Lottery.com gets another official warning by NASDAQ as site appears outdated
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A listed lottery business has been unable to file its quarterly statement in accordance with the US Securities and Exchange Commission (SEC).
The publicly-traded company, Lottery.com, explained it had not completed an evaluation of accounting controls as a reason for the delay.
This is the same explanation the operator gave for missing its second quarter results earlier this year, reported iGaming Business.
The lottery company is one of many which accept money from the public to play lottery games on their behalf.
Their website details on Google search says:
“Lottery.com ensures safety by utilizing industry-leading technology that verifies your identity, age, and location to provide the best and most secure mobile lottery experience.”
“Easy Cashouts: Get all your winnings delivered right to your bank account, safely and securely, when you win!”
As of today, the company’s landing page was showing expired timers and incorrect jackpot figures for Mega Millions, Powerball, Lotto America and Lucky For Life.
Clicking on any of the links gave an ‘application error’ message.
Our engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games.
Fans and subscribers look to us for compelling, real-time results on more than 800 lottery games from more than 40 countries.
Additionally, through WinTogether.org, we are fundamentally changing how non-profit donors are incentivized to action by gamifying charitable giving.
In all that we do, our 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.
iGB reported that Lottery.com claimed it is working towards filing Form 10-Q for the third quarter as soon as possible. The late filing means the operator remains out of compliance with Nasdaq rules.
Lottery.com has had a turbulent 2022 year which began in July when both the president and Chief Financial Officer were sacked.
This was because of instances of non-compliance with state and federal laws.
READ MORE: iGaming Business
