Issuing a pre-close update for its full-year results to December 31, 2018, UK-based Jackpotjoy said that the Vera&John casino brand was continuing to help the operator ride out responsible gaming woes in its home market.
In a statement, JPJ said: “Overall, the board is confident that the group will report FY 2018 revenue and adjusted EBITDA at the upper end of current market expectations for the period.
“2018 has seen some consistent trends across the group with the stand-out being strong organic growth at Vera&John across a number of international markets. Meanwhile, the JPJ segment has reflected the consequences of the introduction of enhanced responsible gambling measures in the UK.”
It is something of a recurring theme for Jackpotjoy, which in Q3, reported a 40 per cent revenue increase for Vera&John, driven primarily by organic growth
Executive chairman Neil Goulden said in the statement: “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.”