$DKNG Competitor LottoKings To IPO Under $JKPT Previously expected to be listed under the ticker $LKNG, online betting and gaming retailer LottoKing’s is now expected to trade under $JKPT on the CSE.
With $JKPT targeting a growing Latin American market, I’m anticipating the company to be a big player should they capture this share of the global market. With a growing middle class in these regions, comes increased leisure spending and increased access to technology and the internet.
$JKPT’s portfolio of B2C brands currently includes Wintrillions, Trillionaire, and LottoKings. Its vision is to be a global leader in the online lottery, online casino, and sports betting industry which is set to see huge growth in the coming years.
The online gambling industry is expected to grow at a CAGR of 11.4% from 2020s market size of $66.72 billion, to reach $158.2 billion by 2028.
Some highlights of $LKNG’s potential include:
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Extremely high margins of 76%
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Established platform compliant and licensed for 10+ years
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Professional management team with 60+ years of online lottery and casino experience
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Worldwide network of ticket brokers
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Tight share structure (only 60 M outstanding)
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Acquisition plan to accelerate growth
I’m looking forward to furthering news of an IPO date from LottoKings. Hopefully we get some news this quarter on when to expect the company to go public.
https://www.lottokings.com/about/