Intertain to rebrand as Jackpotjoy
 Toronto-listed firm to adopt name of its core bingo brand following move to London
 
Intertain will be renamed as Jackpotjoy Inc following its planned relocation to London, the bingo operator has announced.
Following the close of trading in Toronto yesterday, the firm said the new parent company would take the name of its core bingo brand.
Intertain currently expects the London listing to complete in early- to mid-October 2016 if shareholders approve the plan at an AGM on 23 September.
âWe are excited to have reached these important milestones in implementing the UK Strategic Initiatives,â said Neil Goulden, the recently-appointed chairman of the board.
âWe continue to believe that these initiatives will result in a fuller and more appropriate valuation of our business and that they position Intertain for long-term growth and success.
The firm also said in its update that former Gamesys managing director Noel Hayden will also step down from the board and will instead act as a special advisor to Jackpotjoy.
Goulden explained: âWe are delighted to have Noel continuing with us as a special advisor. In this role, we will continue to have the benefit of Noelâs valuable insight and contributions on key aspects of our business, but without the procedural impediments that result from our close collaboration with Gamesys, which have restricted his involvement in certain aspects of the Boardâs deliberations over recent months.
âBoth we and Noel are excited to continue to develop the existing strong relationship between Intertain and Gamesys.â
Intertain also announced the conclusion of its CFO search, saying that Keith Laslop will continue as CFO of Intertain and will become Jackpotjoyâs CFO despite his recent appointment as president of Intertain Bahamas.
âThe Board feels Keith is undoubtedly the person for the job,â Goulden said.
âIn the short period I have worked with him, I have come to appreciate his deep understanding of our business and industry, his skills and his unwavering commitment to the success of our business. We are very pleased that he will be continuing as our CFO going forward.â
Intertain recently posted a 22% jump in revenues for H1 2016.