German online lottery broker Lotto24 has secured a loan which it believes will enable the company to push towards a return to profit.
The company has signed a loan agreement with Günther Group, a family-owned investment business specialising in the gambling sector, which will see it borrow up to €3.5m.
Lotto24 said that favourable market conditions meant the time is right to borrow in order to recruit new customers, which will help it to reach profitability without the need for any additional funding.
The company [...]
