Rumours that Jackpot Joy is a target for acquisition by a Canadian Gambling company have surfaced in the last few days.
Canadians To Buy Jackpot Joy
If these rumours are true, it would be a significant acquisition and cost a lot of money. Intertain is the company in question that is looking to buy. This year, the Canadian Gambling company has made many gambling company purchases, and it looks set to continue this shopping spree.
First, Intertain took over WagerLogic, the developer and owner of Cryptologic that supplies the Intertain Group with its Casino and Bingo Software. However,t was not a major shock as the software got acquired from Amaya e linked to Intertain.
Next, it purchased Mandalay Media which ran popular UK Bingo sites Costa Bingo, Sing Bingo and Fancy Bingo on the Dragonfish Bingo platform. That purchase made it one of the largest bingo game providers in the United Kingdom in a single stroke.
Intertain also had enough cash to buy a Nordic Casino group giving it access to that market. That was Vera & John Casino.
According to sources in the Gambling Industry, a One Billion Canadian Dollar offer has been tabled, and talks are in an advanced stage with an unidentified third party.
Intertain Group is a publicly listed company in Canada and, due to Stock Exchange rules, has to declare this kind of potential purchase when spending this kind of cash. Therefore, it would naturally affect the value of the stock so that shareholders would be affected.
The cost of a takeover deal and the fact that Intertain is very active in the soft games market have led people to speculate that Gamesys is the 3rd party in question.
Gamesys are the owners of the Jackpot Joy brand that is so popular in the United Kingdom. What gives this particular rumour leg is that Gamesys also provide software to Caesar’s Casino and Bingo, and Virgin Games.
If this rumour is true, it is a further sign of the continued consolidation in the UK Bingo and Games market.
Jackpot Joy is one of if not the premier Soft Game brands in the United Kingdom, and the price range indicated would naturally make people think it is Gamesys. Watch this space for more news on this development.