ZEAL Network to Buy Prize Draw Operator SevenCanyon in $52M Deal

ZEAL Network, Germany's leading online lottery operator, has agreed to acquire the remaining shares of prize draw operator SevenCanyon in a deal valued at $52 million, according to Gambling News.

The purchase gives ZEAL a foothold in the UK prize draw market, an area the company has flagged as highly attractive. It fits with ZEAL's stated approach of growing into new regions while widening the range of products it offers beyond its core lottery business.

For players in the UK, the deal signals more consolidation behind the prize draw sites and lottery-style games they may already use, as a larger, well-capitalized operator takes a bigger stake in that space.