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Intertain Group's Q2-2015 Earnings Report
Friday August 14,2015 : CANADA'S INTERTAIN ONLINE GAMBLING GROUP REPORTS RISING REVENUES
Second quarter revenues boosted by recently acquired Jackpotjoy web enterprise.
Intertain Group's second quarter revenues soared from Cdn$ 5.6 million in Q2-2014 to Cdn$95.2 million this year, thanks to significant contributions from newly acquired Jackpotjoy online operation, for which the group paid GBP 425.8 million in April
However, costs - mainly in acquisitions - held down earnings as the group's net losses rose from Cdn$ 837,000 last year to Cdn$ 24.5 million in Q2-2015. Taking the costs of acquisitions into consideration, the group's adjusted net income rose from Cdn$ 2.3 million to Cdn$ 24.5 million.
Jackpotjoy, Starspins and Botemania contributed GBP 33 million in gross win to the group performance in the second quarter this year.
Intertain CEO John Kennedy FitzGerald, said that Intertain completed the acquisition of bingo software source code in the quarter, enabling its online casino Vera&John to integrate a bingo platform and introduce additional side games.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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