Frankfurt-listed lottery provider ZEAL Network has reported
a 27 per cent drop in preliminary revenue to €113.5m for 2019, with results
impacted by a €26.3m payout from its former secondary lottery business and its
change in business model.
Total billings increased by 58 per cent to €466.7m following
its takeover of Lotto24 during the year, with the company’s German business gaining
274,000 new registered customers at a cost per lead of €32.50.
ZEAL was able to further reduce its cost base in [...]
