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Lottoland takes on Zeal Network with Lotto24 counter offer

8th January 2019 9:43 am GMT
Lottoland

Gibraltar-based lottery betting operator Lottoland is opposing Zeal Network’s proposed takeover of Lotto24 and will make an alternative offer to acquire the business before the end of the month.

Lottoland holds a less than 3 per cent stake in Zeal and believes that the proposed acquisition, first announced in November, “makes no strategic or economic sense” and will result in a massive loss of billings and a substantially lower margin for the combined new group.

“In summary, [...]

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