Gamesys aims for jackpot joy
Jackpotjoy, which runs internet bingo and other “instant win” games, is in the final stages of a beauty parade of potential financial advisers and hopes to make an appointment in the coming fortnight.
Michael Mee, finance director of Gamesys, its parent company, said: “I can confirm that we are in discussions about our strategic options, but I cannot comment beyond that.”
Jackpotjoy, which has a gaming licence from the Netherlands Antilles, was launched in April 2001 and has enjoyed impressive growth. It has more than 500,000 players and pays out over £20m a month in winnings.
While a float on AIM is the board’s preferred option, a sale to a larger gaming group cannot be ruled out. Leisure analysts said that companies such as Sportingbet, Rank and Party Gaming could all be interested.
Jackpotjoy’s bingo and skill-gaming products are seen as the next boom areas for internet gambling after the success of online poker. That could tempt a buyer to pay more than might be raised from a flotation.
Editor, Jackpot.co.uk - 2005-07-18 13:30:05