The first day’s panels at ICE VOX 2019 saw speakers talk up the need for cooperation between operators and regulators if the industry is to survive in the face of increasing regulatory pressure and worsening public opinion. Speakers also highlighted the importance of clarity on issues such as the Department of Justice’s reinterpretation of the Wire Act and what is expected of operators when it comes to player protection.
Zeal Network has increased its profit guidance for the 2018 financial year, with the lottery brokerage now expecting to post between €37m and €39m in earnings before interest and tax following a strong performance in the final two months of 2018.
Lottoland has expressed its disappointment at the decision of Zeal Network shareholders to approve the company’s pending acquisition of former subsidiary Lotto24, claiming that the operator has failed to secure a mandate to proceed with the deal.
Zeal Network has tuned down Lottoland’s offer of €76m to purchase its German business, with CEO Helmut Becker again accusing the lottery betting operator of trying to disrupt ongoing acquisition talks with Lotto24