gambling.co.uk home casinos play poker play bingo play instant win games gambling news archive gambling.co.uk forums
 
- -
Bookmark current page
 
  Search
→ casino
→ online casino
→ online poker
→ poker
  Recommended Sites
  Featured Partner
  Gambling.co.uk
Home
Gambling Articles
Gambling Experts
News Archive
Forums
Contact Us
  Affiliates
Bingo Aff Program


Gambling.co.uk: Gambling News Archive

Online Gaming Firm Targeted for Takeover

Unidentified company is buying shares in Tipp24 totalling 13 percent

Wednesday 31st October 2007



According to numerous reports, an as yet unidentified company is attempting to buy up stock in the German online lottery company Tipp24 AG.

According to a shareholder, Earlybird Venture Capital, it notified Tipp24 that two organisations it has been associated with in the past have sold holdings constituting 13 percent to a single investor. It said that Tipp24 has confirmed in return that it has been advised by several other major shareholders that approaches had been made by a third party looking to buy up its shares.

The Reuters news agency reported last week that Tipp24 is on track to meet its business targets for the fiscal year. It stated that the company plans to stabilise its market share in the online lottery market and that it expects further growth in billings and revenues by just under 20 percent, generating results slightly higher than that of last year’s $10.39 million.

Tipp24 reported revenues of just under $49.9 million last year and analysts on average expect the online lottery firm to report revenues of $58.83 million this year.

 


Source: OnlineCasinoNews

  • Back to archive index
  • Submit a press release

    Discuss this story in the Gambling Forum. Last 5 Posts:
    Sunday 26th February, 2017:   Horse Race betting
    Friday 24th February, 2017:   Poker Websites
    Thursday 23rd February, 2017:   UEFA Europa League
    Wednesday 22nd February, 2017:   UEFA Champione Leugue
    Wednesday 22nd February, 2017:   Hi - How to make good money online!