Jumbo Interactive
Oz lotteries | |
Website | https://www.jumbointeractive.com/ |
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Jumbo Interactive Limited is an Australian
History
Jumbo Interactive was founded by Mike Veverka[3] in 1995 as a software developer and an Internet Service Provider in Queensland, Australia. In 1999, the company listed on the Australian Stock Exchange as Jumbomall.com[4]
Focus shifted towards internet lotteries when the
In May 2017 Tatts Group invested $15.6 million in Jumbo, and acquired a 15% stake.[6]
In November 2019, Jumbo acquired the UK lottery manager Gatherwell Limited, which creates, launches and manages lottery systems.[7]
In November 2020, Jumbo signed an agreement with Lotterywest to provide its online software platform and services for up to the next 10 years.[8]
In November 2022, it was announced Jumbo had completed the acquisition of the UK-based external lottery manager and digital payments business, StarVale Group.[9]
Financial statements
At the end of financial year 2016, Jumbo Interactive's TTV (total transaction value) was $156 million. The company's website
Comparing like-for-like jackpots, sales are growing consistently, with the TTV for FY2017 reaching $142 million. The 2017 financial year saw Jumbo reach a net profit after tax of $7.6 million on a continuing basis.
In 2019 Jumbo's share price increased by 263% during the first 10 months of the year.[10]
By November 2020 the company experienced a significant share price movement during the third quarter of the year on the ASX, rising to highs of AU$14.97 and falling to the lows of AU$10.63.[11]
References
- ^ McArthur, Tim (23 August 2015). "Could investors hit the jackpot with Jumbo Interactive Ltd?". Motley Fool Australia.
- ^ "JIN News, Analysis, Announcements & Results | Jumbo Interactive Limited | AFR". Australian Financial Review. Retrieved 8 March 2021.
- ^ "Mike Veverka Net Worth (2021) – wallmine.com". au.wallmine.com. Retrieved 8 March 2021.
- ^ "Jumbomall to get Nasdaq quote". Australian Financial Review. 1 December 1999. Retrieved 8 March 2021.
- ^ "Jumbo to Acquire Manaccom". Jumbo Interactive. 25 June 2007.
- ^ "Tatts Acquires 15% Stake in Jumbo & Extends Agreements". The Drop. Retrieved 8 March 2021.
- ^ "Australia's Jumbo buying UK lottery manager Gatherwell for £5M". www.spglobal.com. Retrieved 8 March 2021.
- ^ Miller, George (16 November 2020). "Jumbo signed an agreement with Lotterywest". European Gaming Industry News. Retrieved 8 March 2021.
- ^ Fletcher, Robert (2 November 2022). "Jumbo completes £23m acquisition of payments specialist StarVale". iGB. Retrieved 2 November 2022.
- ^ Richardson, Tom (4 October 2019). "Why the Jumbo Interactive share price is up 263% in 2019". The Motley Fool Australia. Retrieved 8 March 2021.
- ^ "Is Jumbo Interactive Limited (ASX:JIN) Potentially Undervalued?". finance.yahoo.com. Retrieved 8 March 2021.