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.
High Game Payouts Puts German Lottery
Firms Earnings Under Pressure 11.7
million payout in May this year exceeded statistical average
GERMANY (August 11, 2010) -- The German online lottery firm Tipp24 AG has
reportedly had to reset its annual financial forecast following a massive
11.7 million win at subsidiary......Subscribers
Sports Betting Could Re-Open in
Germany GERMANY (August 10, 2010) -- There is a growing
conviction that the German market for sports betting machines will re-open by
the beginning of next year.......Subscribers
Report On The First Half of
2010 Tipp24 HAMBURG, Germany (August 5, 2010) - The financial
results of Tipp24 were marked in the first half of fiscal year. The MyLotto24
Limited, a fully consolidated minority interest, recorded in May a jackpot
profit of 11.7 million euros.......Subscribers
11.6 Million Euros
- Winner on Tipp24.com LONDON, UK (May 18, 2010) - Last
Saturday, one of Tipp24.com's customers hit the jackpot by placing his tip on
the German lottery.........Subscribers
Tipp24 SE: Statistically
Unusually High Winnings Payout HAMBURG, Germany (May 17, 2010) -
MyLotto24 Ltd, a fully consolidated minority holding of Tipp24 SE, has declared
a jackpot payout of EUR 11.7 million on 15 May 2010 in a secondary lottery it
organized..................Subscribers
German Bank Lowers
Target for Tipp24 to 40, Retains 'BUY' Deutsche Bank
has lowered a price target for Tipp24 from 44.00 to 40.00 euros, but the
classification to "BUY" left..........Subscribers
Tipp24: Report on the First
Quarter 2010 Stable Business Development Continue To
Fight For The Resumption Of Business In Germany GERMANY (May
6, 2010) - In the first three months of fiscal 2010 consolidated net sales were
at 24 991 thousand euros. The decrease by 14.9 percent over the previous year
(29,355 thousand euros) resulted mainly from a special effect in the first
quarter of 2009, and resulted in the pay out of the second largest German
lottery jackpot to a very high playing volume and marketing costs very low
were...................Subscribers
Tipp24 SE / Preliminary
Announcement on the Disclosure of Financial Statements
HAMBURG, Germany (May 3, 2010) -- Tipp24 SE hereby announces that the
following financial reports are published......................Subscribers
Tipp24: Fiscal Year 2009
- Successful Realignment of Business Fields -
Focus on non-German business - Basis for business
largely removed in Germany HAMBURG, Germany (March 31, 2010)
-- In its fiscal year 2009, Tipp24 increased revenues by 95.4% to EUR 89,551
(prior year: 45,838) thousand. Consolidated earnings before interest and taxes
(EBIT) grew to EUR 23,052 (8,897) thousand. .........................Subscribers
Education Project
Generation @ Media Fields Have
Increased Significantly Through The Use Of Laptops HAMBURG,
Germany (March 29, 2010) - In the autumn of 2009, the Hamburg Tipp24 SE has
provided all students an eighth grade honor of Ida Comprehensive School in
Hamburg with notebooks.......................Subscribers
Lottery Ticket Broker
Conversion Into a European Public Company Completed
HAMBURG, Germany (January 5, 2010) - Tipp24 has been trading as Tipp24 SE,
since 28 December 2009, the date on which the Hamburg registrar of companies
registered the merger of Egela Beteiligungsverwaltungs AG and Tipp24 AG for the
purpose of establishing a European Public Company (Societas Europaea, SE) as
approved at this years Annual General Meeting...................Subscribers
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 countrys
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 Germanys 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 Groups 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
Germanys 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
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
Tipp24s 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) -- Todays 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 Germanys 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 Germanys 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
Lotterys 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
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

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