Zeal Network, a lottery brokerage firm, has resumed control over Tipp24, its former subsidiary.
The company set out measures to resume control of the brokerage firm once it had completed the acquisition of Lotto24 through a full share takeover this past May.
The firm is also looking to resume control of myLotto24 with the intention of transforming its German lottery branch into a licensed brokerage. The firm’s main goal is to capture the German market.
According to Helmut Becker, Zeal’s chief executive officer, they have implemented 100 percent of what they had announced previously. Tipp24 and Lotto24 are fully integrated into one business.
The firm also stated that they are thankful to the authorities for their trust in the business and their belief that Zeal can transform the German Lottery into a digitized entity.