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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.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
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