Toronto-listed Intertain Group posted a substantial increase in revenue for the second quarter of 2015, with its recently acquired Jackpotjoy business contributing to the rise.
The online gaming company, which acquired the Jackpotjoy business for £425.8m from Gamesys in April this year, reported that revenue was up from C$5.6m for the three months to the end of June last year to C$95.2m for the same period this year.
Despite this rise, net loss jumped from C$837,000 to C$48.8m over the same period. However, when acquisition expenses were taken into account the group's adjusted net income rose from C$2.3m to C$24.5m for the same period.
The Jackpotjoy business, whose assets include the Jackpotjoy, Starspins and Botemania brands, generated £33m of gross win in the three months to June 30.
John Kennedy FitzGerald, president and CEO at Intertain, said: “Upon the successful completion of the Jackpotjoy acquisition in Q2 we immediately turned our attention to expanding our assets in regulated markets.
“On that point and thanks to our diligent work, we were the first licensed operator to legally launch slots in Spain through our Botemania brand.”
Intertain also acquired bingo software source code from Parlay, enabling its online casino Vera&John to integrate a bingo platform and introduce additional side games into its existing platform.
