Intertain unveils details of potential acquisition

Online gambling company Intertain Group has confirmed it is in advanced discussions with a third party over a “significant” acquisition of certain assets in the range of approximately CAN$1 billion (€710 million/$805.2 million).

Although the company, which is part-owned by Amaya Gaming, did not confirm the identity of the firm it could potentially acquire assets from, it did state that talks are ongoing.

Intertain also said that the deal remains subject to the finalisation of definitive documentation and approval of the boards of directors of Intertain and the third party.

The company said that there is “no assurance” that the potential acquisition will go ahead and it will provide a further update regarding the deal if binding agreements are reached or a deal cannot be reached with the third party.

Recent reports have linked Intertain with a move to acquire part or all of Gamesys, a Gibraltar-based online gaming operator that owns a number of real-money gaming brands such as JackpotJoy and Heart Bingo.

Intertain also last year struck a deal to acquire the assets of Dumarca Holdings, the parent company of internet gaming operator Vera&John, in an agreement worth at least €81.1 million.

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