Tag Archives: JackpotJoy

JPJ Group moves on enlargement by acquiring Gamesys for £490 million

The governance of London-listed JPJ Group Plc has this morning confirmed that it has reached a ‘conditional arrangement’ to acquire operating partner Gamesys Limited outright. JPJ has put forward a £490 million transaction, moving to acquire Gamesys platforms and the operated brands of Virgin Games, Virgin Casino, Monopoly Casino, and Heart Bingo. Founded in 2001, Gamesys is the former operating …

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888 pens £18m deal to buy JPJ’s Mandalay

London-listed online gambling group 888 Holdings has agreed upon an £18m deal to acquire a number of JPJ Group brands, which include Costa Bingo, City Bingo and Sing Bingo. 888 has purchased a number of digital bingo brands from the Jet Management Group and Jet Media, who form the basis of the Mandalay operating unit. The online gambling group has …

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Vera&John delivers for JPJ against a tougher UK backdrop

The governance of London-listed online gambling firm JPJ Group Plc signs off on its latest Q3 2018 trading update (period ending 30 September), confident of delivering on its full-year 2018 corporate expectations. Reporting increased customer activity across its overall portfolio, while maintaining a higher gaming revenue per customer of £99 (10% increase), JPJ records Q3 revenues of £78 million- up …

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ConversionBet expands senior team with new CMO Fedotov

Israeli - Copyright: tsyhun / 123RF Stock Photo

Vadim Fedotov, a veteran of the iGaming industry, has joined ConversionBet as the behavioural marketing experts’ new chief marketing officer. As CMO, Fedotov will oversee the strategy, partnerships, marketing, and monetisation of new product launches for ConversionBet, a provider of customisation and behavioural-driven products to operators including Betsson Group, GiG, Mr Green and Jackpotjoy. Having worked for the likes of …

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JPJ Group divests Social Media division as company eyes H2 growth return

London-listed JPJ Group (formerly Jackpotjoy Plc) has published its H1 2018 interim results, confident of achieving its full-year market expectations, despite its flagship Jackpotjoy brand facing increased demands within the UK market. Updating the market, JPJ records year-to-date group revenues of £161 million, up 10% of corresponding H1 2017’s £147 million. Despite its revenue growth, JPJ records a 4% group …

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Home Comforts… Jackpotjoy completes a successful Year 1 as a London enterprise

Completing its first full year as a London Stock Exchange enterprise, online gambling group Jackpotjoy Plc, reports solid financial growth having restructured its operations and executive leadership. Supported by the growth of its core brand assets (Jackpotjoy, Mandalay and Vera&John) Jackpotjoy reports a 2017 group revenue increase of 14% to £304 million (FY2016: £266 million). Updating investors, Jackpotjoy reveals that …

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Yggdrasil plans to “revolutionise” table games sector

Yggdrasil Gaming has outlined plans to shake up the table games vertical, when it debuts in the sector during Q1 of 2018. Currently developing several multiplayer table games using REDUX, its in house technology, the product is also set to feature sidebets and a range of powers available to each dealer. Blackjack is the first game set to go live, …

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The Stars Group completes legacy investments sell-off

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Updating the market, Toronto TSX-listed online gambling firm The Stars Group Plc has informed that it has completed a divestiture of all corporate legacy investments. The Stars Group confirms the complete the disposal of its 7.5% shareholding in London-listed online gambling firm Jackpotjoy Plc for net cash proceeds of $60 million. The company had alerted investors last week that it would proceed …

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The Stars Group sells entire stake in Jackpotjoy Plc for £45 million 

Toronto TSX online gambling firm The Stars Group has moved to sell its entire stake in London-listed Jackpotjoy Plc. Issuing a market update, Stars Group has detailed that it has sold 5.6 million shares (7.5% shareholding) at a target price of 802p per share, netting gross proceeds of £45 million. The transaction was carried out by Stars Group through subsidiary …

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Jackpotjoy secures new £385 million loan facility targeting long term group savings

Updating the market, London-listed online gambling group Jackpotjoy Plc has confirmed that it has secured a £385 million senior secured loan with additional access to a new revolving credit facility. Refinancing its organisation, Jackpotjoy governance will gain access to a £375 million senior loan, with a further £13.5 million made available to the operator via a Revolving Credit Facility. Jackpotjoy …

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