SBC News Voice of the Sports Betting Industry
Having completed its £425 million acquisition of Gamesys in April, Toronto listed Intertain Group has reported a group revenue surge of CAD $95 million for its Q2 2015 performance (Q2 2014 – CAD $5.6 million).
Factoring in costs of its Gamesys acquisition during the period Intertain governance would issue an adjusted net income of CAD $24.5 million. Reporting on an adjusted Q2 performance Intertain would post net income losses of CAD $48 million, combined with EBITDA losses of CAD $4.1 million.
Highlighting individual brand performance, Intertain detailed that Gamesys’ Jackpotjoy business had generated £33 million in gross revenues and £12 million in EBIT earnings during the period.
Following the integration of Gamesys brands to the Intertain portfolio, the Canadian gaming group will look to expand its international gaming services.
Commenting on corporate performance John Kennedy FitzGerald, President and CEO of Intertain stated .
“Upon the successful completion of the Jackpotjoy Acquisition in Q2 we immediately turned our attention to expanding our assets in regulated markets,”
“On that point and thanks to our diligent work, we were the first licensed operator to legally launch slots in Spain through our Botemania brand. We also completed the acquisition of bingo software source code that will allow Vera&John to integrate a bingo platform and introduce additional side games into its existing platform.”
