Lottery.com Expands Global Horizons with Acquisition of Nook Holdings
In a significant move for its international strategy, Lottery.com Inc. (NASDAQ: LTRY, LTRYW) has announced an amended Stock Purchase Agreement to acquire Nook Holdings Limited, a cutting-edge sports, health, and wellness incubator based in Dubai, UAE. This acquisition, valued at approximately $2.5 million, is an all-cash deal, reflecting Lottery.com’s commitment to expanding its influence in the realms of sports and wellness. With this purchase, the Company will control a substantial 90% stake in Nook, expected to close by June 30, 2025.
Inside the Nook Co-Working Space
Founded by Ravi Bhusari, Nook has blossomed into a cornerstone of the UAE’s sports and wellness sector over the past five years. Designed to support startups and small businesses, Nook provides vital resources for establishing operations, acquiring licenses, registering for VAT, and gaining community support. Its collaboration with Dubai’s DMCC Free Zone and its prime location at One JLT positions it as a premier hub for aspiring sports entrepreneurs throughout the region.
Nook is located at One JLT in Dubai
Ravi Bhusari, Founder of Nook, shared his insights:
“This will be a defining moment for Nook. We have worked hard over the past few years to build a space that truly serves the needs of the sports and wellness community. Partnering with Lottery.com, a visionary brand with global ambitions, unlocks tremendous opportunities for our members.”
Transforming Nook into a Launchpad for Sports Innovation
Once the acquisition is finalized, Lottery.com will operate its international sports business segments from within the Nook premises. This transformation aims to position the site as a dynamic gateway for sports innovation, investment, and community integration. Maintaining its role as a premium co-working space and business incubator, Nook will enhance connections between early-stage sports businesses and the broader Sports.com ecosystem.
Matthew McGahan, Chairman and CEO of Lottery.com and Sports.com, expressed his excitement:
“Nook is not just a workspace — it’s a thriving community of sports and wellness entrepreneurs. It aligns perfectly with our vision for Sports.com as a global platform for innovation and impact. With a successful track record of generating profitable revenue and a stellar reputation, it is the ideal location to continue the global presence of the Sports.com brand.”
Mark Bircham, Director of Lottery.com, also emphasized the importance of this acquisition:
“I’ve had the privilege of working closely with the Nook team over the past six months to bring this deal to completion. The quality of the businesses operating at Nook and the energy of the ecosystem they’ve built made it absolutely worth the wait. We are ready to roll up our sleeves and begin supporting these companies with everything Sports.com has to offer, from networking and licensing to investment and acquisition opportunities.”
About Lottery.com
Lottery.com Inc. (NASDAQ: LTRY, LTRYW) encompasses a family of brands — including Sports.com, Tinbu, and WinTogether — that integrate gaming, entertainment, and sports into a unified ecosystem. Their focus lies in harnessing technology to create engaging experiences within the gaming space.
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Forward-Looking Statements
This press release includes forward-looking statements, as defined by various securities laws, which pertain to the Company’s strategy, prospects, and operational performance. Such statements can be identified by terms such as “will,” “anticipate,” and “expect.” These statements are based on current expectations, assumptions, and information regarding future events. Lottery.com cautions that these projections could differ materially due to risks and uncertainties, including those described in its SEC filings.
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