Gamesys predicts FY 2019 results will be at the ‘upper end of current market expectations’

Gamesys Group remains confident that its FY 2019 results will reach the ‘upper end of current market expectations’ as detailed in a pre-market update.

Celebrating what the group considers to be a ‘landmark year’, Gamesys has predicted that the group’s expansion into new markets combined with the progress made by its UK contingencies will support Gamesys’ continued growth.

Lee Fenton, Chief Executive Officer of Gamesys Group plc, commented: “2019 was a truly transformative year as the JPJ and Gamesys businesses were reunited, creating a combined Group with strong global brands, complete operational control and ownership of our technology platforms.

“Despite the intensive endeavours this required, the Group’s focus on operational execution has not diminished and we are extremely pleased with the performance during the year. As we enter 2020, we remain in a strong position to continue to deliver growth and to create value for shareholders.”

While the group has not yet disclosed any financial figures, Gamesys has emphasised that despite the major acquisition of JPJ Group last year has meant that ‘operational focus has not wavered’.

The acquisition meant that JPJ assumed ownership of Gamesys’ technology platform and content studios, as well as certain B2C brands including Virgin Casino. In addition, it also gained its UK-facing Virgin Games, Heart Bingo and Monopoly Casino brands.

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