Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Lotto24 Shares Soar on State-Run Lottery Permit: Frankfurt Mover

Lotto24 AG, the online lottery broker spun off from Tipp24 SE, surged in Frankfurt trading after the company became one of the first private operators to gain a permit for state-run lotteries.

Lotto24 rose as much as 17 percent to 3.75 euros, the biggest intraday gain since Sept. 6. The shares traded at 3.60 euros euros as of 12:39 p.m. The stock, which started trading on July 3, initially sold for 2.50 euros each in a rights offer.

The license, which runs for five years, allows Lotto24 to broker state-run lotteries online, according to a statement by the company late yesterday. The permit is valid for all of Germany with the exception of North-Rhine Westphalia, the country’s most populous state, and Schleswig-Holstein.

“This permit is a fundamental precondition for the functioning of our business model,” Frank Schwarz, a spokesman for Lotto24 in Hamburg, said. “We should get online nationwide in 2013, and this is when the business becomes operational and substantial revenue starts coming in.”

Further permits are required to advertise Lotto24’s product range on television, radio, press and Internet across the country, Schwarz said. The company expects to receive these permits by November 2012, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.