JKPTF - JKPTF STOCK NEWS

Gaming Realms plc announces strong interim results with significant revenue and profit growth

Braight AI, a subsidiary of Kings Entertainment Group, has gained membership in Fintech Mexico, a prominent association in the financial technology sector. The Fintech sector is projected to reach $1.1 trillion by 2032 at a CAGR of 19.8%. Braight's expertise in data-driven predictive analysis positions them to contribute significantly to the Fintech sector, particularly in consumer risk assessment, customer success, marketing, and sales.

Braight AI, a subsidiary of Kings Entertainment Group Inc., is in talks with Latin American banks to integrate its AI Risk Credit service. With 70% of the LATAM population unbanked or underbanked, Braight's technology offers a solution to assess the creditworthiness of millions of people. The company aims to enter the LATAM market as part of its global expansion strategy and plans to include 150 million previously unbanked individuals in the banking sector by the end of 2024.

On Nov. 23, 2022, BET99 announced a partnership with Major League Soccer superstar Sebastian Giovinco. The Toronto FC all-time top scorer will join the ranks of other elite athletes associated with BET99, including UFC Hall of Famer Georges St-Pierre and NHL All-Star Auston Matthews. Giovinco will lead Team Canada supporters during the BET99 SOCCER HOUSE watch party on Nov. 27 and engage with fans through giveaways and social media.

This partnership allows BET99 to utilize Giovinco's name and likeness for marketing throughout the FIFA World Cup.

Kings Entertainment Group reported strong growth in July, with lottery revenues increasing by 18% month-over-month, reaching $446,126 compared to $378,329 in June. Overall revenue rose 9% to $555,349 in July, up from $510,440 in June. The number of active customers also grew by 9%. The spike in activity followed a year marked by a lack of significant lottery jackpots. CEO Steve Budin expressed satisfaction with the results, attributing them to efforts made during the previous dry spell. In May, the company announced a business combination with Sports Venture Holdings to strengthen its market position.

Kings Entertainment reported an 11% increase in revenue in April compared to March, driven by a 15% rise in new depositing customers. The company also saw a 3% growth in active customers. Despite a slow first quarter due to low lottery jackpots, CEO Steve Budin expressed optimism for the second quarter, noting ongoing transformations in marketing partnerships, including a deal with Balesia in Latin America. The company remains focused on expanding its presence in the global online gaming market, particularly in the lucrative Latin American region.

Kings Entertainment Group has upgraded its common shares to the OTCQB market under the ticker JKPTF, effective April 25, 2022. This move aims to enhance visibility among U.S. investors, brokers, and analysts. CEO Steve Budin emphasized that this listing milestone will position Kings to capitalize on the expanding global online gaming market. The OTCQB requires companies to meet strict financial reporting standards and provides a transparent trading platform. Kings Entertainment is also listed on the CSE under the ticker JKPT.

Kings Entertainment reported a 15% increase in active players to 5,200 and a remarkable 72% surge in new depositors for March 2022. Despite lower jackpot sizes affecting overall lottery revenues, the company continues to grow its customer base significantly. CEO Steve Budin highlighted the strength of their brands, attributing customer retention to effective organic growth strategies. The firm plans to utilize paid marketing campaigns when jackpot sizes justify the investment. The operations are vital to ongoing business health in the online gambling sector.