Connect with us

Australia

Jumbo Interactive Announces FY2020 Results

Published

on

Reading Time: 3 minutes

Australian online lottery retailer Jumbo Interactive has announced its FY2020 results. The company has reported an 8.7% year-on-year growth in revenue and is now targeting growth in markets such as the UK, US and Canada as it aims to increase sales to AU$1bn. Total sales for the 12 months to 30 June amounted to AU$348.6m ($251.0m), with revenue rising from $65.2m to $71.2m.

Its core Australia Lotteries saw revenue increase 6.9% year-on-year to $68.7m, aided by a $260,000 contribution from its burgeoning software-as-a-service business, as well as large jackpots driving customer activity.

In terms of spending for the year, costs of sales were up 5.1% to $5.3m, while administrative expenses also increased 46.5% to $23.6m. However, Jumbo was able to reduce marketing costs by 19.9% to $5.6m, while occupancy expenses were cut by 86.0% to $104,000 for the year.

After taking into account $222,000 in finance costs and $176,000 in fair value movement on financial liabilities, this left Jumbo with a $37.4m profit before tax, down slightly from $38.2m at the end of its 2019 financial year.

Jumbo paid $11.5m in tax during the year, and after also including a $676,000 negative impact from foreign currency translation, this meant comprehensive profit for the year amounted to $25.2m, down 4.6% from $26.4m in 2019. However, in terms of underlying earnings before interest, tax, depreciation and amortisation, this increased by 7.7% to $43.2m.

“The online lottery industry has experienced further growth and this is expected to continue, especially as we broaden the charity lottery tickets we are now selling through our Powered by Jumbo software, which we feel will not only assist our profitability but also the deserving charities we are focusing on. We have often been asked if the Covid-19 pandemic has had an effect on our operation. With the experience of our major shareholder and CEO Mike Veverka and his very skilled staff, we have been able to continue to work both within the office and from the staffs’ respective homes,” David Barwick, chairman of Jumbo Interactive, said.

Veverka said that with online sales of lottery tickets accounting for 28% of Australian sales, the industry “clearly has a lot of growth ahead.”

“Lotteries are perfect for the internet and customers enjoy a top quality experience whether they play on OzLottries.com or another lottery using the Jumbo platform. Continual innovation is driving the customer experience even higher and is ensuring lotteries continue to remain popular into the future.”

Veverka also highlighted Jumbo signing a long-term extension to its reseller agreement with Australian lotteries and gaming operator Tabcorp, saying this will help to support its growth plans moving forward.

“The recent 10-year agreement with Tabcorp is an important milestone as it gives Jumbo certainty and the ability to plan long term. The next 10 years will be exciting as the internet share of ticket sales race up as players, young and old, enjoy the experience of playing online,” he said.

“From humble beginnings with a single computer in 1995, Jumbo has navigated many challenges and is ready for the growth that lies ahead. Our staff and partners over the years deserve enormous credit for this growth due to their efforts and trust in the vision to grow through technology,” he added.

Jumbo’s international lottery advisor Richard Bateson said that the retailer has identified opportunities for its iLottery and iRetailer solutions in the US, as more states move lotteries online.

“The iLottery proposition provides lotteries with an integrated digital lottery channel that is more efficient and effective than its industry competitors. The iRetailer proposition provides lotteries with a standalone digital channel that is self-sufficient and does not require operating cost or marketing budget to be diverted from the lottery’s main operations,” Bateson said.

“Once there is an established foothold in Canada, management believes the model can be exported to other parts of the North American region, using the expertise of the local market in adjacent markets. The international ambition is to drive sustainable businesses in the UK, the US and Canada that will be used as a beachhead in each region to grow into other markets and sectors,” Bateson added.

Powered by WPeMatico

Continue Reading
Advertisement

Australasian Hospitality & Gaming Expo

Light & Wonder to Showcase its Latest Gaming Innovations at AHGE 2026

Published

on

light-&-wonder-to-showcase-its-latest-gaming-innovations-at-ahge-2026

Light & Wonder Inc. has announced that it will showcase its latest gaming innovations at the Australasian Hospitality & Gaming Expo (AHGE) in Brisbane, Australia March 25–26. The show offers operators an opportunity to get a first-hand look at the new COSMIC DUAL cabinet alongside a portfolio of high-performing game content, player engagement solutions and electronic table game innovations.

“At Light & Wonder, we remain focused on delivering innovation that helps our customers create more engaging experiences for their players. The introduction of the COSMIC DUAL cabinet, alongside our latest portfolio of games and player engagement solutions, reflects our continued investment in hardware, content, and systems designed to drive performance across the gaming floor,” said Siobhan Lane, Chief Executive Officer of Gaming at Light & Wonder.

Visitors to Booth #194 can experience the latest evolution of Light & Wonder’s globally successful COSMIC hardware family with the all‑new COSMIC DUAL cabinet. Designed to deliver enhanced player experience and improved operational efficiency, COSMIC DUAL combines next-generation hardware with a sleek, modern design. The cabinet features dual Wide Color Gamut-enabled HD displays delivering vibrant graphics and smooth animations, plus an enhanced floating AR‑1 iDECK button panel with a larger player interface and signature cosmic lighting to stand out on casino floors.

The COSMIC DUAL cabinet’s debut will be supported by a curated lineup of new game content designed for the Australian market, including exclusive launches and elevated extensions of proven regional performers. Highlights include the exclusive JIN CHAN Repeat Win game family, alongside enhanced versions of fan‑favorite brands such as EUREKA N’ EVEN MORE BLASTIN’ and PIGGY N’ EVEN MORE BANKIN’. Also on display will be LOCK N’ MORE LINK, featuring familiar themes including PIGGY N’ MORE BANKIN’, EUREKA N’ MORE BLASTIN’, HUFF N’ MORE PUFF, and CATS HATS N’ MORE BATS.

In addition to its gaming portfolio, Light & Wonder will highlight systems solutions designed to enhance player engagement and streamline casino operations. The Patron Kiosk platform will be showcased as a flexible self-service solution that allows guests to access player club services, redeem rewards, and manage accounts through a modern, intuitive interface. The Display Manager Patron Kiosk platform extends these capabilities directly to the gaming machine, enabling players to access rewards, promotions, and event entries without leaving their game.

Light & Wonder will also showcase electronic table game innovations such as the QUARTZ VEGAS STAR platform, which offers immersive gameplay through titles like Roulette, ROULETTEX, and Tiger Baccarat. This platform is designed to elevate the electronic table games experience. The GM ATLAS Progressive Table system will feature games ULTIMATE TEXAS HOLD ‘EM, FREE BET BLACKJACK, DOUBLE HOOK POKER, and DOUBLE DOWN MADNESS, offering operators fresh ways to engage players at tables.

The Company will also shine a spotlight on the QUARTZ HYBRID terminal which brings several side bets from L&W’s extensive library of table games. These include DRAGON BONUS & LUCKY 6 side bets for Baccarat as well as stadium play for ROULETTE, ROULETTEX, STADIUM BLACKJACK, CASINO WAR, and THREE CARD POKER.

The post Light & Wonder to Showcase its Latest Gaming Innovations at AHGE 2026 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Aristocrat Gaming

Aristocrat Gaming to Participate in Australian Hospitality & Gaming Expo

Published

on

aristocrat-gaming-to-participate-in-australian-hospitality-&-gaming-expo

 

Aristocrat Gaming is going to participate in the Australian Hospitality & Gaming Expo (AHG) this March.

Taking place from the 25 – 26 March at the Brisbane Convention & Exhibition Centre, Aristocrat Gaming will give customers a first-class pass to see their brand-new line up of content for the Australian and New Zealand markets, supported by its show-stopping hardware, The Baron Upright.

Demonstrating the continued growth of their portfolio for clubs, hotels and casinos across ANZ, Aristocrat Gaming will have a broad line-up of new games for this region. Players will be delighted with the new entertainment options, whilst giving customers a competitive edge in a very strong hospitality market.

“Our studio teams here in Australia, and across the world, have been focused on delivering ANZ-first content for players and we’re incredibly proud to show that to customers at the expo” said David Ronson, Managing Director Aristocrat Gaming ANZ.

“There are now also over 10,000 Baron Upright cabinets across Australia and New Zealand and we can’t wait to continue building that momentum with an exciting line up of new content for our customers that drive their business forward,” said David.

Cash Express Legend and Dragon Vault are two new games launching at the show, accompanied by Cash Horns and Jackpot Tales – two new game families that were released in late February. Highlights of the content line-up includes:

• Cash Express Legend – Reimagines the classic game theme with all new trains and games. The iconic train feature returns, but it’s enhanced with four trains, new jackpots, plus Repeat Win and feature-in-feature Hold & Spin.

• Dragon Vault – A strong game in North America, this game has been re-designed for the Australian player with stunning Asian themed games. The symbol-driven “Overlapping Bonuses” feature enables Hold & Spin upgrades.

• Cash Horns – A rampagingly good game featuring charging bulls, it features easy-to-follow game play, and multi-level Hold and Spin.

• Jackpot Tales – Combines all-time classic stories with up-to-date game play for an exciting experience where players take on a quest for golden treasure chests.

With an ever-expanding portfolio, Aristocrat Gaming continues to support the existing fleet, including new games for Heaven and Earth as well as Thunder Empire X, all of which will be on display at the expo.

The Gaming Systems business from Aristocrat Interactive will also showcase how it is innovating the patron experience. It provides venues with a powerful, all-in-one platform for player engagement, promotions, membership management and real-time gaming performance reporting. It’s designed for scalability to enable venues to seamlessly add modules to suit the growth of their business.

The post Aristocrat Gaming to Participate in Australian Hospitality & Gaming Expo appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Australasian Hospitality and Gaming Expo

IGT Showcases Integrated Gaming, Systems, and FinTech Innovations Designed to Drive Growth at Australasian Hospitality and Gaming Expo 2026

Published

on

igt-showcases-integrated-gaming,-systems,-and-fintech-innovations-designed-to-drive-growth-at-australasian-hospitality-and-gaming-expo-2026

IGT has announced that it will present a dynamic portfolio of games, systems and financial technology (FinTech) innovations at the 2026 Australasian Hospitality and Gaming Expo (AHG) in Brisbane, Queensland, March 25-26. In stand #9, IGT will highlight localised content and its unique capacity to integrate gaming systems and FinTech solutions to drive operational efficiency, revenue growth and player engagement.

“The Australasian Hospitality and Gaming Expo provides an excellent opportunity for IGT to demonstrate how our transformation can create value for our customers in Australia and New Zealand. We’re showcasing a strong regional portfolio of games, systems and FinTech that highlights our focus on expanded capabilities and enhanced content. We’re excited to present locally attuned versions of global hits such as Tiger and Dragon and Rising Rockets, plus regional games such as Golden Guardian Link and Hot Stuff Link, which both offer IGT’s new Superlink jackpot opportunities,” said Hector Fernandez, IGT Incoming CEO.

Product highlights within IGT’s AHG 2026 stand will include:

Versatile, next-generation Superlink jackpot: Superlink is a reimagined jackpot offering that affords operators additional choice and configurability options, while reducing jackpot liabilities across the gaming floor. Compatible with link games on IGT’s PeakDual27 and PeakCurve49 cabinets, Superlink jackpot will be showcased across IGT’s stand.

New, locally designed games: IGT’s Golden Guardian Link will debut at AHG, introducing a compelling hold-and-spin mechanic with super symbols that heighten the gameplay experience. IGT will also showcase the vibrant, chili-themed Hot Stuff Link, featuring a new prize wheel mechanic, and Bandit Link, a proven performer in the region that delivers fast-paced, high-volatility action.

Localized versions of global hits: IGT’s Tiger and Dragon and Rising Rockets multi-level progressive (MLP) games will be focal points of IGT’s AHG showcase. Featuring the player-favorite three-pot mechanic, global appeal and content-rich bonuses, these titles can help regional operators diversify their floors with proven titles with wide appeal.

Systems portfolio emphasizes seamless player and operator experience: enhancements to the IGT ADVANTAGE CLUB system will introduce additional player engagement opportunities, including the new Point Explosion bonus game. IGT’s systems advancements also help reduce friction within the solution’s anti-money laundering (AML) functionality via new EZ Automate, EZ Budget and EZ Reporting features.

Award-winning FinTech solutions: Everi, an IGT brand, will present the prestigious Everi Premium Cash Redemption Terminal (CRT), now compatible with tap functionality for smooth digital card interactions. In addition, Everi cash handling, compliance, RegTech, and payment solutions, featuring existing integrations with IGT systems, will be showcased via demos of digital wallet and card solutions implemented in New South Wales casinos and clubs.

The post IGT Showcases Integrated Gaming, Systems, and FinTech Innovations Designed to Drive Growth at Australasian Hospitality and Gaming Expo 2026 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania