The Intertain Group has revealed that it has signed a non-binding Letter of Intent to acquire Vera & John Casino, one of the trusted online casinos, for an amount of €89 million which is to be split between €44.5 million in cash and €36.5 in common shares. The deal is expected to be complete by December of this year.
Although there are various conditions that still have to be met with regards to this deal between the parties, existing players of Vera & John feel that the deal represents an exciting new step for the future.
Intertain is a holding company for online gaming and currently has several operating subsidiaries that offer casino, bingo and poker games to customers which include Costa Bingo, bgo Casino, InterCasino and many more. The new deal will see it adding Nordic giant Vera & John Casino to their portfolio.
The company, which has been operating for a period of 18 years, has one site that attracts 9000 customers each day. There are more than three million registered players across all Intertain sites and this is bound to increase tremendously once the deal with Vera & John Casino completes in December.
Vera & John is already a leading online casino, offering a selection of casino games acquired from a wide range of talented software developers that include Microgaming, Amaya and NetEnt. Over 490,000 from 11 countries have registered at Vera & John Casino. The Casino has performed a number of key innovations in the past few years and players currently have access to live dealer games as well as a mobile casino platform. Intertain will, therefore, be in a position to focus on new innovations for the future and will not have to put work into a site that requires development.
