SEGG Media Corporation Completes $10 Million Acquisition of GXR Technology Assets

SEGG Media Corporation (NASDAQ: SEGG, LTRYW), known for its ownership of Sports.com, Concerts.com, and Lottery.com, has finalized a $10 million acquisition of technology assets and an active user base exceeding 1 million from GXR Racer Holdings Limited. This acquisition, the company's second in July, signifies a strategic move to bolster its digital offerings. The integration of GXR's platform with the Sports.com app is set to introduce the Sports.com Super App, a multifaceted digital ecosystem designed for sports enthusiasts. This new platform will feature live streaming, community hubs, social statistics, e-commerce, gaming, and real-time translations, aiming to redefine fan engagement.

Paul Roy, the founder and CEO of GXR, will join the newly formed entity as a Director, overseeing the Super App's development and launch. The app is scheduled for a phased global rollout starting in the third quarter of 2025. Matthew McGahan, Chairman and CEO of SEGG Media, highlighted the acquisition as a pivotal step towards achieving the company's vision of a unified, immersive sports and entertainment media platform. The Sports.com Super App is poised to capture a wide range of fan interactions, setting a new standard in digital sports engagement.

For further details on this acquisition, visit https://ibn.fm/AqckL. Additional information about SEGG Media Corporation and its initiatives can be found at http://ibn.fm/SEGG.