German online lottery brokerage Lotto24 has posted a net loss of €7.5m for the first half of 2014, with the company’s results burdened by high advertising costs and an increase in operating expenses.
Lotto24 said that despite a “more challenging” market environment compared to last year, the company succeeded in stabilising and improving its results with revenue soaring 411 per cent to €3.4m, from total billings of €36.7m.
At the end of the period, the company had [...]
