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Zeal Network lowers full year guidance after €15m prize payout

14th March 2017 7:25 am GMT

Frankfurt-listed online lottery broker Zeal Network has reduced its guidance for its 2017 financial year after a player won approximately €15m in a secondary lottery held by the company's MyLotto24 subsidiary.

The company said that while the pay-out amount falls within the self-retention specified in MyLotto24's hedging instruments, Zeal's revenue and earnings for 2017 would be impacted by the €15m jackpot win.

"While statistical fluctuations are inherent to the secondary lottery business [...]

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