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Cost efficiencies boost Zeal bottom line as Q1 revenue drops 6%

8th May 2019 8:05 am GMT

Frankfurt-listed lottery provider Zeal Network has reported a 6 per cent drop in revenue to €36.5m for the first quarter of 2019 following the closure of its Lotto Network and Spanish-facing brand Ventura24.

Zeal said that Q1 provided a solid start to the year as the company makes progress on its acquisition of Lotto24 and the transformation of its core German business to digital lottery brokerage.

Results were impacted by the closure of Lotto Network and B2C brokerage [...]

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