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Inability to pay staff sees Lottery.com shares lose over 60%

1st August 2022 8:51 am GMT
Lottery.com

Shares in New York-listed Lottery.com lost more than 60 per cent of their value on Friday after the company announced that it is unable to meet its payroll obligations.

The company owes approximately $425,000 in outstanding payroll and said that it would begin to furlough certain employees with immediate effect.

“The Company’s inability to pay this amount may result in employees terminating their relationship with the Company and/or pursuing legal remedies,” Lottery.com warned in a statement Friday.

“Since [...]

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