Vera&John rise offsets Jackpotjoy decline in JPJ 2018 results

By Matthew Enderby

JPJ Group increased its revenue to £319.6m ($423.2m) for 2018, rising 10%.

The operator reported adjusted EBITDA for the year of £112.7m, a 9% increase. The group sold its social business for £18m in August, and says it now exclusively focuses on its core activity of real money gaming.

In March, JPJ completed the sale of Mandalay to 888 Holdings for £18m, with brand strategy in the UK now concentrated on subsidiary, Jackpotjoy.

Revenue for Jackpotjoy saw a slight decrease for 2018, dropping from £216.1m for 2017 to £216m. Adjusted EBITDA for the year was down 4% to £93m.

JPJ’s second subsidiary, Vera&John, experienced different fortunes and increased revenue by 42% to £103.6m. Adjusted EBITDA margins rose 71% for the year.

JPJ says its products predominantly appeal to female customers who, in general, are less targeted by sports-focused operators and are attached to the social element of games.

The average age by device shows 42 year-olds playing desktop computers, 40-year olds on tablets and 33 year-olds on mobile phones.  

Neil Goulden, Executive Chairman, said: "I am pleased with the progress we made in 2018 as JPJ Group plc continued to deliver on its strategy.

"We have reported record revenue and adjusted EBITDA, growing 10% and 9% respectively, demonstrating the benefits of our diversified geographic footprint."


Share This Post


More News

After a second period of COVID-19 forced closures, French casinos are set to reopen their doors from 15 December, according to trade union Casinos de France. France has been in its second...

Gambling Insider speaks with Ocean Casino Resort CEO Terry Glebocki and AGS CEO David Lopez about