JPJGroup Completes Acquisition Of Gamesys And Creates Gamesys Group
JPJGroup has completed its acquisition of Gamesys to create a new company Gamesys Group.
The online bingo operator announced its take-over of Gamesys back in June for a total of £490 million. Now, the firm has completed its acquisition of the firm excluding sports brands and games, for cash and additional JPJ shares. Together, the firm companies have merged to create a new firm Gamesys Group.
According to reports, the newly rebranded Gamesys Group website offers both bingo and casino games. It also powers white-label casinos Jackpot Joy, Virgin Games, Bote Mania, Vera & Joh, Heart Bingo and Monopoly Casino. What’s more, many staff members in the two companies have moved positions; Lee Fenton is now CEO, Robeson Reeves is now Chief Operating Officer and Simon Wykes, the former CEO at Jackpot Joy, has been made Transition Director before becoming an official on the JPJ Board.
Executive Chairman of Gamesys Group Neil Goulden said in a statement: “The completion of the acquisition of Gamesys marks an important milestone for the company, creating a leading UK and international operator and offering customers an even greater choice of major brands and different games.
“For shareholders, the acquisition will deliver earnings accretion in the first full financial year of ownership whilst employees will also benefit from the combination of two companies with a strong commitment to responsible gaming. However, the completion of the acquisition and the creation of Gamesys Group plc marks just the start, and the board and senior management team, led by CEO Lee Fenton, are now resolutely focused on integrating the two businesses and further enhancing our product and technology offerings.”
Lee Fenton added: “Following [the] successful completion, I am very excited to join the enlarged group as CEO. The combination of two leading and complementary businesses has created an organisation with greater scale and capability which stands the new Gamesys Group in good stead as the competitive and regulatory environment continues to evolve.
“With full operational control of technology and operations, an enhanced brand portfolio and our exceptional combined talent base, we are confident that we are well-positioned to create significant opportunities for future growth.”
InterCasino And Vera & John
Last month, it was revealed that two Dumarca Gaming Limited casinos, both powered by Gamesys Group, were withdrawing from the UK market. Both Vera & John and InterCasino closed in the nation this month. While the two companies never revealed why they officially closed, it’s thought that the tightening rules and regulations in the nation have made it much harder for the casino firms.
Those who visit the Vera & John website today I greeted with a blue screen with the message: “As of 3rd September 2019, Vera & John has officially closed its doors in the UK. You can no longer log in or play here, but why not check out some of our friends’ sites below. There are plenty of offers, rewards and games for both new and existing members.”
A similar message can be found on the InterCasino website, suggesting users visit its sister sites JackpotJoy, Starspins and Virgin Games. Back when the firms’ closures were announced, the two casinos thanked customers for playing with them and having “good times”.