Licensing

Jumbo Interactive secures British B2B Licence

2 minutes read
Australian digital lottery retailer and supplier Jumbo Interactive has been granted a remote gambling software operating licence by the British Gambling Commission.

The licence enables Jumbo to supply its proprietary software-as-a-service (SaaS) online platform to Commission-licensed operators.

The software licence is an addition to the external lottery manager operating licences, both remote and non-remote, held by Jumbo’s wholly owned UK subsidiary, Gatherwell.

“We are delighted to achieve this international expansion milestone which, together with our local subsidiary Gatherwell, will drive our growth strategy in the UK charities market” said Mike Veverka, Jumbo’s CEO and executive director.

“This is an important step in Jumbo expanding its footprint in the UK following the great work carried out by the Gatherwell team to date”.

The licence allows Jumbo to make available its dual offering in the UK market, consisting of a pure play SaaS solution, and a managed charities solution, operated by Gatherwell.

Jumbo considers its immediate addressable market to be society and local authority lotteries, it said.

Results released in October showed that the supplier expected to record a 2% year-on-year decline in revenue for the three months ended 30 September, despite predicting a rise in sales for the period.

Jumbo made its first agreement with a government-owned lottery earlier this month, as it agreed to supply Western Australia’s Lotterywest with its online software platform and related services.

The supplier also extended its long-term reseller agreement with Tabcorp this year, in a deal which saw Jumbo continue to resell lottery products in New South Wales, Victoria, South Australia, Northern Territory, Australian Capital Territory and Tasmania, as well as international jurisdictions, for a further ten years until 2030.

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