Tag Archives: Keith Laslop

Cash-focused Gamesys sanctions £40m debt repayment 

Gamesys Group Plc has sanctioned a £40 million repayment of its GBP corporate debt to rebalance the firm’s accounts and allow for stronger cash generation.  The approved transaction sees Gamesys lower its long-term GBP corporate debt by 15%, resulting in an outstanding debt reduction of 7% for its combined GBP and EURO tranches. Gamesys governance underlined that the significant debt …

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Jackpotjoy secures new £385 million loan facility targeting long term group savings

Updating the market, London-listed online gambling group Jackpotjoy Plc has confirmed that it has secured a £385 million senior secured loan with additional access to a new revolving credit facility. Refinancing its organisation, Jackpotjoy governance will gain access to a £375 million senior loan, with a further £13.5 million made available to the operator via a Revolving Credit Facility. Jackpotjoy …

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Jackpotjoy Plc appoints Jason Holden as Investor & Public Relations lead

Updating the market, London-listed igaming firm Jackpotjoy Plc (formerly Intertain Group Canada) has confirmed the appointment of Jason Holden as its Director of Investor and Public Relations. Holden joins newly LSE listed Jackpotjoy from investment bank and brokerage firm Liberum Capital, where he served as Gaming & Technology Industry Analyst (2015-2017). Holden has further experience in technology investing and PR …

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Intertain decides to shake up management team

As a result of an intensive review undertaken by an Independent Committee, Intertain has decided to shake up its management team. Chief Executive John FitzGerald will step down as CEO, while current CFO Keith Laslop will take on an operational management position at Intertain Bahamas. John FitzGerald has advised the Board of his belief that the core business assets for …

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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 …

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Intertain Group governance fights back against Spruce Point mismanagement accusations

The governance of Toronto listed igaming operator Intertain Group (Intertain) has labelled New York hedge fund Spruce Point Capital Management as a “self identified short-seller of the company’s common shares”. Intertain governance further stated that its damning 120 page dossier published last week attacking the firm’s acquisitions, governance, corporate performance reporting and financial management were simply “self-serving and misleading”. The …

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