Archive for the ‘gaming’ Category

Jumbo Interactive celebrates successful expansion to Germany

Thursday, July 18th, 2013

Brisbane-based Jumbo Interactive saw its stock price jump by 15% recently on news that it has been granted licenses to sell lottery tickets via web and mobile throughout Germany.

The company estimates the online lottery ticket market in Germany will be worth $2 billion in five years.

Jumbo also operates the popular gambling site, among other lottery and game sites, where customers buy lottery tickets with Jumbo acting as an agent and earning a portion of sales. This online lotto-agent business has high margins and may still grow following the incredible success of the last 10 years, in which net profits grew from a net loss to nearly $7 million for the 2012 financial year.

Jumbo Interactive also has business interests in Mexico and the USA.

To read more about this story, click here.

Are arcade games teaching children to be gamblers?

Monday, July 5th, 2010

A complaint from anti-gaming establishments is that clubs which install arcade games are encouraging children to be gamblers at an early stage, thereby ‘grooming’ them to be problem gamblers as adults.

Independent senator Nick Xenaphon is encouraging the federal government to take action on this point, as there is no legislation handling it in the meantime.  Mr Xenaphon believes that while parents play the pokies inside a club, the kids are getting the same ‘training’ on arcade games not far away.

The Productivity Commission appears to be in agreement with Mr Xenaphon, in its report on gambling which states that “minors should not…be exposed to gambling areas within venues”.  Unfortunately, the report did not continue on to make further recommendations about fixing this problem.

To read the full article, click here.