INTERTAIN ENJOYS STRONG THIRD QUARTER

Source: http://www.slots.org.uk
Substantial organic growth.

Online gaming firm Intertain Group delivered robust third quarter results across all four of its online businesses this week.

Key performance indicators for the three month period ending September 30, 2015 include:

- Group revenue of CAD 119.5 million (Q3/2014: CAD 13.7 million).

- EBITDA of CAD 43.7 million.

- Generated CAD 41.5 Million in operating cash flows used to pay down debt and fund earn-outs representing an adjusted EBITDA conversion rate of 94 percent.

- Used operating cash flow generated during Q3 and cash on hand to repay CAD 10.6 million in senior term debt; purchase for cancellation 972,712 shares for $11.4 million; and set aside CAD 18.2 million to fund the earn-out associated with the Jackpotjoy business.

- Revenues from Intertain's Jackpotjoy business amounted to £ 40.7 million, up 21% (Q3/2014: £ 33.6 million).

- The Vera&John business generated revenues of Euro 12.2 million, again up 21% over the same period 2014 (Q3/2014: Euro 10.1 million).

- Mandalay generated revenues of £ 5.4 million for the quarter compared with £ 4.7 million in Q3 2014, representing 15% growth.

- InterCasino generated revenues of USD 6.2 million, 9% up on Q3/2014's USD 5.7 million.

"Q3 was the first full quarter of operations for Intertain with all four of our business segments working together to demonstrate the cash flow power of our combined company," commented John Kennedy FitzGerald, President and CEO of Intertain.

"We continue to see substantial organic growth as we leverage our corporate and operating level management teams' expertise to optimize the performance of our business."


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