Tag Archives: John Kennedy FitzGerald

Intertain bounces back with strong 2016 opening

SBC News Intertain bounces back with strong 2016 opening

Toronto TSX-listed online gambling operator Intertain Group Limited (Intertain) has reported a positive start to its 2016, recording group revenues of CAD $128 million (£68 million) for Q1 2016 performance (period ending 31 March). Updating the market, Intertain would report growth on all its core top-line fianancial metrics (performance statement below), with the company posting a period net income of …

Read More »

Intertain’s independent commitee refutes Spruce Point ‘Short-Seller’ attack

SBC News Intertain's independent commitee refutes Spruce Point 'Short-Seller' attack

Responding to a 120-page dossier published by Spruce Point Capital Management last December, which criticised the governance of Toronto TSX listed Intertain Group (Intertain). A special independent committee appointed by Intertain governance has deemed the report to be “Self-serving and to contain numerous factual inaccuracies and mischaracterizations of company data” The committee made up of corporate independent directors, with the counsel of …

Read More »

Gamesys brands boost Intertain Q2 revenues

SBC News Gamesys brands boost Intertain Q2 revenues

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 …

Read More »

Intertain furthers bingo inventory with Parlay software acquisition

SBC News Intertain furthers bingo inventory with Parlay software acquisition

Toronto listed igaming group Intertain continues its market expansion through strategic acquisition by announcing the acquisition of online bingo technology Parlay Group for CAD $2.8 million (£1.4 million). The agreed deal will see Intertain acquire Parlay Group software source code, plus domain URL’s Bingo.ca. The acquisition of Parlay software sees Intertain boost its online bingo services, having acquired Gamesys, operator …

Read More »

Intertain Group completes acquisition of Gamesys operations

SBC News Intertain Group completes acquisition of Gamesys operations

Toronto listed Intertain Group has confirmed the completion of its £425 million acquisition of UK Gamesys operations. Intertain will inherit all Gamesys brands including leading online bingo and games operator Jackpotjoy and subsidiary brands Virgin Games, Botemania (Spain) and Starspins. In February Intertain had moved on its acquisition intentions for Gamesys, by putting forward a $650 million deal for all …

Read More »