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A company with big ambitions – Intertain calm talk of more takeovers

If rumours are to believed then Amaya Gaming is not the only Toronto Stock Exchange-listed company with deep pockets and big ambitions. Speculation has been growing over the past week that Intertain have been eyeing a number of different online gaming companies as it seeks to increase market share.

bwin.party is one of the company’s that they have been linked to, which was being looked at by Amaya Gaming and Playtech earlier in November. However, there is also suggestions that Intertain have entered discussions with casino software developer Gamesys. Although neither party has yet to release a statement confirming this.

With so much speculation surrounding the company’s intentions, Intertain moved to calm market speculation by releasing a statement on Friday:

“Intertain regularly evaluates potential acquisition opportunities,” the statement from Intertain read.

“From time to time, this process leads to discussions with potential acquisition targets. There can be no assurance that any such discussions will ultimately lead to a transaction.”

Intertain has successfully completed the aquisition of Mandalay Media this year for a sum of £60 million ($94m or €75m) and is also believed to be in the process of taking over Vera and John online casino for a reported €89m.

Company shares in Intertain bounced to a high of CAD$17.08 before settling to CAD$16.89.

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