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Jumbo Interactive Going Alone In Mexico

Tuesday July 8,2014 :  JUMBO INTERACTIVE DOING ITS OWN THING IN MEXICO
 
Sorteo partnership didn't work out for Australian online lottery firm.
 
Mike Veverka, the chief executive of Australian listed company Jumbo Interactive, has revealed that his company is to go it alone in its lottery venture in Mexico following the failure of the deal with local firm Sorteo Games earlier this year after almost two years of frustration.
 
This week Jumbo revealed that it was writing down the fair value of its venture with Sorteo Games of Mexico from $2.5 million to zero and has instead made progress on launching its own lottery website in the country.
 
Jumbo teamed with Sorteo in 2012 to further its ambitions regarding the Mexican online lottery market, and expected to be fully operational by the middle of 2013. However, after delays the company ended its operational relationship with Sorteo in March.
 
Ververka still has high hopes for the Mexican lottery market, saying in a release to the Australian Stock Exchange:
 
“Mexico still represents an enormous opportunity for Jumbo despite the initial setbacks. Significant progress has been made in launching our Mexican lottery website to a population of 118 million people.”
 
Nevertheless, the company expects its total transaction value and net profit after tax for the year ending June 30 2014 to be slightly lower than 2013.
 
Jumbo's Australian business continues to progress, with the number of customer accounts up 9.6 percent to 1.72 million, and sales through the company’s ozlotteries.com site increasing by 4 percent....a little lower than in previous years.
 
In Germany, the company has connected with all sixteen of the German state lotteries, opening access to more German lottery fans. Saarland was the final state to go live with Jumbo’s offering via Jumbolotto.de.



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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