{"id":937499,"date":"2026-02-17T14:01:06","date_gmt":"2026-02-17T19:01:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/segg-media-closes-61m-veloce-acquisition-adds-20m-in-annual-revenue-and-strengthens-revenue-base\/"},"modified":"2026-02-17T14:01:06","modified_gmt":"2026-02-17T19:01:06","slug":"segg-media-closes-61m-veloce-acquisition-adds-20m-in-annual-revenue-and-strengthens-revenue-base","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/segg-media-closes-61m-veloce-acquisition-adds-20m-in-annual-revenue-and-strengthens-revenue-base\/","title":{"rendered":"SEGG Media Closes $61M Veloce Acquisition, Adds $20M+ in Annual Revenue and Strengthens Revenue Base"},"content":{"rendered":"
\n

\n Veloce Closing<\/a>\n <\/p>\n

\n A Media Snippet accompanying this announcement is available by clicking on this link.<\/a>\n <\/p>\n

FORT WORTH, Texas, Feb. 17, 2026 (GLOBE NEWSWIRE) — Sports Entertainment Gaming Global Corporation (NASDAQ: SEGG, LTRYW) (the \u201cCompany\u201d or \u201cSEGG Media\u201d) today announces the successful completion of its previously disclosed acquisition of a controlling interest in Veloce Media Group (\u201cVeloce\u201d), a leading global sports, gaming, and digital media platform.<\/p>\n

The acquisition, which values Veloce at approximately $61 million (\u00a345 million), was completed through a blend of cash consideration and SEGG Media equity. The transaction is projected to contribute more than $20 million in additional annual revenue which SEGG Media will begin recognizing and report in the first quarter of this year.<\/p>\n

This acquisition marks a significant inflection point in SEGG Media\u2019s strategic transformation into a scaled, revenue-generating global sports, entertainment, and gaming group. Completing on the acquisition of Veloce today demonstrates the current management\u2019s commitment to its shareholders and the wider investor public that the Company is performing on the growth strategy it recently disclosed.<\/p>\n

Under the terms of the deal, consideration for the acquisition is a combination of cash and SEGG Media shares priced at $10 per share, highlights the shared belief by SEGG Media\u2019s Board and Veloce\u2019s selling shareholders that SEGG Media\u2019s current share price is grossly undervalued. The structure of the transaction aligns all stakeholders around value creation and sustainable value creation.<\/p>\n

\n Revenue Scale and Valuation Context<\/strong>\n <\/p>\n

Based on reportable incremental revenue of more than $20 million annually from Veloce alone, SEGG Media\u2019s pro forma revenue profile meaningfully grows. Recent market capitalization levels are far below the implied revenue multiple, which should be considered along with the value of the Company\u2019s four domain names and other assets.<\/p>\n

Management believes the transaction substantially improves the Company\u2019s revenue-to-market-cap ratio, positioning SEGG Media more comparably with scaled digital media and sports entertainment platforms that trade at materially higher revenue multiples. As Veloce\u2019s operating results are consolidated and reflected in reported financials, the Company will leverage improved scale and operating metrics to provide investors with a clearer framework for valuation assessment.<\/p>\n

\n
\n Daniel Bailey, CEO of Veloce Media Group:<\/em>
\n <\/strong>
\n \u201cI am delighted to work closely with the wider leadership team to help deliver the next phase of growth. Joining SEGG Media at this pivotal moment is an exciting step for Veloce and our global community. Together, we are building a scaled, future-focused platform with significant opportunity to accelerate growth and deliver long-term value.\u201d<\/em>\n <\/p>\n

\n
\n Robert Stubblefield<\/em>
\n <\/strong>
\n
\n , CFO and Interim CEO and President <\/em>
\n <\/strong>
\n
\n of SEGG Media:<\/em>
\n <\/strong>
\n \u201cClosing the Veloce acquisition on schedule is a paradigm shift for SEGG Media. This acquisition strengthens our top line revenue, expands our global footprint, and enhances our ability to drive measurable financial performance for shareholders.\u201d<\/em>\n <\/p>\n

\n Strategic Implications for Shareholders<\/strong>\n <\/p>\n

Veloce\u2019s combined platform immediately positions SEGG Media with:<\/p>\n