One of the best online casino operators, Jackpotjoy PLC, narrowed its losses during Q1 (the first quarter) of the year. This is all thanks to one of its brands – Vera&John.
Jackpotjoy released its figures this week, and it showed that the casino gaming revenue increased by 13 percent to NZ$80.7 million. The adjusted wages fell by 7% percent, to NZD$27.1 million. The net income increased by 3%, to NZ$21.4 million. Read on and learn more below.
Jackpotjoy Statistics – Details
The online casino operator believes that the rise in marketing expenses caused the fall in the adjusted earnings. In addition, they also think that the increase in tax charges introduced in the last quarter of last year also played a significant part.
Vera&John is responsible for approximately 26% of the casino operator’s increase in the first quarter. The other pillars of the Jackpotjoy division – Botemania, Mandalay and Starspins casino all reported an income of 7% up to NZ$256 700 by the end of March 2018. The online gaming income per active player increased by 9%, up to NZ$95.
The chairman of the online casino operator, Neil Goulden reported to the media that their first quota made him very proud and is sure that better things are yet to come in the future. They hope to create a strong momentum by continuing with TV-advert campaigns, all the way through Q2. More so, they will be launching a new campaign in Spain as well, and they are hoping for nothing but the best.
Jackpotjoy stated that their main strategic target doesn’t change, which is decreasing the net debt for the company. More so, they promise online casino players nothing but a great gambling experience! However, be sure to check our website for the latest online gaming news in New Zealand.