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Lotto24 secures €3.5m loan to fund push for profitability

8th September 2016 6:28 am GMT

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 [...]

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