Friday August 14,2015 : CANADA'S INTERTAIN ONLINE GAMBLING GROUP REPORTS RISING REVENUES
Second quarter revenues boosted by recently acquired Jackpotjoy web enterprise.
Intertain Group's second quarter revenues soared from Cdn$ 5.6 million in Q2-2014 to Cdn$95.2 million this year, thanks to significant contributions from newly acquired Jackpotjoy online operation, for which the group paid GBP 425.8 million in April
However, costs – mainly in acquisitions – held down earnings as the group's net losses rose from Cdn$ 837,000 last year to Cdn$ 24.5 million in Q2-2015. Taking the costs of acquisitions into consideration, the group's adjusted net income rose from Cdn$ 2.3 million to Cdn$ 24.5 million.
Jackpotjoy, Starspins and Botemania contributed GBP 33 million in gross win to the group performance in the second quarter this year.
Intertain CEO John Kennedy FitzGerald, said that Intertain completed the acquisition of bingo software source code in the quarter, enabling its online casino Vera&John to integrate a bingo platform and introduce additional side games.