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UK-based lottery service provider Zeal Network has inched closer to the acquisition of Lotto24, the largest lottery broker of Germany. The Lower Saxony Ministry of the Interior okayed Zeal’s request to launch lottery brokerage services through its Tipp24 domains.
The Ministry has allowed Lotto24 a supplement to its existing brokerage permit covering the Tipp24. It means that players can purchase tickets for Germany’s state lotteries via the Tipp24.de and dot.com sites.
This paves the way for Zeal to pivot Tipp24 away from lottery betting and into brokerage, a significant condition of its proposed acquisition of its former Lotto24 subsidiary.
“This is a key building block in our journey to reunite with Lotto24, transform ZEAL’s core German business model and accelerate growth in the online lottery market in Germany and beyond,” Zeal chief executive Dr Helmut Becker said. “It is good news for customers, shareholders and the German Federal States and their lottery beneficiaries.
“We look forward to working in partnership with Germany’s state lotteries and thank the authorities and the Gambling Council for their supportive and collaborative approach,” he added. “We encourage Lotto24 shareholders to continue tendering their shares and to join us on this exciting journey.”
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Zeal Network closer to launching lottery brokerage through Tipp24 domains
