Intertain Initiates Share Buy-back
By Casinomeister, Last updated Sep 11, 2015
Says current share price does not reflect underlying value of the company
Canadian online gaming firm Intertain Group Limited will make a normal course issuer bid (NCIB) to purchase and cancel up to 3,617,740 or 5 percent of common shares over the next year saying the current share price does not reflect the underlying value of the company.
"Alongside our shareholders, Intertain has built a very profitable business – a company with one of the highest rates of regulated revenue globally in the online gaming space," commented John Kennedy FitzGerald, president and chief executive officer of Intertain.
"For that we are extremely thankful. Given, however, where our share price is today, management and our Board are of the strong view that the best investment available to the Company at this time is its own equity."
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
