Intertain confirms $1bn acquisition talks
Toronto-based firm closes in on biggest deal to date, which eGR believes is likely to be "key assets" of the Gamesys Group
The Intertain Group is this afternoon closing in on its largest acquisition to date after revealing it is in “advanced discussions” to acquire certain assets of a third party in a deal worth up to CA$1bn (£530m).
Trading on Intertain shares, which are listed on the Toronto Stock Exchange, have been halted while the terms of the deal are finalised and signed off by both parties.
The update comes shortly after eGaming Review exclusively revealed that Toronto-based Intertain was in mid-stage talks to acquire “key assets” of the Gamesys Group.
If the deal goes through it will dwarf Intertain’s previous £60m acquisition of Mandalay Media and its £89m takeover of online casino operator Vera&John, which completed in December.
Intertain CEO John Fitzgerald has previously said the firm plans to grow through acquisition and has highlighted sportsbook and social gaming as areas of interest.
More to followâ¦