Intertain Set to Make CAD$1 Billion on Potential Acquisition Deal

Intertain, the online gaming holding company whose subsidiaries include Intercasino, Interpoker, Costa Bingo, Vera & John and a host of other gambling sites, is looking to add to its acquisition portfolio.

The company, part owned by Amaya, has acquired two companies in the past year, and is now in talks with another third party about buying it out also. Vera & John, a Nordic-facing operator, was purchased by Intertain last year at a sum of $126 million and British group Mandalay Media was bought out for $82.4 million. Amaya owns 8.7% of the Intertain group, and is the largest share holder, with 1.9 million shares in the continuously successful company.

Intertain first appeared as a key player in the iGaming industry back in 2013. That year, they purchased Amaya Gaming’s B2C operations, WagerLogic.

Intertain’s shares were temporarily suspended on Tuesday, but then their share price rose 8% after they released a statement informing of their plans to purchase the as yet unknown asset. Bets are on as to which company this may be and many believe that Intertain will be purchasing part or all of Gibraltar-licensed operator Gamesys. Gamesys owns a range of real-money gambling websites, including Star Spins, JackpotJoy, Virgin Games and Heart Bingo, as well as Virgin Casino, which operates in the New Jersey iGaming market. The Intertain group is really a rising star in the iGaming industry, having their share price increase by a whopping 30% since the beginning of 2015.

To those in the know, it is no surprise that Gamesys is the suspected player in this acquisition. Back in December 2014, it was reported that the two companies were in discussion about a potential partnership in some form. This may just be the result.

Whether it turns out that Gamesys is to be bought out in part or full by Intertain is not as relevant as the fact that it seems Intertain is on a roll when it comes to buying everything within its reach!

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