Jumbo Interactive Limited is an Australian corporation and reseller of lottery games in Australia under agreement with government licensed lottery operator Tatts Group.[1] Jumbo Interactive operates ozlotteries.com, one of Australia's largest e-commerce websites retailing Australian lotteries, such as Saturday Lotto, Oz Lotto and Powerball. Jumbo Interactive is a publicly listed corporation on the Australian Stock Exchange (ASX:JIN).[2]
Jumbo Interactive was founded by Mike Veverka[3] in 1995 as a software developer and an Internet Service Provider in Queensland, Australia. In 1999, the company listed on the Australian Stock Exchange as Jumbomall.com[4]
Focus shifted towards internet lotteries when the Interactive Gambling Act was passed by the Australian Parliament in 2001. Starting with smaller state-based charity lotteries, the company shifted to national lottery games with the acquisition of TMS Global Services in 2005. This business operated a lottery network since 1984 in various Pacific nations in agreement with Tattersalls. Jumbo acquired Manaccom, a software publisher, in 2007[5] and focus shifted towards the Internet and to the development of Oz Lotteries website, which continues to this day, having serviced in excess of 1.5 million customers.
In May 2017 Tatts Group invested $15.6 million in Jumbo, and acquired a 15% stake.[6]
In November 2019, Jumbo acquired the UK lottery manager Gatherwell Limited, which creates, launches and manages lottery systems.[7]
In November 2020, Jumbo signed an agreement with Lotterywest to provide its online software platform and services for up to the next 10 years.[8]
In November 2022, it was announced Jumbo had completed the acquisition of the UK-based external lottery manager and digital payments business, StarVale Group.[9]
Financial statementsedit
At the end of financial year 2016, Jumbo Interactive's TTV (total transaction value) was $156 million. The company's website Oz lotteries continued its unbroken run customer growth since relaunch in 2005 with its database increasing by 10% even in a period of reduced jackpots.[citation needed]
Comparing like-for-like jackpots, sales are growing consistently, with the TTV for FY2017 reaching $142 million. The 2017 financial year saw Jumbo reach a net profit after tax of $7.6 million on a continuing basis.
In 2019 Jumbo's share price increased by 263% during the first 10 months of the year.[10]
By November 2020 the company experienced a significant share price movement during the third quarter of the year on the ASX, rising to highs of AU$14.97 and falling to the lows of AU$10.63.[11]
Referencesedit
^McArthur, Tim (23 August 2015). "Could investors hit the jackpot with Jumbo Interactive Ltd?". Motley Fool Australia.
^"JIN News, Analysis, Announcements & Results | Jumbo Interactive Limited | AFR". Australian Financial Review. Retrieved 8 March 2021.
^"Mike Veverka Net Worth (2021) – wallmine.com". au.wallmine.com. Retrieved 8 March 2021.
^"Jumbomall to get Nasdaq quote". Australian Financial Review. 1 December 1999. Retrieved 8 March 2021.
^"Jumbo to Acquire Manaccom". Jumbo Interactive. 25 June 2007.
^"Tatts Acquires 15% Stake in Jumbo & Extends Agreements". The Drop. Retrieved 8 March 2021.
^"Australia's Jumbo buying UK lottery manager Gatherwell for £5M". www.spglobal.com. Retrieved 8 March 2021.
^Miller, George (16 November 2020). "Jumbo signed an agreement with Lotterywest". European Gaming Industry News. Retrieved 8 March 2021.
^Fletcher, Robert (2 November 2022). "Jumbo completes £23m acquisition of payments specialist StarVale". iGB. Retrieved 2 November 2022.
^Richardson, Tom (4 October 2019). "Why the Jumbo Interactive share price is up 263% in 2019". The Motley Fool Australia. Retrieved 8 March 2021.
"Jumbo Interactive back from the dead", Australian Financial Review
Asia Pacific Lottery Association
World Lottery Association
January 01, 1970
jumbo, interactive, limited, australian, corporation, reseller, lottery, games, australia, under, agreement, with, government, licensed, lottery, operator, tatts, group, operates, ozlotteries, australia, largest, commerce, websites, retailing, australian, lott. Jumbo Interactive Limited is an Australian corporation and reseller of lottery games in Australia under agreement with government licensed lottery operator Tatts Group 1 Jumbo Interactive operates ozlotteries com one of Australia s largest e commerce websites retailing Australian lotteries such as Saturday Lotto Oz Lotto and Powerball Jumbo Interactive is a publicly listed corporation on the Australian Stock Exchange ASX JIN 2 Jumbo Interactive LimitedCompany typePublicly listed entityTraded asASX JINIndustryLotteriesFounded1995FounderMike VeverkaHeadquartersBrisbane AustraliaKey peopleMike Veverka Founder CEO and Major Shareholder David Barwick Chairman ProductsLotteries Interactive TechnologyRevenueA 24 1 million FY2014 SubsidiariesOz lotteriesWebsitehttps www jumbointeractive com Contents 1 History 2 Financial statements 3 References 4 External linksHistory editJumbo Interactive was founded by Mike Veverka 3 in 1995 as a software developer and an Internet Service Provider in Queensland Australia In 1999 the company listed on the Australian Stock Exchange as Jumbomall com 4 Focus shifted towards internet lotteries when the Interactive Gambling Act was passed by the Australian Parliament in 2001 Starting with smaller state based charity lotteries the company shifted to national lottery games with the acquisition of TMS Global Services in 2005 This business operated a lottery network since 1984 in various Pacific nations in agreement with Tattersalls Jumbo acquired Manaccom a software publisher in 2007 5 and focus shifted towards the Internet and to the development of Oz Lotteries website which continues to this day having serviced in excess of 1 5 million customers In May 2017 Tatts Group invested 15 6 million in Jumbo and acquired a 15 stake 6 In November 2019 Jumbo acquired the UK lottery manager Gatherwell Limited which creates launches and manages lottery systems 7 In November 2020 Jumbo signed an agreement with Lotterywest to provide its online software platform and services for up to the next 10 years 8 In November 2022 it was announced Jumbo had completed the acquisition of the UK based external lottery manager and digital payments business StarVale Group 9 Financial statements editAt the end of financial year 2016 Jumbo Interactive s TTV total transaction value was 156 million The company s website Oz lotteries continued its unbroken run customer growth since relaunch in 2005 with its database increasing by 10 even in a period of reduced jackpots citation needed Comparing like for like jackpots sales are growing consistently with the TTV for FY2017 reaching 142 million The 2017 financial year saw Jumbo reach a net profit after tax of 7 6 million on a continuing basis In 2019 Jumbo s share price increased by 263 during the first 10 months of the year 10 By November 2020 the company experienced a significant share price movement during the third quarter of the year on the ASX rising to highs of AU 14 97 and falling to the lows of AU 10 63 11 References edit McArthur Tim 23 August 2015 Could investors hit the jackpot with Jumbo Interactive Ltd Motley Fool Australia JIN News Analysis Announcements amp Results Jumbo Interactive Limited AFR Australian Financial Review Retrieved 8 March 2021 Mike Veverka Net Worth 2021 wallmine com au wallmine com Retrieved 8 March 2021 Jumbomall to get Nasdaq quote Australian Financial Review 1 December 1999 Retrieved 8 March 2021 Jumbo to Acquire Manaccom Jumbo Interactive 25 June 2007 Tatts Acquires 15 Stake in Jumbo amp Extends Agreements The Drop Retrieved 8 March 2021 Australia s Jumbo buying UK lottery manager Gatherwell for 5M www spglobal com Retrieved 8 March 2021 Miller George 16 November 2020 Jumbo signed an agreement with Lotterywest European Gaming Industry News Retrieved 8 March 2021 Fletcher Robert 2 November 2022 Jumbo completes 23m acquisition of payments specialist StarVale iGB Retrieved 2 November 2022 Richardson Tom 4 October 2019 Why the Jumbo Interactive share price is up 263 in 2019 The Motley Fool Australia Retrieved 8 March 2021 Is Jumbo Interactive Limited ASX JIN Potentially Undervalued finance yahoo com Retrieved 8 March 2021 External links editCompany Listing ASX Jumbo Interactive back from the dead Australian Financial Review Asia Pacific Lottery Association World Lottery Association Retrieved from https en wikipedia org w index php title Jumbo Interactive amp oldid 1119641336, wikipedia, wiki, book, books, library,
