Intertain ups 2015 full year guidance

The Canadian online gambling company Intertain Group Limited has issued a FY 2015 guidance indicating that it expects to exceed previously reported guidance.

Intertain’s updated guidance is as follows:

* Total revenue of $365 million to $375 million as compared to the previously reported guidance of $325 million to $355 million;

* Total Adjusted Net Income of $104 million to $109 million as compared to the previously reported guidance of $93 million to $106 million;

* Diluted Adjusted Net Income Per Share of $1.60 to $1.67 as compared to the previously reported guidance of $1.40 to $1.60.

“These changes to our 2015 guidance reflect the solid and consistent growth across our combined businesses,” said John Kennedy FitzGerald, President and CEO of Intertain. “The company continues to generate strong cash flow from operations and we are excited about the future. I want to thank our dedicated team who have helped us to surpass our guidance this year.”

The statement made no reference to the dramatic decline in its share price late last year and the investigation it subsequently launched into possible inappropriate activity by third parties .

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