Jumbo Interactive

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Jumbo Interactive Limited
Publicly listed entity
Traded as ASX: JIN
Industry Lotteries
Founded 1995
Headquarters Brisbane, Australia
Key people
Mike Veverka (Founder, CEO and Major Shareholder), David Barwick (Chairman)
Products Lotteries, Interactive Technology
Website www.jumbointeractive.com

Jumbo Interactive Limited is an Australian corporation and re-seller of lottery games in Australia under agreement with Government Licensed Lottery Operator Tatts Group [1] and in Germany via various agreements with state lottery operators.[2] 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).

History[edit]

Jumbo Interactive was founded by Mike Veverka 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, a concept to provide e-commerce services to merchants around the globe wishing to sell products via the internet.

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. Focus shifted towards the Internet and to the development of Oz Lotteries website [3] which continues to this day, having serviced in excess of 1.5 million customers.

Jumbo Interactive has agreements with 3 state lotteries; New South Wales, Victoria and South Australia (operated by the Tatts Group).

In March 2013, Jumbo Interactive announced its expansion into Germany with the signing of a licence to sell official German lottery games via the web and mobile in the state of Schleswig Holstein. During this period, Jumbo opened its first international office in Munich. The website [4] was launched in December 2013, and in July 2014 Jumbo Interactive GmbH had successfully expanded licensing and sales to all 16 states of Germany.[5]

Jumbo Interactive is a member of APLA (Asia Pacific Lottery Association), WLA (World Lottery Association) and NASPL (North American Association of State and Provincial Lotteries).

Jumbo Interactive plays an important role in the Australian and German lottery industries helping to raise money for government social initiatives such as education and health. Over $22 million of additional government duties were raised in FY2012, up from $17 million in FY 2011.

Subsidiaries[edit]

A wholly owned subsidiary, Jumbo Interactive GmbH has been established for operational and contractual purposes. The parent company, Jumbo Interactive Limited, is listed on the German Frankfurt, Berlin and Stuttgart exchanges (Symbol: WKN A1C82X) in addition to the ASX.[6]

Jumbo acquired Manaccom, a software publisher, in 2007.[7]

Financial Statements[edit]

At the end of financial year 2014, Jumbo Interactive's TTV (total transaction value) was $106 million. The company's flagship website www.ozlotteries.com continued its unbroken run customer growth since relaunch in 2005 with its database increasing by 10% even in a period of reduced jackpots.

References[edit]