For Exposure to European investors
Toronto-listed online gaming firm Intertain Group Ltd is planning to list on the London Stock Exchange saying the move will "boost its valuation by giving it more exposure to European investors".
According to the company, the decision to list on the LSE came after a review of its options, including offers for the company that didn't result in any "definitive proposals."
The intercasino.com and botemania.es operator is valued at around CAD 800 million, the company said.
"We believe that a London Listing will result in a fuller and more appropriate valuation of Intertain's business, as these strategic initiatives are a key part of a range of initiatives intended to significantly realign Intertain's share price with the company's fundamental business results and prospects," Chairman Neil Goulden explained.
Online Casino News Courtesy of Infopowa