Online Gambling Firm Intertain Acquires Dumarca Holdings

Published Wednesday, December 24, 2014 - Online-Casinos.com
Online Gambling Firm Intertain Acquires Dumarca Holdings

Intertain Group Ltd. a company listed on the Toronto Stock Exchange recently announced that it has completed its acquisition of the entire issued share capital of Dumarca Holdings PLC the Malta based parent company of the Vera&John group. Intertain went public in early 2014 after buying the InterCasino assets from Canadian online gambling  technology firm Amaya Gaming Group Inc.

In June of 2014, Intertain started its expansion with the acquisition of British online bingo website company Mandalay Media Ltd. for $100.4 million. The latest deal will give Intertain access to a greater consumer base in Nordic countries.

John Kennedy FitzGerald, CEO of Intertain commented on the acquisition, “We are very happy to close this transaction and look forward to grow the Company both organically and from other potential acquisitions” FitzGerald continued to add, “The cost of capital we are providing through this temporary bridge loan will be the lowest cost of capital within the Company and further demonstrates Intertain management’s commitment to our vision for the Company.” Intertain is an online gaming company that provides entertainment to a global consumer base. Intertain currently offers casino, bingo and poker games to its customers using the InterCasino, InterPoker, Costa and other brands. The InterCasino and InterPoker gaming platform is supplied by NYX Gaming Group Limited and its bingo offering operates off of the Dragonfish platform.

Director of Dumarca Holdings, Dan Anderson also commented, “Working together with Intertain enhances our expertise in existing markets as well as access to new”, Anderson continued “We have formed a great team within Vera & John, and look forward to leveraging our abilities to drive revenue synergies across the group and increase the value of our material share ownership.”

Consolidation has been the trend for a number of years in the online gambling industry as competition pushes acquisitions and mergers to create stronger and more profitable operations.

 

 

 

 

 

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