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Intertain Posts Q2,2016 Report
LOSSES REDUCED AT INTERTAIN
Canadian online gambling group enjoys a better second quarter
The Canadian online gambling operator Intertain has posted an improved second quarter on a year-on-year basis, reducing losses by 44 percent to Cdn$27.5 million, boosting revenue by 22 percent to Cdn$ 118.8 million and generating an adjusted EBITDA up 34 percent to Cdn$43.4 million.
A positive performance by the Jackpot Joy subsidiary is credited for much of the improvement, where mobile revenues reached record levels and comprised 47 percent of Jackpot Joy revenue of Cdn$ 82.3 million, a year-on-year rise of 19 percent.
Changes to management in the quarter included a new CEO (Andy McIver formerly of Sportingbet) and chairman Neil Goulden (a former senior Gala Coral exec)
In his report to shareholders McIver noted the companys intention to focus on UK-market oriented initiatives, and revealed that a significant investment in marketing has been made in order to drive future growth.
Gambling News :
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
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