Sports Entertainment Gaming Global Corporation ("SEGG Media" or the "Company") (NASDAQ:SEGG, LTRYW))) today announced it has amended its previously disclosed lawsuit against White Diamond Research LLC ("White Diamond") and Adam Gefvert ("Gefvert," together with White Diamond, the "Defendants"), increasing the damages sought from $20 million to $35 million.

The amended petition was filed today in Tarrant County District Court in the previously disclosed action, Sports Entertainment Gaming Global Corporation v. White Diamond Research LLC and Adam Gefvert, Cause No. 352-379280-26. The Company originally filed suit on June 26, 2026, alleging the Defendants published false, misleading and disparaging statements about SEGG Media with malice as part of what it believes was a coordinated "short and distort" scheme following White Diamond's June 10, 2026 report.

The Company believes the increased damages are warranted because its stock price has continued to decline since the original petition was filed, reflecting the ongoing impact of the Defendants' statements on investor confidence and the market for its securities. The Company intends to present evidence of these damages to the Court.