Online Gambling's Intertain Expanding Through Acquisition

Published Friday, February 06, 2015 - Online-Casinos.com
Online Gambling's Intertain Expanding Through Acquisition

Recently the The Intertain Group Limited announced that it has complete the acquisition of Dumarca Holdings the Malta based parent company of the Vera&John group. Intertain Group has now announced that it will proceed with its strategic plan on acquisitions and purchase the U.K.online gambling location Jackpotjoy from Gamesys. It was revealed that Intertain Group will purchase the assets for a combination of shares and cash worth at least $813 million cnd dollars. The Intertain Group Limited is an online gaming holding company that provides wagering focused entertainment to a global consumer base. Toronto Ontario headquartered Intertain has been in business for eighteen years so it is a veteran of the online gambling industry. 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.

The acquisition includes Gamesys B2C assets, and the online bingo brand jackpotjoy.co.uk, expanding the firm’s  presence in the online casino market.

Intertain Group also revealed terms of the purchase for Gamesys, saying that 13% of the initial payment will be funded through Gamesys being issued with 56.8 million of Intertain Group shares. Intertain could pay Gamesys a greater sum over the next three years if the company reaches certain profit targets.

Gamesys CEO & Founder Noel Hayden will join Intertain Group’s Board of Directors. Hayden had this to say about the arrangement, “Gamesys and Intertain are a perfect match. From our earliest discussions we shared their vision which we know is critical to a successful long-term partnership. This is a great deal for Intertain and Gamesys, our shareholders, our employees and our players.”

CEO John Fitzgerald of Intertain Group said, “We have not only acquired the leading online, bingo-led business, but we are also entering into a long-term relationship with one of the most well respected, technology and gaming operators, Gamesys.”


 

 

 

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