions will complement
our vision for global expansion, helping to make Lottery.com a
household name in the lottery domain worldwide.”
The Agreement reflects Lottery.com’s commitment to global
expansion and its ability to deliver tailored solutions in diverse
global markets. WA.Technology's lottery vertical, WA.Lottery,
offers a unique toolkit for new lottery ventures, featuring a
diverse range of over 70 global lotteries, personalized gaming
options, and e-commerce platforms. These are complemented by an
intelligent management system designed to enhance user engagement
and scale to meet the needs of any lottery business.
Lottery.com Contact:
ir@lottery.com
Lottery.com is a leading technology company that
is transforming how, where and when lottery is played. Its engaging
mobile and online platforms enable players and commercial partners
located in the United States and internationally to remotely
purchase legally sanctioned lottery games. Fans and subscribers
look to Lottery.com for compelling, real-time results on more than
800 lottery games from more than 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.
About WA.Technology
WA.Technology is a B2B iGaming solutions provider offering a
state-of-the-art iGaming WA.Platform, bespoke turnkey solutions,
standalone products, and expert iGaming services across various
verticals including WA.Sports, WA.Casino, WA.Fantasy, WA.Lottery,
and WA.Poker. WA.Platform is a fully scalable and customizable
solution encompassing over 70 game providers, 6800+ games, and more
than 80 payment methods. For more information, visit
watechnology.com or contact hello@watechnology.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) Lottery.com’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 Lottery.com’s accounting staffing
levels; (iii) the effects of competition on Lottery.com’s future
business; (iv) risks related to Lottery.com’s dependence on its
intellectual property and the risk that Lottery.com’s technology
could have undetected defects or errors; (v) changes in applicable
laws or regulations; (vi) risks related to the COVID-19 pandemic
and its 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
Lottery.com 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 with the SEC under the heading “Risk Factors”
and the other documents filed, or to be filed, by Lottery.com 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.
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