Intertain posts 10% revenue jump ahead of UK move
Firm says London listing is still going ahead as planned despite rumoured speedbumps
Intertain has reported a 10% year-on-year rise in Q3 gaming revenues to CA$113.6m (£79.5m) on the strength of new customer acquisition and retention.
Average active customers per month were up 11% to 231,000 compared with last year, with a corresponding EBITDA leap of 17% in constant currency to $43.8m (£26m).
“Intertain’s strong results demonstrate the ongoing popularity of our brands and our continued success in retaining and attracting customers,” said Andrew McIver, president and CEO of Intertain.
“Higher revenue is driven by a stronger performance in all segments in their functional currencies, contributing to an increase in gaming revenue of 10% on a constant currency basis. Our Q3 financial results point to the continued solid performance of our assets.”
Intertain did not break out specific performances for its individual brands, which include Jackpotjoy, Vera&John and InterCasino.
The company also recorded a net loss of $31.8m.
McIver added: “We remain very focused on our efforts to implement the UK-centered strategic initiatives and are working hard together with our advisers to complete the listing of Jackpotjoy plc’s ordinary shares on the London Stock Exchange.
“Discussions with the UK Listing Authority in this regard are continuing and we will update shareholders as soon as possible on our progress.”
The company recently dismissed rumours it was struggling to find backing for its London listing, telling EGR: “We are not experiencing any issues. We are awaiting final sign off from the UK Listing Agent, and it’s taking a bit more time than anticipated. We hope to be able to announce the date very soon.”