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Jumbo Interactive expects a 23 percent gain in H2-2014

Thursday December 11,2014 :  JUMBO INTERACTIVE SET FOR A BUMPER HALF-YEAR
 
Aussie online lottery specialist expects a 23 percent gain in H2-2014.
 
The Australian online lottery specialist Jumbo Interactive has issued a trading update advising that sales in H2-2014 are buoyant in the range A$62 - A$65 million, and the company expects to improve performance over the first half of the year by 23 percent.
 
The provider reports that customer accounts at OzLotteries.com reached a landmark 1.81 million on 30 November 2014.
 
Jumbo expects profit before tax to improve from a loss of A$500,000 to a profit of A$100,000... a remarkable turnaround but still unimpressive compared with a profit of A$2.9 million achieved in the prior full year.
 
CEO Mike Veverka commented this week that the record sales in Australia are the result of a growing database and a good run of jackpots, including a A$70 million powerball.
 
“This clearly demonstrates continuing growth in the internet lottery market in Australia,” he said.
 
In Germany, Jumbo's product launch in July across all 16 German states has delivered disappointing player acquisition statistics due to a lack of differentiation between its product and others on the market.
 
A new version is due for release in December 2014 with the first of a series of premium product enhancements that will continue in 2015 with further releases.
 
“It’s clear from the first few months that a premium product offering is essential in Germany”, Veverka said. “Our first premium product – Jumbo Syndicates – will be released this month with further premium products to be released in the second half.”

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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