Zeal Group encouraged by H1-2018 results
News on 2 Aug 2018
News on 2 Aug 2018
Online lottery group Zeal has posted a positive set of H1-2018 results, highlighting:
* Revenue up 17 percent y-o-y at Euro 73 million;
* Sales up marginally at Euro 141.9 million;
* Marketing spend up 69 percent;
* New players up at 293,000 (H1-2017 : 174,000;
* On the negative side, the company withdrew from Australia following new lottery laws which impacted the firm’s MyLotto24 synthetic lottery;
CEO Helmut Becker acknowledged that the Australian bans were disappointing, but said that the company was looking at other opportunities across the global lottery industry, including the Netherlands, where an innovative new product was seen to have potential following research.
