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Jumbo Interactive Revenue Up 29% for First Half of 2021-22 Financial Year

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Jumbo Interactive Limited has announced that revenue for the first six months of the 2021-22 financial year was up 29% year-on-year to AU$52.8m (US$38.1m).

The Australian lottery business has seen healthy growth across most key performance metrics, including group total transaction value (TTV), which is up 41% year-on-year to nearly AU$328m.

Lottery retailing was the mainstay of Jumbo’s business for H1, delivering AU$46.7m in underlying revenue, though its emerging software-as-a-service (SaaS) and managed services business segments grew considerably.

Revenue from these areas amounted to AU$4m and AU$2.1m for roughly 145% and 41% growth respectively, while SaaS TTV more than doubled year-on-year.

Jumbo attributed its SaaS revenue growth to the scaling up of existing customers in Australia, as well as having a full six months of Lotterywest, with whom it signed a ten-year agreement in late 2020 for its online platform and related services.

Mike Veverka, Founder and CEO of Jumbo Interactive, said: “We are very pleased with the growth that we have achieved this half, across all our operating segments, and the positive momentum across the business.

“Lottery retailing continues to perform exceptionally well, underpinned by the improved jackpot cycle and our focus on player engagement and retention.

“Our SaaS and managed services segments continue to demonstrate good organic growth, with all our Australian SaaS clients contributing on a full run-rate basis.”

Australia

The Star Shuts Down EGMs and ETGs at All Three Australian Casinos Due to “System Performance Issues”

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Electronic gaming machines (EGMs) and electronic table games (ETGs) at all three of Star Entertainment Group’s Australian casinos remained offline on Monday following what it describes as “system performance issues” related to the introduction of cashless gaming technology. The machines had gone dark on Saturday evening.

According to information released by the company via an ASX announcement, the issue relates to planned upgrades to The Star’s systems in readiness for the introduction of cashless gaming.

“Certain of The Star’s systems have been disrupted due to system performance issues identified in post-upgrade testing which resulted in the decision to switch off all Electronic Gaming Machines and Electronic Table Games in each of The Star’s three properties from 10:00 pm onwards on 13 July 2024 until the issue is resolved,” Star said.

“The decision was taken by The Star to ensure compliance with relevant regulations, and to maintain the company’s commitment to safer gambling procedures.”

Star explained that it is working with its systems provider Konami to address the issues but said its properties – Treasury Brisbane, The Star Gold Coast and The Star Sydney – remain open with table games still operational.

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Australia

Sportradar Secures First Pitch at Regulating the Game 2025 in Sydney

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Sportradar is participating at the Regulating the Game conference, and has secured the first pitch with a quickfire talk on “Effective Regulation Through Innovative Technological Solutions”.

Pitch! is a networking event that as part of the Regulating the Game conference seeks to ignite innovation, champion compliance, and propel the gambling industry “toward unparalleled excellence in regulatory achievements”.

“It is a stage for ideas that elevate operational capability, streamline processes, and confront compliance and regulatory hurdles head-on. More than just a platform, Pitch! is a crucible for change, offering insights into how policy can transition into practice for tangible improvements in regulatory policy and supervision,” the event’s organizers said of the Pitch! feature.

The event shines a spotlight on initiatives that foster ethical leadership, promote safer gambling, and bolster defenses against financial crime and money laundering. As the second networking highlight of the conference, Pitch! combines hospitality, food, and drinks with pitches and entertainment, orchestrated under the guidance of special guest host and sponsor Norths Collective.

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Australia

Australian eSports Star Eyeing World Cup Glory

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Australian simulation racer Joshua Rogers recently secured the ESL R1 drivers’ championship after dominating the virtual Circuit de Spa in his digital Porsche 911 GT3 R.
The victory cements his status as a dominant force in the sim racing world and has propelled him to the eSports World Cup (EWC) in Saudi Arabia.
Rogers and his teammates will now aim to showcase their talents at an event which is putting the Middle East firmly on the global eSports map.

Rogers on Track to Win Big for Porsche

Under the banner of the Porsche Coanda eSports Racing team, Rogers entered the final round of the ESL R1 championship as the clear favorite, and he didn’t disappoint.
The Australian delivered an outstanding performance at the Circuit de Spa, launching a dramatic last-gasp attack to secure his third consecutive win.
The victory solidified his position at the top of the ESL R1 Drivers’ rankings with 183 points and ensured his spot in the final round of the EWC finals.
Scheduled to be staged in Riyadh from August 22-25, the EWC promises to be a fiercely competitive tournament as 48 drivers battle for a mouth-watering $100,000 prize purse.
The wining driver will walk away with $25,000, while Team Porsche stands to win up to $170,000 in the team competition.
Rogers’ presence in the competition will garner plenty of interest in his homeland, particularly among sports bettors who enjoy wagering on motorsports.
Horse racing has traditionally dominated the landscape in Australia – a point evidenced by the number of sites which offer racing tips on the sport.
However, a different type of racing looks set to capture the imagination of the Australian betting community, largely fueled by Rogers’ exploits in eSports.
Betting on EWC events has already proved to be popular this summer, but looks guaranteed to ramp up a notch when the motorsports tournament is staged.

EWC Attracts Interest from Global Brands

The betting sector is not alone in recognizing the potential in eSports, with numerous major brands eager to jump on the bandwagon.
They include integrated energy and chemicals company Aramco, who have announced the extension of their partnership with the eSports World Cup Foundation (EWCF).
The firm has sponsored this summer’s EWC tournament in Riyadh, building on previous sponsorships of tournaments such as Gamers Without Borders and Gamers8: The Land of Heroes.
Aramco’s involvement with the EWC aligns with the company’s long-term ambition to promote economic development and diversification in Saudi Arabia.
Partnering with the EWCF will help Aramco provide new opportunities for young people, deliver critical educational skills, and help build a diverse and dynamic Saudi economy.
The collaboration will also create a lasting positive impact on the world of eSports. It will showcase Saudi talent on the global stage and inspire today’s youth through the exciting world of gaming.

New Global Sport Conference Will be a Fitting Climax to the EWC

The EWC showpiece also coincides with the second edition of the New Global Sport Conference (NGSC) 2024 at the Four Seasons Hotel in Riyadh on August 24-25.
Themed ‘The Future of Fandom’, the conference will explore how fan engagement has transformed the gaming industry, creating new opportunities for unique experiences, innovative revenue streams and groundbreaking technological development.
The NGSC’s goal is to support the growth of the gaming and eSports sectors in Saudi Arabia, aligning with the Kingdom’s Vision 2030 to become a global gaming hub.
This year’s event will be an integral part of the action-packed closing weekend of the EWC, featuring a grand closing ceremony and the newly announced eSports Awards.
The conference will bring together the biggest names in gaming, sports, business and technology, serving as a platform to discuss the future of these industries.
NGSC 2023 set a high standard last year by announcing the launch of the EWC with His Royal Highness Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, and other industry leaders from across the globe in attendance.
Building on that success, the NGSC 2024 will feature multiple stages and workshops over a new two-day program, accommodating around 800 guests to discuss the future of eSports, sports and gaming.

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