On Tuesday, MGW was briefed on The Intertain Group’s freshly completed acquisition of Dumarca Holdings PLC — the Malta-based parent company of online casino provider Vera&John group.
“We are very happy to close this transaction and look forward to grow the Company both organically and from other potential acquisitions,” said John Kennedy FitzGerald, CEO of Intertain. “The cost of capital we are providing through this temporary bridge loan will be the lowest cost of capital within the Company, and further demonstrates Intertain management’s commitment to our vision for the Company.”
Intertain, if you’re not familiar, is an online gaming company that provides entertainment to a global consumer base. Intertain currently offers casino, bingo and poker games to its customers using the InterCasino, InterPoker, Costa and other brands.
Intertain became a publicly traded company earlier this year following the purchase of InterCasino assets from Canada’s Amaya Gaming Group.
“Working together with Intertain enhances our expertise in existing markets as well as access to new,” explains director of Dumarca Holdings PLC, Dan Anderson. “We have formed a great team within Vera&John, and look forward to leveraging our abilities to drive revenue synergies across the group and increase the value of our material share ownership.”