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Kings Entertainment Group Inc C.JKPT

Alternate Symbol(s):  KENGF

Consumer Cyclical Resorts & Casinos
Kings Entertainment Group Inc. is a Canada-based international online service provider for lottery, casino, and sportsbook gambling and parent company. The Company specializes in online lotteries and casino-style games under the brands www.wintrillions.com (WinTrillions), and www.LottoKings.com (LottoKings). These brands acquire players through renowned lottery offerings, then engage players in a range of casino and sportsbook offerings. The Company, through the Curacao Gaming License, offers a seamless transition between lottery and casino gambling experiences, including lottery subscriptions and a browser-based casino game. Its geographical segments include Mexico, Brazil, Other Latin American countries, and Other. Its subsidiary, Braight AI Technologies Inc., is a provider of artificial intelligence (AI) big data analytics solutions. Its other subsidiaries include Legacy Eight Curacao N.V. (L8 Curacao), Azteca Messenger Services S.A. de C.V. (AZT) and Phoenix Digital Services Ltd.


CSE:JKPT - Post by User

Kings Entertainment Group Inc
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Post by waves1on Jan 25, 2022 3:47pm
71 Views
Post# 34359476

$JKPT up almost 30% on its second day of trading! (DD)

$JKPT up almost 30% on its second day of trading! (DD)Great second of day trading for Kings Entertainment ($JKPT.CN), up almost 30%! Here is some of my DD from their recent corporate update:

Kings Entertainment, the parent company of LottoKings and WinTrillions, is a profitable online service provider for lottery, casino, and sportsbook gambling. It began trading on the CSE on Jan 24, under the ticker JKPT!

LottoKings and WinTrillions are the flagship brands of Kings Entertainment with the ability to acquire high potential players through renowned lottery offerings and convert them to casino and sportsbook players. So far, they have attracted and retained millions of player sign-ups.

In 2021, $JKPT was successful in building a foundation to support significant expansion and has positioned the company for robust future growth by focusing on revenue growth in the online casino vertical.

Key Performance Indicators:
  • 10% increase in overall revenue from the previous year
  • Total casino revenue in 2021 was $1,110,000, a 43% increase from 2020,
  • Cost of casino revenue in 2021 was $158,000, as compared to $69,309 in 2020
  • 48% increase in Total Unique Active Casino Players
  • Active lottery customers remained stable, with new customers balancing natural attrition
  • 9% increase in new unique depositing customers
  • Increased lottery ticket prices by 20% resulting in increased profitability across sales opportunities, allowing $JKPT to offer significantly better discounts while maintaining margin
  • Innovative boosted jackpots allow players to play with a minimum jackpot of US$100M at no additional cost

$JKPT is poised for growth heading into 2022 and plans to continue to execute on its lottery strategy and accelerate the expansion of its global casino business. With a solid capital structure in place and the resources to invest in market awareness and customer acquisition, $JKPT

https://finance.yahoo.com/news/kings-entertainment-group-launches-canadian-172500041.html
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