Toronto stock market-listed Intertain are in discussions with casino software company Gamesys to buy key assets of the business. Gamingslots suggested on Monday that this deal could be taking place and it was further speculated on by EGR Magazine on Tuesday.
Both Intertain and Gamesys have declined to comment on the rumoured deal, but the general consensus in the industry is that a deal could be very close.
Intertain have been on a takeover drive in the past year, buying up the well-established Interbrands – Intercasino, Interpoker and VIP Casino and more recently Mandalay Media, which brought Costa Bingo and a variety of other bingo brands under their control. They are also in the latter stages of a deal to buy popular casino Vera and John.
The market has been muted on this latest deal for Intertain, with shares dipping slightly to CAD$16.50 after a high on Monday of CAD$17.08. However the Group’s share price has soured in the last year due to the aggressive acquisition drive.