Kings Entertainment Group Inc. (JKPT) is an international online service provider for lottery, casino, and sportsbook gambling and parent company of global online gaming innovators LottoKings and WinTrillions. It started trading 01/24/2022 on the Canadian (CN) stock exchange.
Strategically positioning as the industry is expected to more than doubles to USD $127.3 billion by 2027 from 2021’s USD $53 billion, according to a new report by Grand View Research, Inc and FORBES.
Highlights from JKPT operations in February 2022, include new registrations, growth in depositing customers and continued casino growth. It’s 2021 NET REVENUE: USD $5.9 MILLION.
The recent campaigns were successful in boosting registrations by 136 percent over January, despite the three day shorter month, with 15,449 customer sign-ups achieved in February. One of Kings Entertainment’s flagship brands, LottoKings, achieved a 30 percent increase in revenue in February over the previous month.
It’s goal of increasing casino revenue in February was successful with live casino increasing active players by 12 percent. Revenue for casino operations jumped by 36 percent in February to $118,491, as compared to the first 28 days of January.
“The success of these marketing campaigns will be instrumental to our revenue strategy this fiscal year,” said Steve Budin, CEO of Kings Entertainment. “While the lack of significant jackpots in February dampened overall demand for lottery, the increase in both active casino players and casino revenue is a very positive signal that our strategy of transitioning our strong lottery base to the casino vertical is working.”
Online Gambling Market Size Worth $127.3 Billion By 2027
Online Gambling Market Growth & Trends – https://www.grandviewresearch.com
U.S. Gambling Revenue Hit Record $53 Billion In 2021 – Forbes
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