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Is the Intertain online gambling Group Making Another 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."

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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