Tamer Hassan appointed president of Sports.com Studios

LONDON - Actor and producer Tamer Hassan has been appointed president of Sports.com Studios, a newly formed content division of Lottery.com Inc. (NASDAQ: LTRY, LTRYW) focused on film, docuseries, and original programming, according to a company press release issued Tuesday. The micro-cap company, currently valued at $28.7 million, has seen its stock surge over 127% year-to-date, according to InvestingPro data.

Hassan, who has served as a director for Lottery.com since June 2023, brings over 25 years of experience in international film and television. He is known for roles in productions including "Layer Cake," "The Business," "The Football Factory," "Eastern Promises" and "Game of Thrones."

In his new role, Hassan will lead the division’s creative and strategic efforts to develop, produce and distribute sports-focused content. Sports.com Studios is currently in pre-production on several projects, including a documentary series about the acquisition and revival of a British football club.

"I’ve always believed in the power of sport and film to unite, inspire and tell real human stories," Hassan said in the statement.

Matthew McGahan, Chairman and CEO of Lottery.com, described Hassan as "uniquely suited to lead Sports.com Studios" due to his experience and connection to sports.

The new content division represents an expansion for Lottery.com, which describes itself as a technology company operating at the intersection of gaming, sports and entertainment. The company’s brand portfolio includes Sports.com, Tinbu and WinTogether.

The announcement comes as Lottery.com works to address various financial and regulatory challenges, including regaining compliance with Nasdaq listing requirements, as noted in the company’s forward-looking statements section of the press release. InvestingPro analysis reveals the company’s financial health score is currently rated as weak, with last twelve months revenue at $1.03 million and significant profitability challenges. For deeper insights into Lottery.com’s financial metrics and 13 additional ProTips, consider an InvestingPro subscription.

In other recent news, Lottery.com Inc. announced an amended agreement to acquire 90% of Nook Holdings Limited, a Dubai-based sports and wellness incubator, for approximately $2.5 million. The acquisition is expected to be completed by June 30, 2025. In a separate development, Lottery.com has initiated an investigation into potential illegal short selling of its stock, hiring Paul Hastings LLP to lead the inquiry. The company aims to address suspected dissemination of false information intended to devalue its shares. Additionally, a lawsuit against Lottery.com was voluntarily dismissed by the plaintiff, Dawn Nettles, indicating a lack of evidence of wrongdoing by the company. Meanwhile, Lottery.com-sponsored drivers showed resilience in recent motorsport events in Detroit, with Sebastian Murray achieving a career-best sixth place in INDY NXT by Firestone. Despite setbacks, the drivers’ performances were praised by CEO Matthew McGahan, highlighting the brand exposure gained from the events. These developments reflect Lottery.com’s ongoing efforts to expand its presence in various sectors and protect its market interests.

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