Jackpotjoy narrows losses as Vera&John online casino shines

UK-listed online gambling operator Jackpotjoy managed to narrow its net losses in Q3 thanks to strong growth in its online casino operations.

Figures released Tuesday show Jackpotjoy’s gaming revenue rising 14% year-on-year to £75.4m in the three months ending September 30. For the year-to-date, revenue is up 14% to £222m.

The Q3 revenue gains were primarily driven by its mainstay Jackpoyjoy online bingo segment, which saw revenue rise 4% to £52.2m, with most of the rise credited to “substantial growth and progression” of the Starspins and Botemania brands.

Organic growth, including new jurisdictions, at the Vera&John online casino segment drove its revenue up 28% to £18.4m. The Mandalay bingo business saw revenue decline 8% to £4.9m.