Industry News

Zeal Network Retakes Control of its Former Subsidiary Tipp24

Published

6 years ago

October 16, 2019

Niji Narayan

Zeal Network Retakes Control of its Former Subsidiary Tipp24

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Lottery brokerage firm Zeal Network has retaken the control of its former subsidiary Tipp24.

Zeal set out plans to retake control of Tipp24 upon closing the acquisition of its former subsidiary Lotto24 via an all-share public takeover in May this year. The brokerage is also seeking to reclaim control of myLotto24 and transform its German secondary lottery business into a locally licensed digital lottery broker, with the idea of building on Lotto24’s position in the German market.

“We have fully implemented what we announced; as of today, Lotto24 and Tipp24 are reunited in the German brokerage business. We would like to thank the state lotteries and supervisory authorities for their trust and are convinced that we can lead the German lottery safely into the digital future as a partner of the state lottery companies,” Helmut Becker, chief executive of Zeal said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.