Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)
728x90 banner available here

Latest News

LOTTO24 AG achieves double-digit revenue growth from lotteries in 2023

Published

on

Reading Time: 3 minutes

 

  • Core business and customer base expanded, market share increased
  • Lottery revenue up by almost eleven percent
  • Billings and EBITDA increase by almost 17 and 29 percent respectively
  • Annual General Meeting convened on August 27 – resolution on squeeze-out]

LOTTO24 AG, a subsidiary of ZEAL Network SE and the German market leader in online lotteries, today published its annual report for 2023. The company can look back on a strong sales and earnings performance. In the past financial year, the company increased its billings by 16.7 percent to € 885.0 million (2022: € 758.4 million). Lottery revenue also increased by 10.8 percent to € 115.4 million (2022: € 104.2 million). In addition, LOTTO24 AG reached an important milestone in its business development with the launch of its online games offering, thus taking a significant next step in expanding its market leadership.

“In 2023, we further expanded our position as market leader and our brand awareness. We are proud of the fact that the LOTTO24 brand in particular has developed into a real hotbed of winners, producing more record winners last year than any other lottery provider in Germany,” comments Andrea Behrendt, CFO of LOTTO24 AG. “Our strong sales and earnings performance and our market share, which has grown to 41.4 percent, show that we are on the right track. In addition, our own product innovations were well received by our customers in the past financial year. Thanks to the positive business development, we are optimistic about the coming financial years.”

Strong EBITDA growth despite investment and expansion of the product portfolio

LOTTO24 AG gained 597 thousand customers in the past financial year (2022: 703 thousand). The year-on-year decline can be attributed to the significantly negative jackpot situation. Due to the company’s strategic decision to invest in brand development through increased TV advertising, marketing expenses were 5.5% higher than in the previous year at € 34.8 million (2022: € 33.0 million).

Despite the increased investment in brand development and the launch of online games, the company recorded a very strong EBITDA growth of 28.8% to € 33.0 million (2022: € 25.6 million).

Successful start for online games

In June 2023, LOTTO24 AG launched virtual slot games via the web stores of its LOTTO24 and Tipp24 brands, generating billings of € 41.6 million in its first year. Revenue generated with online games amounted to € 39.6 million.

Outlook for 2024

For the 2024 financial year, LOTTO24 AG plans to further expand its market leadership as an online provider of lottery products in Germany. The company expects revenue in the 2024 financial year to be in the range of € 267 million to € 277 million and EBITDA in the range of € 40 million to € 45 million.

Squeeze-out of LOTTO24 AG

LOTTO24 AG has today shared the invitation to its Annual General Meeting. This will take place on August 27, 2024 as an in-person meeting in Hamburg. The Management Board and Supervisory Board will propose to the Annual General Meeting the payment of a dividend of € 0.04 per share (2022: € 17.00).

The agenda also includes a resolution on the squeeze-out of the company’s minority shareholders. The main shareholder of LOTTO24 AG, ZEAL Network SE, has specified its transfer request of March 2024 and informed the Management Board of LOTTO24 AG that it has set the cash compensation for the intended transfer of the shares of the minority shareholders of LOTTO24 AG at € 479.25 per share. The amount of the cash compensation was determined by ZEAL Network SE on the basis of a company valuation carried out by KPMG AG Wirtschaftsprüfungsgesellschaft. The appropriateness of the cash compensation was confirmed by the court-appointed expert auditor ADKL AG Wirtschaftsprüfungsgesellschaft. The main shareholder holds around 95.45 percent of the share capital and voting rights of LOTTO24 AG.

 

The post LOTTO24 AG achieves double-digit revenue growth from lotteries in 2023 appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Prague Gaming & TECH Summit 2025 (25-26 March)
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Latest News

Betway become Official Betting Partner of the Alpine Hexagon Cup

Published

on

Reading Time: 2 minutes

 

Betway, a leading global online betting and gaming brand, has announced today a new agreement to become the Official Betting Partner of the current edition of the Alpine Hexagon Cup 2025.

The tournament will take place from January 29 to February 2 at the Madrid Arena, with a capacity for 12,000 people, and will be broadcast in Spain through the streaming platform DAZN and RTVE.

The competition, now in its second edition, will feature eight teams led by celebrities such as Eva Longoria, Andy Murray, the Rafa Nadal Academy, Robert Lewandowski, as well as this year’s new additions Sergio ‘Kun’ Agüero and Formula 1 driver Pierre Gasly. The tournament will also include players Arturo Coello and Agustin Tapia, the number one male pairing in the ranking, as well as Ariana Sánchez and Paula Josemaría, who also hold the top spot in the women’s ranking.

Maria Meseguer, General Manager of Betway Spain, commented: “We are very excited to announce our sponsorship of the Hexagon Cup and to add padel, the fastest growing sport in the world, to our sponsorship plan.”

“With padel increasing in popularity worldwide, especially in Spain, we are happy to be part of the continuous growth of this sport through our partnership with the Hexagon Cup.”

Astrid Thams, Commercial Managing Director of the Hexagon Cup, expressed: “We are undoubtedly very pleased to announce this sponsorship agreement with Betway. It is further evidence of the tournament’s growth. Padel is increasingly a valuable asset and, in this case, they are a reference in the sector. Hopefully, it will be a partnership that allows the event to continue developing at a great pace.”

Betway is a proud sponsor of numerous international sports events held in Spain, and has a prominent global sponsorship portfolio that extends to football, cricket, and tennis. It will continue to promote responsible gambling to ensure that all its customers bet in a fair, safe, and protected environment.

 

The post Betway become Official Betting Partner of the Alpine Hexagon Cup appeared first on European Gaming Industry News.

Continue Reading

Latest News

SG:certified extends BetComply partnership into new markets

Published

on

Reading Time: < 1 minute

 

SG:certified, the leading centralised regulatory platform for the gambling industry, has extended its partnership with BetComply to bring ComplyCheck into new markets, including Malta, Curaçao, Ontario and Estonia.

SG:certified first partnered with BetComply last year, to power ComplyCheck, a new self-assessment / audit hybrid tool created to help licence holders navigate regulatory requirements.

The tool is currently available in the Netherlands and the UK, with SG:certified and BetComply committed to bringing it to additional markets over the coming months.

Eric Hollreiser, Advisor at SG:certified, said: “The combination of the SG:certified platform with BetComply’s regulatory expertise is a gamechanger for operators. Demand for the product continues to grow, and this extension to our partnership with BetComply will enable us to deliver it in even more markets.”

Mike de Graaff, Chief Compliance Officer at BetComply, said: “Since we first partnered with SG:certified last year, we’ve had great success helping operators simplify and strengthen their compliance processes with ComplyCheck. Expanding it into new markets is a natural next step, and we couldn’t have a better partner than SG:certified to help us do just that.”

ComplyCheck combines unparalleled regulatory know-how from the BetComply team with SG:certified’s centralised regulatory platform to empower operators to navigate compliance in regulated markets and manage their licensing requirements with greater efficiency.

SG:certified and BetComply, both recently nominated for the prestigious European Compliance Technology Supplier award at the EGR Europe Awards 2025, will be showcasing their industry-leading ComplyCheck solution at ICE Barcelona on 20-22 January, 2025. Additionally, attendees can join their experts at SG:certified’s webinar on 15 January at 10:00am GMT, where industry leaders will preview innovations shaping a sustainable gambling future—register here.

 

The post SG:certified extends BetComply partnership into new markets appeared first on European Gaming Industry News.

Continue Reading

Latest News

Clemence Dujardin, MyAffiliates Group CEO, to speak at iGB Affiliate, Barcelona to highlight the Importance of Transparency

Published

on

Reading Time: 3 minutes

 

MyAffiliates, the leading* iGaming affiliate tracking software platform, announces that their Group CEO, Clemence Dujardin, will be a key speaker at the forthcoming iGB Affiliate 2025, Barcelona this month – sharing insightful words on the critical role of transparency between affiliates and operators, as part of a highly coveted inspirational panel.

Following over 13 highly successful years at MyAffiliates, Clemence Dujardin is highly regarded in the iGaming industry – and in 2023 was unveiled by iGB as one of the top 10 most influential women in the iGaming industry. Her formidable career has covered a number of industry sectors, including affiliate management and affiliate software technology companies before joining MyAffiliates, based in Malta, in 2012.

Other significant accolades include Malta’s Best Gaming Woman Leader of the Year in 2018 and 2019 and CEO Woman Of The Year at SiGMA in 2021.

Her panel speaker slot at the iGB Affiliate, Barcelona will take place at 15:15-16:00 on Wednesday 22nd January 2025 and is titled: ‘Trust and Transparency: What Does a Win-Win Affiliate Data Share Look Like?’

In iGaming, transparency can make or break partnerships; however, many affiliate relationships still lack transparency, leading to friction and mistrust. Sharing data and providing access to analytics is key, as it gives affiliates detailed insights into traffic sources, player behaviour, and campaign outcomes.

iGB Affiliate, Barcelona – part of the global gaming exhibition at Fira Barcelona Gran Via – takes place from 20-23 January 2025 and brings together over 8000 iGaming affiliates and operators, providing the ideal landscape for networking with industry leaders and peers. And, with over 200 exhibitors, it is a truly inspirational exhibition showcasing the latest products and services across the industry. Delegates can meet Clemence and learn more from her team on stand A60.

Other news from MyAffiliates includes the launch of a new, groundbreaking AI affiliate assistant – Boostbox by MyAffiliates. This revolutionary AI tool will help affiliates access brand data in a split of a second, giving them real time access on new promotions, bonus requirements, T&C updates and more. Boostbox by MyAffiliates generates unique content tailored to each brand and affiliate, helping affiliates save resources on research and content creation, allowing them to be reallocated to other tasks.

The team will also anticipate the results of the International Gaming Awards – following the MyAffiliates nomination in the highly competitive ‘Customer Service Company of the Year’ (Supplier) category.

Clemence Dujardin, Group CEO at MyAffiliates, comments, ”As the gaming industry continues to grow, 2024 has been an exceptionally strong year for us here at MyAffiliates. We’re excited to be visiting iGB Affiliate once again and provide delegates with the opportunity to trial our programmes first hand. Speaking alongside such strong thought-leaders will be inspirational and I look forward to learning from their insights on the panel. It should make for a great discussion.”

She continues, “As we continue to expand into new markets, whilst fostering our established partnerships with over 300 operators- and launching new features like our cutting edge BoostBox – we know 2025 is going to be huge. What better way to kick things off than at iGB Affiliate. We can’t wait. Put the date in your diary and we look forward to seeing you there.”

MyAffiliates has long been a powerhouse in affiliate marketing software, empowering iGaming operators to bring all their brands and products together under one seamless affiliate system. Since its launch in 2007, MyAffiliates has set the standard in the industry, becoming the go-to platform for iGaming operators.

For further information and details on BoostBox by MyAffiliates integration, set up a meeting with the team: calendly.com/milan-myaffiliates/igb-barcelona-2025?month=2025-01&date=2025-01-20 Or visit myaffiliates.com

*StatsDrone recognised MyAffiliates in April 2024 as the most-used affiliate marketing software in the gaming industry—solidifying its role as a trusted leader and innovator.

 

The post Clemence Dujardin, MyAffiliates Group CEO, to speak at iGB Affiliate, Barcelona to highlight the Importance of Transparency appeared first on European Gaming Industry News.

Continue Reading

Trending

EEGaming.org is part of HIPTHER, parent brand of various prominent news outlets and international conferences. These platforms and events span a wide range of industries, including Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports, and several others. This indicates that EEGaming.org is part of a larger network that focuses on a diverse array of sectors, particularly those related to cutting-edge technology and modern lifestyle trends.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2025 HIPTHER. All Rights Reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.