Published: April 9, 2023

ZEAL JOINs THE WORLD LOTTERY ASSOCIATION and receives permission to operate virtual slot games from the German Joint Gambling Authority of the Federal States

World Lottery Association (WLA) has decided to accept ZEAL as a member. The WLA is a world organization of state-licensed lotteries, sports betting operators and suppliers. With its membership, ZEAL commits to comply with the WLA standards for social responsibility, responsible gaming, security and risk management in the future.

WLA: Working together for responsible lottery business

The WLA is an international organization promoting the interests of state-licensed lotteries. It was founded in August 1999 by the merger of AILE, the International Association of State Lotteries, and Intertoto, the International Association of Lotteries and Lotto Organizations. The organization’s mission is to educate about the lottery industry, set technical and ethical industry standards, and provide educational services to its members. The WLA brings together members from more than 80 countries on six continents. In 2021, members collectively contributed approximately $80 billion to charitable causes.

“We are proud the WLA has accepted us as a member,” says a delighted Helmut Becker, CEO of ZEAL. “As the German market leader for online lotteries, we take our responsibility in the areas of compliance, security and risk management very seriously and attach great importance to social commitments as well. We are pleased to be a part of this important organization with immediate effect and to support the high standards of the WLA and its members.”

https://europeangaming.eu/portal/latest-news/2023/04/04/133164/zeal-becomes-a-member-of-the-world-lottery-association/

https://www.world-lotteries.org/

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ZEAL Network SE / Key word(s): Product Launch
ZEAL Network SE: Subsidiary LOTTO24 AG receives permission to operate virtual slot games

05-Apr-2023 / 19:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ZEAL Network SE: Subsidiary LOTTO24 AG receives permission to operate virtual slot games

(Hamburg, 5 April 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 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.

Contact:
Frank Hoffmann
Investor Relations Manager
T: +49 (0)40 809036042



End of Inside Information

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ZEAL Network SE

 

Straßenbahnring 11

 

20251 Hamburg

 

Germany

Phone:

+49 (0)40 8090360-42

Fax:

+49 (0)40 822239-77

E-mail:

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Internet:

www.zealnetwork.de

ISIN:

DE000ZEAL241

WKN:

ZEAL24

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1602487

 

EQS News Service

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