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Zeal Network posts 23% revenue decline in 2020

27th January 2021 8:07 am GMT

Frankfurt-listed online lottery provider Zeal Network is expected to report a 23 per cent drop in revenue to €86.9m for the full 2020 year.

In a trading update, the company said that billings for the year is expected to increase by 40 per cent to €652.8m, benefiting from the full consolidation of Lotto24 and a positive jackpot development from the German LOTTO 6aus49 game during the final quarter of the year.

Revenue was down by 23 per [...]

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