Intertain Group Buys Mandalay Media

Fri, Jun 6, 2014

The Intertain Group will buy Mandalay Media, owner of several UK bingo sites, for C$82.4 million in cash.

Canadian company, Intertain Group, is expanding its online bingo offerings by buying Mandalay Media’s British bingo business for C.4 million.

Intertain is the parent company of CryptoLogic, an online gaming company that offers casino and poker games. Mandalay’s bingo business generates about €16.1 million of revenue in the UK yearly.

The deal also could cost C$27.5 million in performance fees linked to future profit.

Intertain said the deal is subject to its obtaining financing.

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