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Is the Intertain online gambling Group Making Another Acquisition
Sunday November 30,2014 : INTERTAIN CALMS MARKET SPECULATION ON ANOTHER MAJOR ACQUISITION
We look at new acquisitions all the time, but that does not always lead to a deal, says Toronto group.
The Intertain online gambling group in Toronto, Canada has hit the acquisition headlines more than most in recent years, so it is not surprising that there is a tendency to speculatively link the company to any industry rumour regarding major deals of this nature.
In the past two years the rapidly expanding group has picked up the Intercasino and Interpoker brands from Amaya Gaming for $70 million; the UK online bingo interests in Mandalay Media in a deal worth $82.4 million, and in October this year it made an acquisition bid for the Vera&John casino operations in Dumarca Holdings for a putative $89.1 million .
Deals like these trigger the sort of UK market speculation which last week pushed the company's value up on whispers that another big acquisition deal is imminent.
So persistent did the rumours (and trading activity) become, that Intertain felt compelled to issue a press release late Friday advising that "....strategic acquisitions have been and are one component of the company's growth strategy and, as such, Intertain regularly evaluates potential acquisition opportunities.
"From time to time, this process leads to discussions with potential acquisition targets."
However, the company warned: "There can be no assurance that any such discussions will ultimately lead to a transaction.
"As a general policy, Intertain does not publicly comment on potential acquisitions unless and until a binding legal agreement has been signed or material terms of the transaction have been settled and there are no material conditions to closing, such as financing.
"The company intends to make no further comment or release regarding current market rumours unless and until such comment is warranted."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
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Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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