SBC News Voice of the Sports Betting Industry
Preparing to publish its 2018 full-year results, the governance of London-listed online gambling firm Jackpotjoy Group (JPJ Group) has issued a pre-close trading statement outlining expected results ‘at the upper end of current market expectations’.
Updating investors, JPJ Group Chairman Neil Goulden highlights international asset Vera&John as the stand-out performer for 2018 trading.
JPJ governance details that the firm’s international assets have delivered growth as its legacy brand Jackpotjoy navigates the introduction of new enhanced responsible measures placed on UK licensed incumbents.
“We are pleased with the performance of the group during 2018, as we continue to take advantage of the growth opportunities present in international markets, notwithstanding what has been a challenging regulatory backdrop in the UK.
“We enter 2019 in a strong position to deliver further growth and to create value for shareholders.”
JPJ completes its first full year under the guidance of the executive duo of Simon Wykes as Group Chief Executive, supported by Neil Goulden as Executive Chairman.
During H2 2018, the LSE online gambling group disposed of its social games division to South Korean games publisher Bagelcode, netting a reported £18 million.
