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Lotto24 predicts wider loss in 2014 as marketing costs rise

14th May 2014 7:03 am GMT

German online lottery brokerage Lotto24 says it expects to post a larger loss in 2014 than in the previous year due to a strong increase in marketing expenditure, despite posting a 750 per cent increase in first quarter revenue.

Lotto24 described the first quarter performance as a “very promising start” to the year following a successful 2013, with billings and revenue well in excess of the prior year period and in line with expectations.

Total billings amounted [...]

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