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Jackpotjoy's returns hobbled by interest commitments

The online bingo platform has been driving cash flow through 2017, but the substantial debt overhang remains
March 20, 2018

The difference between a gambler and a banker boils down to the size of the stake, so what are we to make of the £388m senior debt facility that Jackpotjoy (JPJ) secured at the end of 2017? Could it mean "the world’s largest online bingo-led operator" is a lock, or does it mean that lenders, like gamblers themselves, may find it harder to walk away from the table when they're on a losing streak?

IC TIP: Hold at 821p
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