Tipp24 AG to end virtually all online advertising in 2009

Dec 08, 2008 10:27 AM

Tipp24 AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Reason is a regulation of the State Treaty on Gaming – allegedly to prevent
gambling addiction
 
Consequences of State Treaty on Gaming threaten 170 jobs in Hamburg 

Hamburg, 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 a regulation of the new State Treaty on Gaming which
bans all Internet advertising for lotteries. The ban is aimed at preventing
gambling addiction. However, there are no studies which prove that the
lotteries brokered by Tipp24 – such as Lotto 6 from 49, the ARD TV Lottery
and SKL – are particularly addictive.

Tipp24 AG will continue to take legal steps against these bans. For this
reason, the company will maintain its cooperation with a few of its
partners until the legal situation in the cases already pending has been
finally resolved. This will take place mainly in Berlin, as the
Administrative Court there declared in principal proceedings that the State
Treaty on Gaming infringed EU law and was thus void in many aspects.

Jens Schumann, Chairman of the Executive Board of Tipp24 AG, states: 'It is
particularly regrettable that despite the current economic crisis our
politicians are clinging on to symbolic policies which not only massively
hinder directly affected companies, such as Tipp24, but also have
considerable knock-on effects. The online advertising industry, for
example, which recently had to drastically downscale its forecasts for 2009
as a result of the weakening economy, will lose several million euros at a
stroke.'

At Tipp24 itself, over 170 jobs are threatened by the consequences of the
State Treaty on Gaming. The listed company has been operating profitably
since 2002 and contributed approximately 230 million euros to German tax
revenues in the years 2007 and 2008 alone. The lotto stakes brokered by
Tipp24 only benefited the German state lottery and the causes it promotes.

About Tipp24 AG: Tipp24 was established in 1999 and is now the market
leader for lottery products in the Internet on the basis of billings. The
company succeeded in achieving impressive growth rates right from the
start. Almost all state lottery products are supplied. It only takes a few
mouse clicks to buy a lottery ticket – round the clock, quickly and
reliably. The ticket receipt is kept safely, winners are notified about
their prizes automatically by text message and e-mail and prizes are
credited automatically. Subsidiaries of Tipp24 (http://www.tipp24.de) are
Ventura24 in Spain (http://www.ventura24.es), Puntogioco24
(http://www.puntogioco24.it) in Italy and MyLotto24
(http://www.mylotto24.co.uk) in the UK. Shares in Tipp24 AG have been
traded at the Frankfurt Stock Exchange since 2005.





Press contact:
Tipp24 AG       
Andrea Fratini       
Head of Media and Public Relations   
Tel.:   +49 40 32 55 33-660 
Fax:   +49 40 32 55 33-5600  
E-mail:  presse@tipp24.de     
Internet: www.tipp24.de/presse/  




08.12.2008  Financial News transmitted by DGAP
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Language:     English
Issuer:       Tipp24 AG
              Straßenbahnring 11-13
              20251 Hamburg
              Deutschland
Phone:        +49 (0)40 325533-0
Fax:          +49 (0)40 325533-77
E-mail:       office@tipp24.de
Internet:     www.tipp24-ag.de
ISIN:         DE0007847147
WKN:          784714
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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