FEATURE
of the tax, and a hike to 25% has
been mooted?
Not at all, I think in fact it’s the opposite.
All our acquisitions have been based on
paying multiples that include the pointof-consumption tax, and we feel that an
important advantage of being a dominant
market player is that you can absorb a tax
because your margins are better relative to
your peers. All our transactions, as least
based on the UK portion of revenue, have
been factored on a multiple that includes
the effect of the point of consumption tax.
“With the Jackpotjoy acquisition, we are going to end up
with 26-27% of UK market share among those operators
with a bingo-led product.”
The Gamesys deal saw you
acquire the brands (and the
profits) but not the technology
behind Jackpotjoy, Bo ѕ