Frankfurt-listed lottery specialist Zeal Network said Monday that it expects total revenue for 2018 to increase by as much as 13 per cent, having delivered a marginal improvement in revenue during 2017.
Zeal that its 2017 results exceeded guidance, despite an “exceptionally weak” jackpot environment during the third quarter, higher hedging costs as a result of rule changes to EuroMillions, and significant pay-outs including a €15m prize in Q1.
Total billings for the year remained constant at [...]
