JPJ becomes more international

JPJ becomes more international

Online bingo operator JPJ (JPJ) is steadily becoming a more international business. Analysts at Numis estimate that less than half of the group’s sales now come from the UK, compared with 66 per cent when the gambling company went public. This dependence is expected to reduce further as international markets continue to grow more quickly, and fears of tighter regulation in the UK intensify. The 10 per cent increase in net gaming revenue to £320m was driven in part by a 42 per cent improvement under the Vera&John business, with strong performance in Japan highlighted by management. The underlying technology platform has allowed Vera&John to geographically diversify from its Scandinavian base into Germany, Asia, and Brazil.

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