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TIPP24 TO REINVEST IN GERMAN LOTTERY BUSINESS
Has the prospect of a liberalised German market prompted the move?
Industry observers are speculating that Tipp24.com's return to the German lottery brokerage market is rooted in indications that the market may be liberalised in the future following anti-monopolistic rulings by the European Court of Justice recently.
The Hamburg-based online gaming operator announced this week that it is preparing to re-enter the German lottery brokerage market after selling the remainder of its outstanding shares for over Euro 9 million. A company statement advises that the proceeds will be used to rebuild its online brokerage of State-run lotteries in Germany’ by partnering with lottery companies in the nation’s Federal States.
“Following the European Court Of Justice’s rulings, we are now setting a clear sign for the reestablishment of our brokerage business in Germany,” said chief executive Hans Cornehl. “We aim to resume our former very successful cooperation with lottery companies and begin brokering the state-run Lotto once again via the Internet."
Tipp24 brokered stakes of around Euro 1.5 billion in the past and revealed that it decided to sell treasury shares in order to finance its reestablishment in the country rather than use funds from its UK minority holdings until ‘the respective legal questions have been settled’.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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