Tag Archives: Zeal
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…
UK – Numbers come in for lottery group Zeal
Lottery group ZEAL Group performed solidly in the first nine months of 2015 and the growth strategy is progressing in line with plan. Throughout the period the Group has expanded its product portfolio in the Business-to-Consumer segment and continues to make headway towards its strategic goals in the Business-to-Business/Business-to Government segment. Dr. Helmut Becker, Chief…
