Back in October 2014, Intertain Group Ltd sent a letter of intent to Dumarca Holdings Plc to purchase their company. Dumarca is the parent company of the Vera&John Group, who owns and operates Vera&John Casino.
We are very happy to close this transaction and look forward to growing the Company both organically and from other potential acquisitionsJohn Kennedy FitzGerald, CEO of Intertain
The acquisition has since been completed; thanks to an initial cash payment of €44.5 million. Intertain partly funded the payment through existing cash in the company and a €10 Million interim bridge loan that has to be repaid by December 2019.
As well as a cash payment, Intertain also gave Dumarca over 5 million of their common shares.