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Tipp24 cuts 2010 forecast as jackpot wins impact H1

5th August 2010 9:58 am GMT

Tipp24 said Thursday that the total amount paid out for secondary lottery winnings exceeded the statistical average by €17.9m during the first half of 2010, following a jackpot win of €11.7m at its subsidiary MyLotto24, leading the company to reduce its full year EBIT forecast by a half from at least €40m to €20m.

Tipp24 reported consolidated revenues of €40.6m for the six month period, a decline of 25 per cent year-on-year which the company said [...]

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