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Record Sales For Australian online lottery
Tuesday February 24,2015 : AUSSIE ONLINE LOTTERY FIRM REPORTS RECORD H2 SALES
It's been a record second half sales period for Australian online lottery specialist Jumbo Interactive, which this week reported record H2-2014 sales, up 21 percent to A$66 million despite lower jackpot levels.
Revenues in the six months ended December 31 were up 16 percent and reached A$14.3 million, and net profit before tax rose to A$800,000.
NPAT (net profit after tax) came in at A$20,000
CEO Mike Veverka commented: “21 percent growth in total transaction value to a record $66 million clearly demonstrates continuing customer demand and acceptance of Jumbo’s online lottery service.”
The company suffered some setbacks during the half year; German operations have progressed slower than expected, a situation the company attributes to limited interactive marketing channels, in particular Facebook, and a lack of legislation to curb offshore unlicensed websites selling German lotteries.
Jumbo cut spending on German initiatives as a consequence, and will await changes that can evolve into a more sustainable market, says Ververka, who added:
“A significant opportunity exists in Germany however caution must be exercised during the early phase of the industry’s development. Losses in Germany have not reduced the effective income tax expense for the Group.”
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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