Analyst Research Report Snapshot

Title:

TIPP24 - ONLINE LOTTERY SPECIALIST

Price:

$10.00

Provider:

Edison Investment Research

Date:

29 Nov 2012

Pages:

2

Type:

AcrobatPDF

Companies referenced:

TIMGn.DE

Available for Immediate Download
Summary:

Tipp24 SE (formerly Tipp24 AG) was founded in September 1999 and holds equity interests in companies in Spain, Italy and the UK that enable participation in online lottery-style games. Until the end of 2008 Tipp24 brokered state-licensed and guaranteed gaming products via the internet in Germany, but these were discontinued due to legal uncertainties post the 1 January 2008 German State Treaty on Gaming. In February 2012, Tipp24 re-launched a German lottery brokerage having successfully obtained a licence in Schleswig Holstein. Lotto24 SE was spun-off and listed on the Frankfurt exchange in July 2012. This enables Tipp24 to focus on its international business, and in particular on the establishment of a new international division dedicated to providing internet services for lottery operators. However, we believe it retains some legal risk relating to its former German operations.

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