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Vera And John casino Leaving Canada
Sunday December 14,2014 : VERA&JOHN ONLINE CASINO DEPARTS CANADIAN MARKET
Acquisition by Toronto-based Intertain Group has an immediate impact on Canuck players.
Canadian online punters have one less internet casino venue to visit following an advisory from the Vera and John Casino Friday, informing them that the company, recently acquired by the Toronto-based Intertain group as part of its acquisition deal with Dumarca Gaming, is withdrawing from the Canadian market.
The advisory assured Canadian players that despite the short notice, all current player-balances will be paid out in full, and any outstanding affiliate commissions will be paid as usual.
Back in October this year Vera&John owner Dumarca Gaming was sold to the Intertain group for a consideration of up to $126.1 million, made up of an initial cash payment of Euro 44.5 million and Euro 36.5 million in common shares, with additional earn-out provisions related to EBITDA.
At the time Intertain CEO John Kennedy Fitzgerald said that the acquisition provided immediate accretion and meaningful operating cash flow, along with access to the growing Nordic markets, adding:
“Furthermore, Vera&John has developed and owns a fully-integrated, proprietary software offering, giving us future flexibility with respect to our business. Vera&John also has a mobile platform, including a leading mobile casino, with 35 percent of their expected 2014 sales being generated through this growing medium”.
Vera&John generated Euro 4.6 million of EBITDA on revenue of Euro 25.9 million in 2013, up 124 percent from the Euro 11.6 million topline it reported in 2012. The company is particularly strong in the Nordic region, from which it generates 75 percent of its sales.
Intertain is an online gaming company that offers casino, bingo and poker games using the InterCasino, InterPoker, Costa and other brands. The InterCasino and InterPoker gaming platform is supplied by NYX Gaming Group and its bingo offering operates off of the Dragonfish platform.
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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