JPJ Group a leading global online bingo-led operator, has confirmed today that it has completed the previously announced sale of the Group’s social business to Bagelcode.

As outlined at the Group’s H1 results, the sale amounts to a cash consideration of £18.1 million.

Neil Goulden, Executive Chairman, commented: “The successful disposal of our social business enables the Group to exclusively focus on our core activity of real money gaming. Importantly, it also represents another positive step in our strategy to reduce net leverage, providing us with further optionality to create value for shareholders.”