Lottoland Unveils Plan to Disrupt ZEAL Takeover Bid

Lottoland has said it plans to make a bid for portions of its lottery-betting rival ZEAL Network, a step that the Frankfurt-listed company views as an “unspecified offer for unspecified assets” designed to disrupt its takeover of Lotto24.

Last night, Gibraltar-based Lottoland, calling itself a ZEAL shareholder, complained about ZEAL’s planned acquisition of Lotto24, saying that the proposed deal “makes no strategic or economic sense and will result in a massive loss of billings and a substantially lower margin”.

Therefore, Lottoland said it wanted to make an offer for “certain assets of the company”, with details coming by January 31.

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