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ZEAL Investments has invested GBP 1 million in Free Postcode Lottery

ZEAL INVESTS IN POSTCODE LOTTERY PLATFORM

GBP 1 million for a 10 percent stake.

ZEAL Investments (ZI), part of the ZEAL Network group, has invested GBP 1 million in the free-to-play online lottery platform, Free Postcode Lottery (FPL) for a 10 percent stake in the business.

Recently launched, this is ZEAL Investments first investment following a partnership with start-up accelerator MassChallenge.

FPL, founded in 2011, is a popular free to play, ad-funded lottery in the UK, forecasting GBP 1 million in revenues and GBP 400,000 EBIT in 2016.  The company will use the investment to “turbo charge” its growth and scale on an International level.

“Partnering with the Free Post Code Lottery is a fantastic opportunity for both parties,” ZEAL Investments director, James Oakes, said.  “Not only have the FPL team created a hugely promising business in a particularly interesting gap in the market, but they have also developed an initiative that really disrupts the lottery status quo.

“It is this joint vision in subverting the industry that makes this partnership so attractive for both parties. We cannot wait to see the FPL reach its full potential”.

“It is clear that the global lottery market is in desperate need of some fresh and original ideas such as the FPL,” Chris Holbrook, founder of FPL adds.  “It is fantastic to see companies such as ZI’s commitment to seeking out the most ambitious companies operating within the market with the potential to shake up the lottery industry and propel the sector forward.”

More than a simple funding investment, ZEAL Investments will act as a strategic advisory partner to FPL offering strategy, data and compliance guidance.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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