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Tag Archives: Lotto24

Germany – ZEAL completes acquisition of Lotto24

ZEAL Network has successfully completed the acquisition of Lotto24 AG, Germany’s leading online provider of state-run lotteries, by way of an all-share public takeover. The transaction was supported from the outset by major shareholders holding approximately 65 per cent of Lotto24 shares and following the approval by the extraordinary general meeting of ZEAL on January…

Germany – Zeal boosted by Lower Saxony Ministry lottery tweak

ZEAL Network believes it has reached another major milestone in its planned takeover of Germany’s Lotto24, after the Lower Saxony Ministry of the Interior granted Lotto24 a supplement to its existing brokerage permit which allows for lottery tickets to be sold via the domains of Tipp24 on behalf of the German state lottery companies. This…

Germany – LottoLand and Zeal at loggerheads over proposed Lotto24 purchase

Online lottery companies LottoLand and Zeal Network are locked in a very public spat with regards to Zeal’s proposed purchase of German competitor Lotto24. Lottoland, a shareholder of less than three per cent in Zeal, has urged other shareholders to reject the deal claiming it would lead to ‘value destruction’ for all Zeal shareholders. LottoLand…