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JPJ Group sells social casino business

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7 years ago

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JPJ Group sells social casino business
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Jackpotjoy Group, JPJ a major global online bingo-led operator based in Gibraltar, has confirmed it completed the formalities of the previously announced sale of its social business to Bagelcode, a South Korea-based casino company for an amount of £18.1 million.

Neil Goulden, Executive Chairman, commented: “The successful disposal of our social business enables the Group to exclusively focus on our core activity of real money gaming. Importantly, it also represents another positive step in our strategy to reduce net leverage, providing us with further optionality to create value for shareholders.”

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