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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 2008

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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