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Jumbo Interactive Revenue Up 29% for First Half of 2021-22 Financial Year
Jumbo Interactive Limited has announced that revenue for the first six months of the 2021-22 financial year was up 29% year-on-year to AU$52.8m (US$38.1m).
The Australian lottery business has seen healthy growth across most key performance metrics, including group total transaction value (TTV), which is up 41% year-on-year to nearly AU$328m.
Lottery retailing was the mainstay of Jumbo’s business for H1, delivering AU$46.7m in underlying revenue, though its emerging software-as-a-service (SaaS) and managed services business segments grew considerably.
Revenue from these areas amounted to AU$4m and AU$2.1m for roughly 145% and 41% growth respectively, while SaaS TTV more than doubled year-on-year.
Jumbo attributed its SaaS revenue growth to the scaling up of existing customers in Australia, as well as having a full six months of Lotterywest, with whom it signed a ten-year agreement in late 2020 for its online platform and related services.
Mike Veverka, Founder and CEO of Jumbo Interactive, said: “We are very pleased with the growth that we have achieved this half, across all our operating segments, and the positive momentum across the business.
“Lottery retailing continues to perform exceptionally well, underpinned by the improved jackpot cycle and our focus on player engagement and retention.
“Our SaaS and managed services segments continue to demonstrate good organic growth, with all our Australian SaaS clients contributing on a full run-rate basis.”
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Quantum continues expansion streak with two director-level new hires
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One of betting and gaming’s best-known customer acquisition and comparison businesses, Quantum, has announced the next steps in its ambitious growth plan by welcoming two new director-level appointees.
Joining the business are Dimitris Papamichael as commercial director and Luke Watkin as marketing director – both in newly created roles. They come in alongside a full C-suite and a full team of new tech hires that continues a recruitment drive which began in 2023 – and reflects Quantum’s rapid and consistent growth throughout the last five years.
Papamichael will be responsible for all revenue-generating activities across the business in a pivotal leadership role. He’ll shape Quantum’s commercial strategy as the company diversifies into new verticals while maintaining its strong position in the iGaming sector. He’ll also lead an expanding team of commercial and sales managers.
Watkin will lead the development and execution of the marketing strategy across all business verticals. As marketing director, he’ll be instrumental in shaping Quantum’s marketing vision, building scalable systems, and delivering commercial impact as it expands into new markets. Watkin will build and mentor a high-performing marketing team and is also tasked with driving further recruitment.
Speaking of the appointments and new strategic direction, CMO James McCarthy said: “It’s a pleasure to welcome Dimitris and Luke to Quantum during what is undoubtedly a really fascinating time in our growth. From cementing our relationship with some of iGaming’s biggest names to helping us expand into exciting new sectors, both of our new Directors will be integral to the continued success of the business.”
Papamichael said: “I’m thrilled to be joining Quantum at such an exciting stage of its incredible growth journey. The company has already achieved so much, and there’s huge potential ahead as we expand into new markets and sectors. I can’t wait to work with the exceptionally talented team here to seize the many opportunities ahead and drive the next phase of growth.”
Watkin said: “I am delighted to join a business with such a proven track record of excellence in its core markets, as well as highly ambitious plans for strategic expansion into new markets and territories. I am looking forward to contributing towards building on the exceptional progress the team has made to date, and accelerating that growth in the years ahead.”
This people news comes hot on the heels of the company’s exciting rebrand news of last week, moving toward the “quantum” in QiH Group” as well as redefining the business’ purpose and strategic direction.
The post Quantum continues expansion streak with two director-level new hires appeared first on European Gaming Industry News.
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FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS”
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The post FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS” appeared first on European Gaming Industry News.
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PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT
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The post PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT appeared first on European Gaming Industry News.
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