ZEAL Network SE: Subsidiary LOTTO24 AG Receives Permission to Operate Virtual Slot Games
HAMBURG, Germany (April 5, 2023) — LOTTO24 AG, a subsidiary of ZEAL Network SE, has received permission from the German Joint Gambling Authority of the Federal States (Gemeinsame Glücksspielbehörde der Länder – GGL) to operate virtual slot machine games on the internet.
Following a successful review of the individual games by the GGL as well as further technical implementations, ZEAL expects revenue and EBITDA contributions on a group level (taking into account effects on other products) in the low single-digit million range during the ramp-up phase in FY 2023 which has already been taken into account in the current guidance.
The revenue and EBITDA contribution in subsequent years will also be dependent on the further development of the regulatory practice.
EBITDA describes earnings before the financial result, taxes, depreciation and amortisation.
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SOURCE: ZEAL Network SE.Tags: Internet, virtual slot machine games, Gaming Authority of the Federal States (GGL), LOTTO24 AG, ZEAL Network SE