Zeal Investments, the newly created investment arm of the German online lottery broker, has completed its first deal by investing £1m in the Free Postcode Lottery (FPL).

The FPL is a free-to-play online lottery platform supported by advertising sales, which has grown organically since its launch in 2011 with revenue expected to hit £1m in 2016, with earnings before tax of £400,000.

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