Vera&John (VJ) is one of the biggest success stories in the online casino industry. Indeed, the company is one of the quickest-growing brands and most respected ones with players in the UK. And for Jackpotjoy (JPJ), the operator behind the brand, it’s also a gift from heaven. In fact, not long ago the company release its financial figures for 2018. And it seems that the blue and pink brand is mainly responsible for the groups’ success.
Strong organic growth
In a recent financial update, JPJ executives were extremely positive with the overall numbers of 2018. The board said that the JPJ team delivered results on the upper end of expectations. In fact, last year has seen some consistent growth across the group. But perhaps the most important trend is the strong organic growth at VJ.
What’s more is that the numbers show growth across international markets too. But, it’s not the first time that the brand stands behind the good overall numbers. Indeed, if you remember the last news we wrote about VJ, in Q3, the brand also generated a 40% revenue increase for the group.
Jackpotjoy
All and all, Vera&John sustains the group financially as seen above. Meanwhile, other JPJ brands faced new challenges. In essence, strict new gambling regulations on advertising in the UK are in the spotlight. Also, some financial institutions are now taking steps to tackle problem with casino gambling. And this may affect the JPJ brands, some say.
Yet, Neil Goulden the chairman of the group believes the company enters 2019 in a strong position. In a recent press release, the top executive highlighted that the group’s strategy is simple for the upcoming year and it revolves around more growth and value for shareholders. “We’re pleased with the performance of the group during 2018. We continue to take advantage of the growth opportunities present in the international markets. Notwithstanding what has been a challenging regulatory backdrop in the UK,” he commented.
