Intertain turns to industry veterans

Intertain turns to industry veterans

Wednesday, June 29, 2016
Neil Goulden is the operator's new chairman

Intertain is considering a listing on the London Stock Exchange after appointing Neil Goulden and Andrew McIver as chairman and chief executive respectively.

The Canadian online gaming group, which is the owner of bingo giant JackpotJoy, said the UK would be a “natural home” the company as most of its customers are in the UK and northern Europe. It is also said to be disappointed at its performance on the Toronto Stock Exchange, where its share price has dropped by about 45 per cent in the past 12 months following a series of controversies over its management.

Following the departure of senior figures such as John Kennedy FitzGerald, the company has now brought in industry veterans such as Goulden, the former chief executive and chairman of Gala Coral, and one-time Sportingbet chief executive McIver.

Goulden, speaking to the Financial Times newspaper, said he did not believe the UK’s departure from the European Union would stop Intertain, which bought Gamesys last year for £425.8m (€515.5m/$571.1m), from pursuing a London listing.

“No industry is historically recession proof,” he said. “But gaming has proved strong in the face of a recession.”

TotallyGaming.com says: “Intertain has endured a dreadful few months after serious allegations against its former management team. The new appointments and the proposed move to London could help the company to move on.”

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