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Intertain sees Q1 revenue soar following acquisition spree

13th May 2015 1:27 pm GMT

Toronto-listed operator Intertain Group has seen revenue soar in the first quarter of 2015, following growth across all acquired brands, although higher corporate expenses pushed the business into a net loss for the period.

Revenue rose sharply, up from CAD$3.1m a year ago to $32.8m, with the bulk of revenue generated by its Vera&John subsidiary.

The brand, which was acquired in December last year, generated $15.2m during the period, with Mandalay Media contributing $9.9m, and InterCasino contributing [...]

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