The Intertain Group has expanded its operations with the acquisition of Mandalay Media, owner of a number of leading UK online bingo brands such as Costa Bingo and Sing Bingo, in a deal worth up to £60m.

Intertain recently completed the acquisition of Amaya Gaming’s WagerLogic subsidiary, and has now turned its attention to the UK online bingo market, entering into a share purchase agreement to acquire the entire issued share capital of Mandalay Media.

The company said that the transaction is expected to be “materially accretive” to earnings per share, provide revenue diversification and growing stable cash flows.

Mandalay owns some of the UK’s leading online bingo websites, including Costa Bingo, Sing Bingo, City Bingo, Fancy Bingo and Rio Bingo, all of which operate on the Dragonfish platform.

Premium subscribers continue here to the full article.

Related