he Intertain Group paid an initial purchase price of GBP 425.8 million.
Principal shareholder, founder and managing director of Gamesys Limited, Noel Hayden has joined the board of Intertain as a non-executive director following the closing of the acquisition effectively becoming the largest shareholder of Intertain, his shares subject to a two-year lock-up period.
“I’m delighted to complete this exciting deal and become part of Intertain’s strategy to further strengthen its global position in online bingo”, Hayden said. “Both our companies share this vision and I look forward to working with Fitz and the Intertain team to maximize value for Intertain shareholders.”
John Kennedy FitzGerald, chief executive officer of Intertain added: “In addition to acquiring the world’s leading online bingo-led business, we have also entered into a long-term relationship with one of the most well respected technology and gaming operators, Gamesys.”