Industry News

JPJ Group sells social casino business

Published

7 years ago

September 4, 2018

Niji Narayan

Reading Time: < 1 minute

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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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.