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Tipp24 AG
Address: Tipp24 Falkenried-Piazza Strassenbahnring 11-13 Hamburg, 20251 DEU.
Internet: https://www.tipp24.de
E-mail Address: service@tipp24.de
Phone: +49-40-3255330
Fax: +49-40-32553377
Population: 82,422,299 (2006 est.)
Chairman:
Deputy Chairman:
Klaus F. Jaenecke
Dr. Hans-Wilhelm Jenckel
Year Lottery Founded: 1999
Employee: 152
Nine Months report 2007 €218,176 Thousand Euro (Billings)
€28,491 Thousand Euro (Revenue)
Products Offered: Lotto 6 out of 49, Lottery Teams, Spiel 77, Super 6, Oddset Sports Betting Product, GlücksSpirale, NKL/SKL, Keno, Scratch cards


Background Information

Tipp24 - An Internet Success Story
Tipp24 AG was founded in 1999 by Marc Peters and Jens Schumann. With total billings of €204.7 million in 2005, Tipp24 believes that it has a leading market position as an online broker of state-owned lottery products in Germany (billings-based assessment).
Since 2002, the number of our registered customers has increased by more than 40% p.a to more than 1.3 million (as at: 31.December 2005).
Tipp24 AG is a Germany-based provider of lottery services that markets state-licensed and guaranteed gaming products via electronic media, especially the Internet, which is based in Hamburg. The service portfolio is comprised of products of the Deutsche Lotto- and Totoblock, class lotteries, the German television lottery and value-added combined products. Through the Company's Website, www.tipp24.de, customers can take part in almost any type of state lottery games, as well as sports betting, the Gluecksspirale game and online lottery scratch cards. Daily and weekly draws for cash prizes are other Company's flagship products. As of December 31, 2006 approximately 1.8 million customers were registered with Tipp24. It has three wholly owned subsidiaries, including GSG Lottery Systems operating on German market; Ventura24, present on Spanish market, and Italian Puntogioco24, which is active in Italy.

Lottery News 2009

German Lottery Company Tipp24 Stable Through the Crisis
HAMBURG, Germany (November 2, 2009) - In the first nine months of fiscal 2009, Tipp24 made very successful progress: revenues grew by 62.8 percent to EUR 53.7 (prior year: EUR 33.0) million in the period under review. Compared with the previous year, EBIT more than quintupled: from EUR 6.3 million to EUR 33.1 million. Consolidated net profit improved to EUR 25.1 (4.7) million.....................Subscribers

Jackpot Prize Paid out to Tipp24.com Customer
LONDON, UK (October 16, 2009) -- Tipp24.com's lucky 33-year-old winner of the €31.7 million euro lottery jackpot became a multi-millionaire at the end of September this year. After confirming his identity, the enormous prize was handed over to the winner on 9th October.....................Subscribers

Regional Appeal Court in Koblenz forces Lotto Rheinland-Pfalz to Accept Online Lottery Tickets From Tipp24 AG and Other Brokers
Court Confirms Considerable Reservations Regarding Compliance Of German State Treaty On Gaming With Eu Legislation
HAMBURG, Germany (October 1, 2009) -- In the latest verdict of the Regional Appeal Court of Koblenz, Lotto Rheinland-Pfalzhas been obliged to open its electronic interface for the acceptance of online lottery tickets. The ruling concerns repeat tickets for the games “Lotto 6 aus 49”, “Spiel 77”, “Super 6” and “Glücksspirale”............................Subscribers

Brit Scoops German lotto Using Online Gambling Site To Buy Ticket
LONDON, UK (September 25, 2009) - A lucky Englishman has won €31.7 million, after scooping the enormous jackpot on another country’s lottery.............Subscribers

Tipp24 Drops on Lottery Win
FRANKFURT, Germany (September  24, 2009) -- Shares in German lottery service provider Tipp24 (TIMGn.DE) fell 7.5 percent to the bottom of Frankfurt's small-cap index...............Subscribers

Change in Executive Board
Tipp24 AG: Jens Schumann Retires From Executive Board
HAMBERG, Germany (August 3, 2009) -- Jens Schumann (36), joint founder and Chairman of the Executive Board of Tipp24 AG, is to leave the company for personal reasons as of 30 September 2009. He will continue to assist Tipp24 in an advisory capacity. Schumann took the decision in coordination with the Supervisory Board and Executive Board, and leaves on amicable terms.......................Subscribers

Tipp24 AG Report on the First Half-Year 2009
Tipp24 AG: German Business Still Negative – Foreign Growth Continues
HAMBERG, Germany (August 3, 2009) -- The first half of the current fiscal year 2009 was dominated by the start of the Internet ban in Germany introduced by the State Treaty on Gaming. This removed the basis for the previous operations of Tipp24 AG in Germany...................Subscribers

Tipp24 Education Project Generation@
Hamburg Pupils Present Results Of School Year On Risks And Opportunities Of The Internet
HAMBERG, Germany (July 10, 2009) -- On the evening of 9 July, 7th-year pupils of the Ida-Ehre comprehensive school in Hamburg presented the results of their generation@ project. The project was launched as a half-year course in 2008 and was continued with a newly founded media class in the 2008/2009 school year.....................Subscribers

Tipp24.com Customer Wins 1 Million Euros by Matching Just 3 Numbers
LONDON, UK (July 6, 2009) -- A 36-year-old man has just won 1 million Euros by matching only three numbers on his lottery ticket. He placed his bet at Tipp24.com.....................Subscribers

Annual Shareholders' Meeting of Tipp24 AG
Tipp24 Annual Shareholders' Meeting adopts dividend
HAMBURG, Germany (June 16, 2009) -- The fourth Annual Shareholders' Meeting of Tipp24 AG was held at the InterContinental Hotel Hamburg on 16 June 2009. Approximately 55.16 percent of voting capital was represented...........................Subscribers

German Lottery Service Provider Tipp24 Has No Plans To Expand In Near Future - CEO
HANOVER, Germany (June 11, 2009) -- German lottery service provider Tipp24 is not planning to expand its business in the near future and is aiming to preserve its cash instead...................Subscribers

Tipp24 AG Added to SDAX
HAMBURG, Germany (June 5, 2009) -- On 22 June 2009, Tipp24 AG will be the sixth Hamburg company to be admitted to the SDAX index, which lists 50 small German public limited companies..................Subscribers

Tipp24 AG Report on the First Quarter of 2009
HAMBURG, Germany (May 28, 2009) -- The intensive political and legal discussions surrounding Germany’s gaming market and the respective legal conditions continued in the first quarter of 2009.........................Subscribers

Double Your Chances With Tipp24.com Jackpot Reward
LONDON, UK (May 19, 2009) -- Tipp24.com has come up trumps with two generous lotto promotions this month. Incentive number one, the jackpot reward, enables customers to earn one million Euros if their friends or family members win the jackpot. Incentive number two gives customers the chance to win one million Euros by matching just 3 numbers....................Subscribers

Tipp24 AG Appoints Magnus von Zitzewitz as Head of Corporate & Public Affairs

HAMBURG, Germany (May 5, 2009) -- As of 1 May 2009, Magnus von Zitzewitz (41) is the new Head of Corporate & Public Affairs at Tipp24 AG. In this newly created position, von Zitzewitz will have international responsibility for the Group’s legal, political and regulatory affairs................Subscribers

Tipp24 AG: Staff Reduction and Changes in the Executive Board
HAMBURG, Germany (March 2009) -- Tipp24 AG has decided to scale down its Executive Board and greatly reduce headcount as a consequence of Germany’s new State Treaty on Gaming. When the second stage of the State Treaty on Gaming came into force on 1 January, 2009, Tipp24 AG was forced to..................Subscribers

Tipp24 AG: Fiscal Year 2008 - State Gaming Treaty Slows Long-Standing Growth Rate
HAMBURG, Germany (March 5, 2009) -- Due to the negative impact of ongoing regulatory discussions concerning the German gaming market, earnings before interest and taxes (EBIT) were down by 0.6 percent to EUR 8,897 thousand (prior year: EUR 8,949 thousand) in fiscal year 2008. The EBIT margin fell..................Subscribers

First Ever Six Winning Numbers At Online Lottery Ticket Brokering Site
LONDON, UK (February 24, 2009) -- Six winning numbers! Last weekend, a customer at www.tipp24.com chose the right numbers for Germany's '6 aus 49' lottery and won €274,963.20 euros. 3, 4, 18, 29, 31 and 41 were his lucky numbers. He will receive exactly the same payout as the eight winners of the German Deutscher Lotto- und Totoblock (DLTB).................Subscribers

Lottery News 2008

Tipp24 AG Restructures Business
HAMBURG, Germany (December 30, 2008) -- Tipp24 AG plans to restructure its business fields as of 1 January 2009. This will include pooling the majority of its activities in connection with brokering or offering lottery products with..............Subscribers

Change in the Supervisory Board of Tipp24 AG
HAMBURG, Germany (December 16, 2008) -- The Executive Board of Tipp24 today filed an application with the District Court responsible in Hamburg concerning the legal appointment of Mr. Hendrik Pressmar as a new member of the Supervisory Board. The application became necessary after................Subscribers

Tipp24 AG to End Virtually All Online Advertising in 2009
HAMBURG, Germany (December 8, 2008) -- As of January 1, 2009, Tipp24 AG will end virtually all online advertising for the brokerage of state lotteries in Germany. The reason is..................Subscribers

Tipp24.de Becomes Tipp24.com
HAMBURG, Germany (November 11, 2008) -- As part of Tipp24 AG's internationalisation strategy the company's German product website will be changed from Tipp24.de to Tipp24.com; effective immediately....................Subscribers

Tipp24 Reports on the First Nine Months of 2008
HAMBURG, Germany (November 3, 2008) -- The unresolved legal situation surrounding the German State Treaty on Gaming continued to play a dominant role in the first nine months of fiscal year 2008: Tipp24 AG made more moderate progress in the period under review than in previous years.............Subscribers

Constitutional Complaint of Tipp24 Against Lottery Laws of Berlin and Lower Saxony Not Accepted by Federal Constitutional Court
GERMANY (October 22, 2008) -- The second Chamber of the First Senate of the Federal Constitutional Court has decided on 14 October 2008, of which Tipp24 AG was informed today, not to accept a constitutional complaint filed by Tipp24 AG against several provisions of the State Treaty on Gaming and subsequent legislation in Berlin and Lower Saxony...................Subscribers

New Online Gaming Portal Tipp24games Launched
HAMBURG, Germany (September 26, 2008) -- Starting today gaming fans can test their skill and general knowledge in direct competition with other players at www.tipp24games.de. Even small betting stakes are possible. Seven games are currently available – from puzzles to a general knowledge quiz – all featuring lovable and highly distinctive characters................Subscribers

Tipp24’s Online Lottery Brokerage Still Allowed in Berlin
HAMBURG, Germany (September 24, 2008) -- At the Administrative Court of Berlin, Tipp24 AG has recorded an important victory in its fight against the new State Treaty on Gaming. The Administrative Court decided against the federal state of Berlin, stating that...................Subscribers

Michael Schuller Takes Over as Technical Manager at Tipp24 AG
HAMBURG, Germany (September 10, 2008) -- As of 1 September 2008, Michael Schuller (39) has assumed the position of Technology and Operations Manager at Tipp24 AG in Hamburg. In this role, he will be responsible...............Subscribers

Federal Constitutional Court Declares the Regional Principle With Regard to the Lotto as Unconstitutional
HAMBURG, Germany (August 14, 2008) -- Today’s ruling by the Federal Constitutional Court (BGH) has overturned the regional principle, a key element in the State Treaty on Lotteries (GlStV), and hence reinforced the position of Tipp24..............Subscribers

Tipp24 AG - Report on the First Half-Year 2008
GERMANY (August 4, 2008) -- The ongoing intensive political and legal discussions concerning Germany’s gaming market served to dampen the growth of Tipp24 AG in the first half of 2008...............Subscribers

Annual Shareholders' Meeting of Tipp24 AG
HAMBURG, Germany (May 29, 2008) -- The third Annual Shareholders' Meeting of Tipp24 AG was held on 29 May 2008.............Subscribers

Tipp24 AG Completes Share Buyback Program
HAMBURG, Germany (May 14, 2008) -- Tipp24 AG has completed the share buyback programme that started on 8 October 2007...................Subscribers

Tipp24 First-Quarter Profit Rises 15% on Rising Internet Gambling Revenue
HAMBURG, Germany (May 5, 2008) -- In the first three months of its fiscal year 2008, Tipp24 AG raised earnings before interest and taxes (EBIT) by 22.3 percent to EUR 2.7 (2.2) million, compared with the same period last year. The EBIT margin fell by.................Subscribers

Fiscal Year 2007 -- Tipp24 Maintains Dynamic Growth Course
HAMBURG, Germany (March 27, 2008) -- Tipp24 can look back on a successful fiscal year 2007, during which its customer base grew by 574 thousand to 2.34 (prior year: 1.77) million. The main driver was Germany’s highest-ever lottery jackpot (EUR 43 million). On the day of the record jackpot draw alone, some 42 thousand new customers registered on the German website of Tipp24 AG ..............Read the full story at: Vol.43 No.1

Tipp24 AG Prolongs Share Buyback Program
HAMBURG, Germany (March 26, 2008) -- The Executive Board of Tipp24 AG has adopted a resolution to prolong the share buyback program launched on 8 October 2007 and originally limited until 31 March 2008.............Subscribers

Tipp24 AG Announce Changes in Executive Board
Two New Members of the Executive Board
Founder Jens Schumann appointed Chairman of Executive Board
HAMBURG, Germany (March 27, 2008) -- Effective 1 April 2008, the Supervisory Board of Tipp24 AG has decided to expand the Executive Board with the addition of two new seats. The expansion reflects the growth and strategic alignment of the Group. There will also be a reallocation of responsibilities...................Subscribers

Tipp24: Consolidated Net Profit 2007 Exceeds Own Forecasts
HAMBURG, Germany (February 22, 2008) -- Despite the difficult political situation at present, Tipp24 achieved further growth in its fiscal year 2007. The Hamburg-based company raised the number of registered Group customers by 574 thousand...............Read the full story at: Vol.42 No.9

New Education Project ‘generation@’ Launched in Hamburg
• Tipp24 AG has set itself the task of ensuring youngsters know all about the internet
• The partners are BürgerStiftung Hamburg and Genety e.V.
HAMBURG, Germany (February 11, 2008) -- Today sees the launch of a new education project in Hamburg. generation@, a joint initiative of BürgerStiftung Hamburg, Genety e.V. and Tipp24 AG, is the first project of its kind in Germany................Read the full story at: Vol.42 No.7

European Online Lottery’s UK Subsidiary Appoints Agency to Handle £4.2m Digital Account
LONDON, UK (January 16, 2008) -- MyLotto24, the UK subsidiary of European online lottery firm Tipp24 AG, has appointed Profero to handle its £4.2m digital media account, leading UK industry source.................Subscribers

Over €100 Million in Total Paid Out to Tipp24 Online Lottery Players
HAMBURG, Germany (January 3, 2008) -- With four new millionaires and more than 3.4 million lottery winners in total, Hamburg-based Tipp24 AG boasts an impressive number of lucky winners in 2007................Read the full story at: Vol.42 No.1

Lottery News 2007

Tipp24 Plans To Continue Online Lottery Service
HAMBURG, Germany (December 27, 2007) -- Tipp24, the German online national lottery company, is planning to continue its business after the new state gaming agreement..............Subscribers

State Treaty on Gambling Not Legally Tenable
Tipp24 AG Hopes To Continue Its Internet Business
HAMBURG, Germany (December 19, 2007) -- On the 19 December 2007 it was announced that the parliaments of all the German states have apparently agreed to the State Treaty on Gambling. However, the Hamburg company Tipp24 AG does not think that its commercial existence is under threat.............Subscribers

Tipp24.de Customer Cracks The Mega Jackpot On The Internet
GERMANY (December 5, 2007) -- Millions of people purchased their lotto tickets over the past few days in the hopes of cracking the mega jackpot of 43 million euros. A long-time Tipp24.de customer managed to do it..........Read the full story at: Vol.41 No.11

Big Rush on Internet Lotto - Four Winners With Six Correct Numbers at Tipp24.de Alone
HAMBURG, Germany (December 2, 2007) -- No need to stand in line at the lotto kiosk despite the big rush for the mega jackpot – over the past few days more and more lotto players have discovered this way of playing lotto for themselves.............Read the full story at: Vol.41 No.11

Tipp24 AG Unveils New British Lottery Offering
LONDON, United Kingdom (November 13th, 2007) - Tipp24 AG, the European market leader in the online lottery industry, today announced the launch of its UK offering...........Subscribers

Petra von Strombeck New Head of Marketing at Tipp24 AG
HAMBURG, Germany (November 7, 2007) -- Petra von Strombeck (38) has been appointed head of marketing at Tipp24 AG with effect from 1 November. Von Strombeck is responsible for both the Marketing and Product Management divisions.................Read the full story at: Vol.41 No.7

German Lottery Company Tipp24 AG Announce Quarter Results - Record Result in Third Quarter 2007
Tipp24 Expands Foreign Business – Launch in UK
HAMBURG, Deutschland (November 2007) -- Tipp24 is to enter the UK market as a supplier of European lotteries under the web address www.mylotto24.co.uk on 6 November 2007...................Read the full story at: Vol.41 No.7

New Investor is Not Currently Contemplating a Takeover
GERMANY (October 30, 2007) -- Günther Holding, Hamburg, has announced via a press release that it has indirectly acquired 11.8 % of the share capital of Tipp24 AG.............Subscribers

Gunther Holding Unveiled as New Major Shareholder at Tipp24
GERMANY (October 31, 2007) -- German investment company Gunther Holding has been announced as the new major shareholder in German online lottery service provider Tipp24. ..............Subscribers

Unknown Investor Shows Interest in Online Lottery Service Provider
GERMANY (October 30, 2007) -- Tipp24, the German online lottery service provider, has said that an unknown investor is attempting to acquire shares in the company on a large scale..............Subscribers

Possible Attempt To Take Over Tipp24 AG
GERMANY (October 26, 2007) -- Earlybird Venture Capital GmbH & Co. KG has informed Tipp24 AG that two investment companies associated with Earlybird have sold their holdings amounting in total to just under..............Subscribers

Tipp24 AG Decides Further Share Buyback
HAMBURG, Germany (October 5, 2007) -- Tipp24 has decided to carry out a further share buyback programme. The current regulatory discussions provide favourable economic conditions at present for this resolution of the Executive Board............Subscribers

Tipp24 AG: Dynamic Growth Unbroken
HAMBURG, Germany (August 6, 2007) -- The Tipp24 Group continued its dynamic growth course in the first half of its fiscal year 2007: billings (+ 18.9 percent) and revenues (+ 17.1 percent) grew strongly during the reporting period...........Read the full story at: Vol.40 No.7

Online Lottery Service Provider Abandons Plans For Takeovers
GERMANY (July 25, 2007) -- Tipp24, the German online lottery service provider, has abandoned plans for takeovers owing to..........Subscribers

Tipp24 AG: Billings And Revenue Up Despite Adverse Market Conditions
HAMBURG, Germany (July 24, 2007) -- Despite ongoing legal discussions and the lack of major jackpots, Tipp24 AG succeeded in raising billings – mainly remitted stakes – by 18.9 percent to EUR 139.6 (117.4) million in the first half of the year...........Subscribers

Tipp24 Welcomes Clear Decision by OLG Dusseldorf
HAMBURG, Germany (June 8, 2007) -- On 8th June 2006, OLG Dusseldorf confirmed the 23rd August 2006 decision by the Federal Cartel Office, according to which the Deutsche Lotto- und Totoblock (German Lottery and Toto Group) group treaty violates EC law..........Subscribers

Internet Lottery Leader Tipp24 Relies on Political Common Sense
HAMBURG, Germany (May 24, 2007) -- The second Tipp24 AG annual general meeting took place on 24 May 2007 in the Hotel Le Royal Meridien in Hamburg. Around 50 shareholders and guests took part in the event............................Read the full story at: Vol.39 No.9

Report on the first quarter of 2007
Tipp24 posts its best-ever quarterly EBIT result

HAMBURG, Germany (May 8, 2007) -- In the first quarter of its fiscal year 2007, the Tipp24 Group raised earnings before interest and taxes (EBIT) by 34.0 percent to around EUR 2.2 million (prior year: 1.6)..............................Subscribers

Change in the management board of Tipp24 AG
HAMBURG, Germany (May 8, 2007) -- Marc Peters, co-founder and longstanding member of the Tipp24 AG management board, is leaving the management board at his own request..........................Read the full story at: Vol.39 No.7

Tipp24 Once Again Posts Record Earnings
HAMBURG, Germany (March 26, 2007) -- The Tipp24 Group added a new chapter to its success story in 2006. There was a strong increase of 448 thousand in the number of registered customers to 1,770 (prior year: 1,322) thousand, due largely to a favorable jackpot situation in the second half of the year...........................................Read the full story at: Vol.39 No.1

Tipp24 AG: Planned State Contract About Gambling De Facto Obsolete Following Placanica Judgement
European Court of Justice Liberalizes European Gambling Market
HAMBURG, Germany (March 6, 2007) -- The judgement about the Placanica case that has been pronounced today by the European Court of Justice makes ratification of the planned state contract about gambling de facto obsolete.......................Subscribers

Tipp24 Gains SevenOne Interactive as Cooperation Partner
HAMBURG, Germany (February 19, 2007) -- With immediate effect, the Hamburg-based company Tipp24 AG is to cooperate with SevenOne Interactive, the online and multimedia marketing subsidiary of the ProSiebenSat.1 Group............................Read the full story at: Vol.38 No.9

Tipp24 Earnings for 2006 Higher Than Expected
HAMBURG, Germany (February 12, 2007) -- Tipp24 continues growth path in the 2006 fiscal year and exceeds expected earnings.............................Subscribers

Lottery News 2006

Tchibo and Tipp24 to Sell Lottery Tickets Together
HAMBURG, Germany (December 19, 2006) -- The Hamburg-based companies Tchibo GmbH and Tipp24 AG are to offer a lottery product exclusively for Tchibo customers as of December 29, 2006. The new product will be available at all of Tchibo’s approx. 1,000 stores throughout Germany as well as via www.tchibo.de..............................Read the full story at: Vol.37 No.12

Online Lottery Provider Benefits From Record Lotto Jackpot
GERMANY (November 7, 2006) -- The German online lottery provider Tipp24's performance and turnover in the third quarter has been boosted by a record lottery jackpot. From July to September, the ebit increased compared with last year by 45 per cent to 2.1m euros, thereby attaining the highest quarterly value to date..........................Subscribers

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