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$95.2 million this year, thanks to significant contributions from newly acquired Jackpotjoy online operation, for which the group paid GBP 425.8 million in April (see previous InfoPowa report).
However, costs – mainly in acquisitions – held down earnings as the group's net losses rose from Cdn$ 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.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

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 astrophography.
bryan@casinomeister.com

See More Posts