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Lottoland acquires 7% stake in Jumbo Interactive

25th April 2017 12:31 pm GMT

Gibraltar-based lottery betting operator Lottoland has expanded its presence in Australia with the acquisition of a minor stake in Sydney-listed operator Jumbo Interactive.

In a filing with the Australian Securities Exchange (ASX) Monday, Jumbo confirmed that Lottoland had purchased 3,117,224 shares in the company, equivalent to a 7.07 per cent stake in the business.

At Friday's closing price of AUD$2.44 per share, this values the deal at around $7.6m. Jumbo's shares subsequently [...]

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