SBC News Voice of the Sports Betting Industry
London-listed JPJ Group has confirmed that it will retire its Vera&John and InterCasino brands from the UK market, choosing to focus its home market presence through flagship domain Jackpotjoy.
JPJ has communicated to existing UK customers that the online casino brands will be officially shut down on Tuesday 3 September, with the operator no longer accepting new player registrations.
“We’ve had some good times, haven’t we? Unfortunately, even good things must come to an end, and the time has come for us to say goodbye. As of Tuesday 3rd September, we will no longer be operating in the UK, and access to your account will be blocked” reads a JPJ statement sent to players.
Both brands were acquired by former Jackpotjoy owner Intertain Group in 2014, as the Toronto TSX-listed investment group entered the online gambling space, obtaining InterCasino through its $70 million acquisition of Amaya Inc’s defunct B2C portfolio.
Established in 1996 by legacy online gambling technology group CryptoLogic, InterCasino is considered to one of the oldest online casino brands still in operations.
Furthering its European presence, Intertain would acquire Nordic markets focused Vera&John, from Malta operating company Dumarca Holdings for €90 million.
In previous trading updates, JPJ governance has underlined the importance of maintaining Vera&John’s European market growth (+68% revenues during Q1 2019), as its core UK business of Jackpotjoy adjusts to ongoing regulatory and competitive market dynamics.
