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Jumbo Interactive Expecting Revenue to Exceed Expectations

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Digital lottery company Jumbo Interactive has provided an update on its preliminary FY22 results which will be released to the market on August 26. The preliminary results, which remain subject to Board and external audit review, reflect strong double digit growth across all key performance metrics.

Mike Veverka, CEO and Founder of Jumbo, said: “We are very pleased with the strong growth that we have achieved in FY22 off the back of an improved jackpot cycle. FY22 has been a pivotal year for Jumbo as we build the foundations to successfully execute on our global growth strategy. Lottery Retailing is exceptionally well positioned to benefit from the ongoing shift to digital and the new OzLotto game launched in May 2022 while the integration of Stride and StarVale will help us build scale in our Managed Services and SaaS segments globally.”

The domestic jackpot environment remains supportive with 43 Powerball/OzLotto jackpots greater than or equal to $15m in FY22, compared to 38 in FY21, with the average value of these jackpots up 28%. The second half of the financial year benefitted from a $120m Powerball jackpot in February 2022, the first jackpot greater than $100m since September 2019. This, however, was followed by significantly lower jackpot activity in March and April 2022, with peak monthly Jackpots of $20m, before increasing to $80m and $60m in May and June respectively.

Australia

ACMA Blocks More Illegal Gambling Websites

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The Australian Communications and Media Authority (ACMA) has requested the Australian internet service providers (ISPs) to block more illegal gambling websites, after investigations found these services to be operating in breach of the Interactive Gambling Act 2001.

The latest sites blocked include Richard Casino and Wanted Win.

Website blocking is one of a range of enforcement options to protect Australians against illegal gambling services. This action can be taken if a service is:

  • providing prohibited interactive gambling services to customers in Australia (such as online casinos, online slot machines and services that allow in-play online sports betting)
  • providing an unlicensed regulated interactive gambling service to customers in Australia (such as online betting services that don’t have a valid Australian licence)
  • publishing ads for prohibited interactive gambling services or unlicensed regulated interactive gambling services in Australia.

Since the ACMA made its first blocking request in November 2019, 1,011 illegal gambling and affiliate websites have been blocked. Over 220 illegal services have also pulled out of the Australian market since the ACMA started enforcing illegal offshore gambling rules.

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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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