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.

Premium subscribers continue here to the full article.

Related

GIQ Magazine Digital Edition