Vera&John and InterCasino Withdraw From UK Market, Set to Terminate Operations on September 3rd

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August 7th, 2019
Back Vera&John and InterCasino Withdraw From UK Market, Set to Terminate Operations on September 3rd

According to JPJ Group's press statement, their brands Vera&John and InterCasino will be leaving the UK market soon.

Both sites will terminate their operations on September 3rd, having stopped accepting new customer registrations since Monday, August 5th.

There's Still Time to Cash Out

All of their current punters will be able to place their bets and make deposits...

...until August 27th which means they will have another week to withdraw any remaining funds from their accounts before sites close..

Also, all UK promotional activity on both Vera&John and InterCasino has ceased permanently and this includes promos and offers on site as well as via e-mail. Customers with promotions and bonuses that are still active will be able to use them before the date where all of these will be ended.

Departure Notes

Vera&John's UK site put up a statement:

“We’ve had some good times, haven’t we? Unfortunately, even good things must come to an end, and the time has come for us to say goodbye It’s been wonderful, but we’ve reached the end of our journey together. We’d like to thank you for your loyalty and wish you all the best for the future.”

InterCasino has bid farewell to their clients with this message:

“As one of the oldest online casinos, InterCasino has a rich history of bringing premium content to its players. So, it is with a heavy heart that we must announce that as of Tuesday 3rd September, InterCasino will no longer be operating in the UK market, and access to your account will be blocked.

We’d like to thank you all for your loyalty and wish you all the best for the future.”

A Surprising Decision?

This act of closing down two of its flagship sites may come as a shock...

...since JPJ Group cited Vera&John's performance as the main catalyst behind the company's annual revenue increase of 13% in the first quarter.

For the period of January 1st – March 31st, revenue made from gambling amounted to £83.3 million – a significant increase over last year's £74 million. Vera&John alone generated £34.2m, which is a massive 62% increase over 2018's first quarter and £21.2m accumulated then.

Gamesys Acquisition

Soon after these financial results were posted...

...JPJ has secured an agreement regarding purchase of technology company's Gamesys' assets for £490 million.

According to the terms of the deal, they will acquire the Gamesys platform and bingo content studio, B2C real-money gaming sites such as Heart Bingo, Monopoly Casino and Virgin Games. JPJ will also seize control of Tropicana-operated Virgin Casino licensed in New Jersey.

Neil Goulden, the company's executive chairman, went on to elaborate on benefits for the shareholders this deal will entail:

“For shareholders, we expect the acquisition to deliver earnings accretion in the first full financial year of ownership, while our employees will benefit from the combination of two companies with a strong commitment to responsible gaming, and where the greater scale will further enhance our product development and technology capabilities. Our customers will also now have an even greater choice of major brands and different games, all on one platform, creating a truly leading UK and international operator.”

Source:

“JPJ to withdraw Vera&John and InterCasino from UKl”, igamingbusiness.com, August 6, 2019.

“sites will terminate their operations on September 3rd”

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