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Tipp24's move to the UK

Thursday May 16,2013 : AMERICAN AMBITIONS FOR GERMAN LOTTO FIRM
 
Tipp24's move to the UK opens up new business opportunities
 
The German online lottery company Tipp24 SE’s move from Hamburg in Germany to the United Kingdom opens up new business opportunities for the company, including a possible foray into the US market, says chief executive Hans Cornehl.
 
Cornehl announced the firm's American ambitions during the release of Tipp24's Q1-2013 numbers that included a 5 percent rise in revenues to Euro 37.4 million.
 
Other highlights of the report included:
 
* EBITDA slightly lower y-o-y at Euro 12 million
 
* Margin down 1.8 percent to 32.2 percent.
 
* Consolidated net profit up 3.2 percent to Euro 9 million
 
The company is to expand its British presence after acquiring UK company Genomics Global Games Limited (formerly Roboreus Limited) in late 2012, Cornehl revealed.
 
“The conditions for our strategic international development are significantly better in the UK than in any other European company,” he said.
 
“We also see clear signs for a deregulation of the lottery market in North America, and we plan to tap this market more efficiently from our base in London as a partner of the state lottery companies. We shall make targeted use of our leading technological and marketing expertise."
 
Financial manager Andreas Keil said the company was off to a good start in 2013.



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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.

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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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