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Lottoland sells minority stake in Australia’s Jumbo Interactive

3rd July 2017 10:25 am GMT
Lottoland

Gibraltar-based lottery betting operator Lottoland has sold its minority stake in Sydney-listed operator Jumbo Interactive.

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

The shares were sold at AUD$2.55 per share for a total of $7.95m, and comes less than three months after Lottoland made its initial investment.

Lottoland confirmed to Gaming Intelligence that it [...]

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