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Tipp24 Cuts €22m from Forecast as Insurer Refuses Claim

28th January 2010 7:50 am GMT

Online lottery provider Tipp24 said this week that its insurance company is refusing to pay out on a claim filed in connection with the €31.7 million winning payment which it made last September, causing Tipp24 to again restate its consolidated EBIT forecast for the 2009 fiscal year to €21 million, a drop of €22 million on the previous forecast.

MyLotto24 said that it considers the refusal by its insurance company Münchener Rück to pay the claim [...]

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