FORT WORTH, Texas, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Sports Entertainment Gaming Global Corporation ...


FORT WORTH, Texas, Feb.  13, 2026  (GLOBE NEWSWIRE) -- Sports Entertainment Gaming Global Corporation (NASDAQ: SEGG, LTRYW) (the “Company” or “SEGG Media”), the global sports, entertainment, and gaming group, today announced that it has agreed to binding terms to acquire at least a majority interest in Veloce Media Group ("Veloce"), one of the fastest-growing and market leading platforms operating at the intersection of sport, gaming and digital media.    The completion date for consummating the acquisition is set for Tuesday, February 17, 2026, which will result in SEGG Media acquiring a controlling interest of Veloce, enabling consolidation for accounting and reporting purposes and direct control. The transaction values Veloce at approximately $61 million (£45 million) and is projected to contribute in excess of $20 million in additional annual revenue which will begin to be reported in the first quarter of 2026. SEGG Media's management views Veloce as a foundational international platform that aligns with the Company’s strategy of acquiring cash-generative, media-driven sports assets capable of scaling across sponsorship, content, and commerce.  The acquisition of Veloce will be completed through a blend of cash consideration and SEGG Media common shares priced at $10 per share. The Veloce acquisition is one that the Company has been hyper-focused on for months and completing the transaction is a paradigm shift for SEGG Media and its shareholders. The targeted acquisition of Veloce by SEGG Media signals the Company's rapid evolution into a diversified global sports and media group.  Veloce's recent acquisition of Quadrant, co-founded by the current Formula 1 Champion Lando Norris, is a significant and rapidly growing gaming and lifestyle company. With a portfolio of blue-chip commercial partners and direct revenue generation in apparel and product sales the Quadrant business will continue to play a key role in the revenue growth of Veloce and SEGG Media.  Darryl Eales, Veloce Director and investor and formerly CEO of Lloyd’s Development Capital, commented: “I’m truly excited by the potential of the Veloce and SEGG partnership. High-quality, driven, and aligned management teams are crucial for the delivery of strong shareholder value creation. The combined leadership creates a powerful platform for significant and rapid growth, underpinned by both SEGG’s exciting brands and well-founded sports and entertainment strategy and Veloce’s multi-stream revenue platform and strong financial performance.   “Both the Veloce team and the SEGG Board have remained relentless in executing the transaction - even as SEGG completed the final stages of its turnaround - driven by a combined belief in the significant scale of the opportunity that exists post-completion. With the combined value of Veloce, SEGG, and additional pipeline acquisitions, receiving consideration in $10 SEGG stock represents significant upside for Veloce shareholders.”  Daniel Bailey, CEO of Veloce Media Group, said: “This acquisition represents a defining moment not only for Veloce, but for SEGG Media as a group. From the outset, it was clear that our businesses share a common vision for building a global, digitally led sports media platform with ambition and long-term commercial strength.  “The combination of SEGG Media’s access to public markets and strategic focus with Veloce’s brands, partnerships and proven revenue model creates a powerful foundation for accelerated expansion.”  Veloce’s ecosystem spans championship-winning esports teams, athlete-led content platforms, sustainable motorsport series, and a commercial portfolio supported by global brands including McLaren, Revolut, VISA, LEGO, Microsoft, Hilton, E.ON, and Thrustmaster.Driving over 500 million views per month, Veloce brings with it rapidly growing and diversified revenue streams across digital content, esports, motorsport and brand partnerships, reporting $17.5 million (£12.8 million) in revenue for its latest reported financial period.  Since the start of 2026, SEGG Media’s strategy has been firmly focused on executing fundamental acquisitions designed to accelerate its growth by establishing a scalable and profitable revenue-generating platform. The integration of Veloce’s business and revenue positions SEGG Media to capitalize on accelerating global demand across sport, media, gaming and digital entertainment, with a clear focus on creating genuine value to the Company driven by consistently improving return on invested capital (ROIC) and sustaining high-quality revenue growth with higher profit margins.  Robert Stubblefield, CFO and Interim CEO and President of SEGG Media, said: “The acquisition of Veloce Media Group is a pivotal acquisition for the Company and a clear validation of the strategic direction we set at the start of 2026. Veloce delivers scale, rapidly growing revenues and high-quality commercial partnerships that materially strengthen our profile.  “This acquisition of Veloce and its subsidiary Quadrant springboards SEGG Media to immediately unlocking significant revenue for the Company, which creates long-term shareholder value especially as we integrate a best-in-class digital sports and media platform into the Company. Simply put, it’s a gamechanger!”  Closing is subject to final legal review, completion of definitive documentation, and customary closing conditions.  About SEGG Media CorporationSEGG Media (Nasdaq: SEGG, LTRYW) is a global sports, entertainment and gaming group operating a portfolio of digital assets including Sports.com, Concerts.com and Lottery.com. Focused on immersive fan engagement, ethical gaming and AI-driven live experiences, SEGG Media is redefining how global audiences interact with the content they love.  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, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” 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. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company 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 the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company’s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company’s ability to secure additional capital resources, the Company’s ability to continue as a going concern, the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company’s ability to regain compliance with the Bid Price Requirement, the Company’s ability to regain compliance with Nasdaq Listing Rules, the Company’s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company 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. 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. Except as otherwise required by applicable law, the Company 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.  A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e0e16f6-8dfd-4473-b8bd-9bbb0a429d6f This press release was published by a CLEAR® Verified individual. 
            

LTRYW

SEGG Media Unlocks $20M+ in Annual Revenue by Finalizing Terms to Secure Controlling Interest in Veloce Media Group

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>FORT WORTH, Texas, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Sports Entertainment Gaming Global Corporation ...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>SEGG Media is set to acquire Veloce Media Group for approximately $61 million, expected to boost annual revenue by over $20 million starting Q1 2026. This acquisition signifies a strategic transformation for SEGG Media toward a diversified sports and digital media platform, enhancing its competitive edge in a rapidly expanding market.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>SEGG Media acquires majority stake in Veloce Media Group.</li><li>Acquisition valued at approximately $61 million, expected to add $20 million in revenue.</li><li>Transaction completion set for February 17, 2026.</li><li>Veloce enhances SEGG&#039;s position in sports and digital media sectors.</li><li>This acquisition represents a strategic pivot for SEGG Media&#039;s growth.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Veloce Media Group (N/A)</strong>: Rapidly growing platform enhances SEGG&#039;s competitive positioning.</li><li><strong>Quadrant (N/A)</strong>: Significant acquisition by Veloce, adds innovative gaming element.</li><li><strong>Lando Norris (N/A)</strong>: Co-founder of Quadrant, boosts brand visibility to F1 fans.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This acquisition aligns with &#039;Corporate Developments&#039; as SEGG Media expands its portfolio strategically to enhance revenue streams in sports and media.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Acquisition expected to add over $20 million to annual revenue.</li><li>Completion date set for February 17, 2026, potential for short-term uptick.</li><li>Market reaction may improve as integration details emerge post-acquisition.</li><li>SEGG&#039;s stock price could benefit from Veloce&#039;s established brand partnerships.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Acquisition transaction valued at $61 million.</li><li>Projected revenue increase of $20 million annually.</li><li>Completion set for February 17, 2026.</li><li>Veloce reported $17.5 million in revenue in latest financial period.</li><li>SEGG Media operates sports, entertainment, and gaming assets.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>LTRYW is likely to experience upward momentum as market recognizes growth potential from Veloce acquisition in Q1 2026.</p>
  </section>
</section>


<article>
    <h2>SEGG Media Acquires Controlling Interest in Veloce Media Group, Unlocks $20M in Annual Revenue</h2>
    <p>FORT WORTH, Texas, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Sports Entertainment Gaming Global Corporation (NASDAQ: SEGG, <strong>LTRYW</strong>), a leader in the global sports, entertainment, and gaming industries, has announced its agreement to acquire a majority interest in Veloce Media Group ("Veloce"). This acquisition, set to conclude on February 17, 2026, positions SEGG Media to gain direct control over Veloce, enhancing its consolidated reporting and operational capabilities.</p>

    <h3>Transaction Overview and Financial Impact</h3>
    <p>The acquisition values Veloce at approximately <strong>$61 million (£45 million)</strong> and is anticipated to generate more than <strong>$20 million</strong> in additional annual revenue, commencing from the first quarter of 2026. SEGG Media's management regards Veloce as a strategic asset that aligns with their objective of acquiring media-driven sports entities capable of scaling across sponsorship, content, and commerce.</p>
    <p>Financing for this acquisition will involve a combination of cash and SEGG Media common shares priced at <strong>$10 per share</strong>. This strategic purchase reflects SEGG Media's commitment to evolving into a diversified sports and media group, indicating significant growth potential for shareholders.</p>

    <h3>Synergistic Growth through Veloce's Ecosystem</h3>
    <p>The acquisition of Veloce also includes its recent purchase of Quadrant, co-founded by Formula 1 Champion Lando Norris, enhancing its profile as a rapidly growing lifestyle and gaming company. With a solid foundation of blue-chip partners and direct revenue streams from apparel and product sales, Quadrant is expected to contribute significantly to Veloce and SEGG Media's revenue growth further.</p>

    <h3>Leadership Insights on the Acquisition</h3>
    <p>Darryl Eales, Veloce Director and investor, emphasized the excitement surrounding the new partnership. He stated, <em>“High-quality, driven, and aligned management teams are crucial for the delivery of strong shareholder value creation.”</em> Eales underscored the importance of both companies working diligently to execute the acquisition, showcasing a shared vision for the future.</p>

    <p>Daniel Bailey, CEO of Veloce Media Group, called this acquisition a <em>“defining moment”</em> for both organizations, noting the alignment in vision to build a global, digitally-driven sports media platform with robust commercial strength.</p>

    <h3>Veloce's Revenue and Market Performance</h3>
    <p>Veloce brings with it a thriving ecosystem, incorporating championship-winning esports teams, athlete-led content platforms, and sustainable motorsport series. Notably, the company boasts a commercial portfolio supported by global brands such as McLaren, VISA, Microsoft, and LEGO, and achieved <strong>$17.5 million (£12.8 million)</strong> in revenue during its latest financial period.</p>
    <p>This acquisition is expected to bolster SEGG Media's overall strategy, allowing it to tap into the increasing global demand for sport, media, gaming, and digital entertainment, while enhancing revenue generation and return on invested capital (ROIC).</p>

    <h3>Management Perspectives on Future Directions</h3>
    <p>Robert Stubblefield, CFO and Interim CEO of SEGG Media, remarked on the pivotal nature of this acquisition: <em>“Veloce delivers scale, rapidly growing revenues, and high-quality commercial partnerships that materially strengthen our profile.”</em> He believes that integrating Veloce and its subsidiary Quadrant will unlock significant revenue potential, ultimately creating long-term shareholder value.</p>
    
    <h3>Conclusion</h3>
    <p>The closing of this acquisition is contingent upon legal reviews, completion of definitive documentation, and standard closing conditions. As SEGG Media (NASDAQ: SEGG, <strong>LTRYW</strong>) continues to redefine its market presence, the acquisition of Veloce Media Group is positioned to be a game-changer within the industry.</p>
    
    <h3>About SEGG Media Corporation</h3>
    <p>SEGG Media operates a diverse portfolio that includes Sports.com, Concerts.com, and Lottery.com. The company remains committed to enhancing fan engagement and ethical gaming through AI-driven live experiences.</p>
    
    <h3>Forward-Looking Statements</h3>
    <p>This press release includes “forward-looking statements” according to the Securities Act and Securities Exchange Act. The statements regarding future operations and financial performance are based on current expectations and assumptions.</p>
</article>

SEGG Media is set to acquire Veloce Media Group for approximately $61 million, expected to boost annual revenue by over $20 million starting Q1 2026. This acquisition signifies a strategic transformation for SEGG Media toward a diversified sports and digital media platform, enhancing its competitive edge in a rapidly expanding market.

SEGG Media Unlocks $20M+ in Annual Revenue by Finalizing Terms to Secure Controlling Interest in Veloce Media Group

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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