Jackpot joy15 May 2018 09:25
* Jackpotjoy PLC - First Quarter Results. Gaming revenue rose 13% year-on-year, supported by 7% revenue growth in the Jackpotjoy3 segment and 35% revenue growth in Vera&John. Adjusted EBITDA decreased 7% year-on-year reflecting the planned increase in marketing costs and the application of point of consumption tax to gross gaming revenue ('POC2') in the UK from Q4 2017. Adjusted net income increased 3% year-on-year principally due to a decrease in interest expense following the debt refinancing in Q4 2017. Trading in the first quarter has been in line with expectations and we anticipate that