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Lottoland takes stake in Australian lottery operator Jumbo Interactive

By 25.04.2017 No Comments

Due to legislation coming into effect in 2019, we can no longer offer lottery betting and as such some content may no longer be relevant.

Firm acquires more than three million shares – a 7.1% holding, CEO Nigel Birrell says firm wants to accelerate growth Down Under

Lottoland has invested in Australian lottery operator Jumbo Interactive with the firm snapping up more than three million shares for a 7.1% holding, EGR Intel can confirm.

Recent local reports had suggested Lottoland was the mystery Jumbo investor, but today EGR Intel can reveal the firm has acquired 3,117,224, valued at approximately AUS$7.5m (£4.5m).

Read full article: egr.global, 25 Apr 2017

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