Following the announcement made by Vera&John recently, Canadian players, now have one less option to the variety of online casino venues to enjoy. Vera&John was recently acquired by the Toronto based Intertain Group as part of its acquisition deal with Dumarca Holdings Ltd which is leading to the withdrawal from the Canadian Market.
Canadian players were assured that even with the short notice that all balances will be paid out in full and that any outstanding affiliate commissions will be honoured. The Dumarca Holdings owned casino was sold in October to the Intertain Group for $126.1 million, which was part cash and part shares. There were some additional provisions that relates to EBITHA as well.
Intertain Group Limited, CEO, John Kennedy Fitzgerald, shared in a press release that the acquisition has provided instant accretion and a meaningful operating cash flow, that this provides immediate access to the increasing Nordic markets. He added that furthermore the Vera&John developed fully integrated software, gives Intertain Group flexibility with respect to their business. Vera&John also offered a mobile games platform, which includes a leading mobile casino. The 2014 sales are expected to reach 35% generated through the mobile growing medium.
Vera&John’s 2013 revenue proves that they are particularly strong in the Nordic region as 75% of sales was generated from The Nordic market. Intertain Group Limited is an online gaming company that offers entertainment globally to consumers. The InterCasino and InterPoker platforms is supplied by NYX Gaming Group Limited and the Dragonfish platform offers the leading bingo software provided by 888 Holdings.
Vera&John was founded in 2009 and have risen with tremendous popularity, offering players outstanding service coupled with great game selections from NetEnt, Microgaming, Betsoft, IGT, NextGen Gaming and Play ‘N Go.