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Lotto24 posts fourth consecutive annual loss despite 2015 growth

24th March 2016 7:09 am GMT

German online lottery broker Lotto24 has recorded a net loss of €10.8m for the full 2015 year, despite a successful year of trading which saw revenue increase by 75 per cent to €13.5m.

Lotto24, a provider of state-licensed lotteries via the internet, said that billings were up by 67 per cent year-on-year, with gross margin improving to 9.9 per cent, up from 9.5 per cent the previous year. With this growth, Lotto24 claimed that it had increased [...]

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