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Tag Archives: Zeal

Germany – Zeal enjoys ‘good start’ to 2021 with 156,000 new German customers

German online operator ZEAL said it has made a ‘good start’ to its fiscal year 2021 with ‘increased billings and revenue’ and ‘strong gross margin achieved’ meaning its profitability is ‘significantly improved.’ Although the coronavirus continues to hold the world firmly in its grip, the ZEAL Group has made a good start to its fiscal…

Germany – Zeal approves relocation back to Germany

Zeal Network SE, the online provider of state lotteries in Germany, agreed the planned relocation of the company’s registered office from the United Kingdom back to Germany in the course of the takeover of Lotto24 AG. The move was approved by 99.9 per cent at a General Meeting in London on September 25. The relocation…

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 – Zeal rejects LottoLand’s offer for Tipp24

ZEAL Network has slammed an offer from Lottoland Holdings for its German Tipp24 brand as ‘significantly inadequate’ and an ‘attempt to get our German assets on the cheap.’ The cash purchase price offered by Lottoland ranges from E60m to E76m. Dr Helmut Becker, CEO, ZEAL, said: ‘The indicative offer from Lottoland is an attempt to…

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…

Germany – Zeal sets sights on Germany with Lotto24 bid

ZEAL Network is making a play for Germany’s largest private digital lottery broker, Lotto24 AG as it looks to create a digital lottery group with currently more than 5m combined customers globally, current combined billings of about €500m, and a diverse international footprint. The all-share takeover delivers significant benefits for shareholders with expected cost synergies…

Norway – ZEAL to go live in Norway and the Netherlands

Lottovate Limited in Norway and Lottovate Nederland in Holland, both wholly-owned subsidiaries of ZEAL Network SE, are about to launch innovative lottery products in their respective markets. In Norway, Lottovate has entered into a partnership with one of the world’s largest charities, UNICEF. The Norwegian Regulator has approved the Lottovate/UNICEF Norway application, making Lottovate one…

Ireland – MyLotto24 launches its online lottery business in Ireland

MyLotto24 Ltd, a fully consolidated minority shareholding of ZEAL Network SE, launched its state-of-the-art online lottery business in Ireland on March 20 2017 under a licence obtained in 2016. A primary focus of the Group’s internationalisation strategy is to expand into new marketable territories. Ireland is a perfect example of this. Allan Turner, Country Manager…