Despite posting full year revenue ahead of its previous guidance, Toronto-listed online gaming operator Intertain has reported a net loss of CAD$226.9m for 2015, due in part to significant goodwill impairments and fair value adjustments relating to the Jackpotjoy, Mandalay and InterCasino businesses.
The loss was primarily related to the goodwill impairment expense of $36.7m for InterCasino, the fair value adjustment of $114.3m related to the Jackpotjoy contingent consideration, and the amortization of purchase price intangible assets [...]
