$JKPT breakdown Recent IPO in the online gaming and betting industry, Kings Entertainment Group, has been seeing some strong performance since going public.
Since IPO on January 27, shares have reached a low of $.35 to rest on a current gain of 32.8% at a price of $.465.
With the announcement of its IPO, $JKPT’s leadership also provided corporate updates on the company’s operations and future outlook. The company has evolved its focus from lottery only and has diversified into online casino operations in an attempt to boost revenues.
The $JKPT.C brand also surpassed a number of key performance indicators in 2021. Overall revenue increased 10% despite a hold on all marketing activity. Total casino revenue also increased 43% in 2021 compared to 202, and unique active casino players increased by a value of 48%.
$JKPT is poised for significant growth in 2022, as the company continues to execute on its core lottery strategy and accelerates the expansion of its global casino business. With a solid capital structure now in place and the resources to invest in market awareness and customer acquisition, $JKPT is leveraging its robust lottery presence and strong international network to create innovative, appealing new products and enter new jurisdictions as a global leader.
$JKPT is currently trading at $.465 and is valued at an MCAP of $31.84 million.
https://ceo.ca/@newswire/kings-entertainment-group-launches-on-the-canadian