The long awaited listing of Jackpotjoy shares in the United Kingdom may begin to tighten the valuation gap between Intertain Group (TSX:IT) and its more expensive peers, says Mackie Research Capital analyst Nikhil Thadani. This morning, The Intertain Group said it expects Jackpotjoy will begin trading on the London Stock Exchange on January 25. “We […]

Mackie Research Capital analyst is giving the thumbs up to Intertain Group’s (TSX:IT) recent debt financing. On Friday, Intertain Group announced it had completed a debt financing of 160-million pounds sterling. Management said the proceeds would be used to finance a 150-million pound prepayment of the earn-out payment required to be made to Gamesys Ltd. […]

A third quarter that saw EBITDA margins come in much better than he expected has Cantor Fitzgerald Canada analyst Ralph Garcea feeling bullish about Intertain Group (TSX:IT). On Monday, Intertain Group reported its Q3, 2016 results. The company lost $31.8-million on gaming revenue of $113.6-million. “Intertain’s strong results demonstrate the ongoing popularity of our brands, […]

The proposed merger between Amaya and U.K.-based betting firm William Hill is good news for Intertain Group (TSX:IT), says Mackie Research Capital analyst Nikhil Thadani. On Friday, Amaya and William Hill confirmed they are in discussions about a merger. In a press release, Amaya said the combination of the two would “create a clear international […]

Dundee Capital Markets analyst Eyal Ofir says a U.K. listing could unlock the value in Intertain Group (TSX:IT), which he believes is cheap compared to its peers. At its Annual General Meeting this morning, Intertain reported that 99.98 per cent of those present voted in favour of its proposed initiative in the U.K. including listing […]

Unrealized value in Intertain Group (TSX:IT) could be shaken out by the coming’s forthcoming U.K. listing, says Mackie Research Capital analyst Nikhil Thadani. In a research update to clients today, Thadani maintaied his “Buy” rating and one-year price target of $20.00 on Intertain Group, implying a return of 90 per cent at the time of […]

Ongoing M&A activity in the U.K. online gaming industry will increase Intertain Group’s (TSX:IT) scarcity premium, says Mackie Research Capital analyst Nikhil Thadani. This past weekend, U.K. betting firm William Hill was approached by competitors 888 and Rank about a merger. The suitors claimed there would be “significant industrial logic in the combination”. The development […]

With a share price that is nowhere near what he considers fair value, Global Maxfin Capital analyst Manish Grigo thinks Intertain Group (TSX:IT) may be headed towards becoming a private company. Yesteday, Intertain Group reported its Q1, 2016 results. The company earned $9.96-million on revenue of $128.5-million, a 292 per cent increase over the $32.7-million […]

A better than expected quarter has Cantor Fitzgerald Canada analyst Ralph Garcea feeling bullish about Intertain Group (TSX:IT). Yesterday, Intertain Group reported its fourth quarter and fiscal 2015 results. In the fourth quarter, the company posted adjusted EBITDA of $53.3-million on revenue of $137-million. “As a company, we have delivered quarter after quarter,” said CEO […]