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 €280.5m, with revenue (or total operating performance) climbing by 1 per cent compared to the previous year to €141.2m.

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