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Jackpotjoy booms in the casino industry

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Jackpotjoy online casino has recorded sales of AU$124.3 million for their first quarter of 2017. This resulted in a rise of 11% compared with AU$111.7 million sales that they made the same period last year.

Jackpotjoy Online Casino.

The online casino gambling and Bingo operator reported EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) of AU$508.4 million for the first three months of this year. They managed to slightly climb up from the AU$487.5 million that they made in the first three months of 2016.

The online casino provided 71% of the overall group revenue for the first three months of the year. More so, in this segment, Botemania and Starspins took 18% of the total brand revenue as a result of growth in new games and mobile casinos.

What Jackpotjoy has to say

The CEO of Jackpotjoy, Andrew Mclver, reported that the first quarter of the year has been an exciting time for them. He added that they have managed to settle well in their new home, which is the London Stock Exchange.

“Besides the backdrop, it’s pleasing to report strong growth of 11% in the gaming revenue with mainly striking a growth of 14% at our biggest brand, Jackpotjoy,” he added. Mclver also mentioned that they are making good progress in executing their strategy across their portfolio of brands.

Jackpotjoy expects to make an impact on the margins for 2017 from the Point of Consumption Tax (POC) that was imposed on casino bonuses in the U.K, due to become effective in August. However, there’s no set date as it might be delayed as a result of the United Kingdom General Election.

Mclver says he will keep all their stakeholders, especially the casino players in the loop on their initiatives in progress at their halfway results, in August. From the look of things, the online casino might continue growing in line with the casino market throughout 2017.