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INTERTAIN COMPLETES JACKPOTJOY ACQUISITION
Wednesday April 8,2015 : INTERTAIN COMPLETES JACKPOTJOY ACQUISITION (Update)
Gamesys founder joins the board as largest Intertain shareholder
The Intertain Group Limited has completed its acquisition of the Jackpotjoy, Botemania and Starspins operations from Gamesys saying the purchase is expected to add substantial free cash flow to its business allowing it to further target the female demographic in regulated markets.
The Intertain Group paid an initial purchase price of GBP 425.8 million
Principal shareholder, founder and managing director of Gamesys Limited, Noel Hayden has joined the board of Intertain as a non-executive director following the closing of the acquisition effectively becoming the largest shareholder of Intertain, his shares subject to a two-year lock-up period.
"I'm delighted to complete this exciting deal and become part of Intertain's strategy to further strengthen its global position in online bingo", Hayden said. "Both our companies share this vision and I look forward to working with Fitz and the Intertain team to maximize value for Intertain shareholders."
John Kennedy FitzGerald, chief executive officer of Intertain added: "In addition to acquiring the world's leading online bingo-led business, we have also entered into a long-term relationship with one of the most well respected technology and gaming operators, Gamesys.”
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 -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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