JackpotJoy CEO happy after admittedly 'turbulent year'
2017-04-05 14:30:31Previously known as Intertain, and based in Canada, the online casino rebranded and moved its headquarters to the UK within the last year. The operator reported a record cash generation for the year in the shape of £83.0m of its operating cash flow and revenue growth of 15%.
A Turbulent Year
CEO Andrew McIver commented: “The past financial year has been a turbulent one for the Group, so I am pleased to be reporting strong results today, which clearly demonstrate the strength of our brands across the portfolio. Strong group revenue growth of 15% has been driven by growth across all our business units, with our largest brand, Jackpotjoy, reporting impressive growth of 17%.”
Planned Growth for JackpotJoy
JackpotJoy is said to be ‘ideally positioned’ to situate itself front-and-centre of any future growth in the online gaming industry. JackpotJoy is aiming to take advantage of this through a mixture of improved accessibility via mobile devices, expanding customer demographics, and seemingly dynamic regulatory trends that are making more markets available to online gaming than ever before.
With a global online casino and online bingo market estimated to be worth in the region of €12 billion by 2018, JackpotJoy will be looking for their share of the spoils in the coming years. Last year the company’s three entities - JackpotJoy, Vera&John, and Mandalay - all reported significant organic growth.
McIver added: “Looking ahead to 2017, I am excited about what the year holds for Jackpotjoy plc, following our listing on the London Stock Exchange in January 2017. I am confident that our strong portfolio of brands will continue to deliver strong organic growth and this is further evidenced by the 10% revenue growth year-on-year we are forecasting for Q1 2017.”