After an exceptionally bad year for trading in the UK due to compliance regulations, UK based Jackpotjoy are back on track thanks to Vera & John’s upward organic growth in a number of International markets.
International Market Growth
Statistics revealed by the JPJ Group have shown an upturn in figures after (EBITDA) adjusted earnings before interest, tax depreciation and amortisation were at the higher end of the market.With the growth in some international markets for Vera&John, this has been a significant help in offsetting the problems of Jackpotjoy. The figures have seen a decrease in profits due to the strict compliance laws in the UK.
Growth Opportunities
JPJ Executive Chairman Neil Goulden, said, “ We are pleased with the performance of the group during 2018, as we continue to take advantage of the growth opportunities present in International markets, notwithstanding what has been a challenging regulatory backdrop in the UK.“We Enter 2019 in a strong position to deliver further growth and to create value for shareholders.”Under the same JPJ umbrella are InterCasino, StarSpins and Botemania, JPJ gained a Swedish licence to launch Vera&John and InterCasino into the newly regulated market.