The Intertain Group Limited - Simon Wykes Steps Down as Director and Managing Director
TORONTO, Nov. 06, 2019 (GLOBE NEWSWIRE) -- The Intertain Group Limited (“Intertain”) (TSX:ITX), an indirect subsidiary of Gamesys Group plc (“Gamesys” and together with Intertain, the “Group”) (LSE:GYS), announces today that Simon Wykes has stepped down as a director and as Managing Director of Intertain, effective as of November 1, 2019.
Mr. Wykes’ resignation follows the completion of the acquisition by Gamesys of the business of Gamesys (Holding) Limited, excluding sports brands and games (the “Acquisition”) on September 26, 2019. As previously announced, Mr. Wykes will remain on the board of directors of Gamesys in the role of Transition Director for a 12-month tenure, beginning upon closing of the Acquisition.
About The Intertain Group Limited
Intertain is an indirect subsidiary of Gamesys, the parent company of an online gaming group that provides entertainment to a global consumer base through its subsidiaries. Gamesys currently offers bingo and casino games to its customers through its subsidiaries using the Jackpotjoy (), Starspins (), Botemania (), Vera&John () and InterCasino () brands. For more information about Gamesys, please visit .
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Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements. These statements are subject to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “will”, “may” “ensure” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. All matters that are not historical facts and involve predictions, including those statements with respect the duration of Mr. Wykes’ future tenure on the board of directors of Gamesys are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Group to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements in this news release. Any forward-looking statements reflect the Group’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties factors and assumptions relating to the Group.
Factors which may cause future outcomes to differ from those provided in forward-looking statements include, but are not limited to: general business, economic and market conditions; competition; expected growth of the online gaming market; anticipated and unanticipated costs; and the Group’s ability to successfully integrate and realize the benefits of the Acquisition.
The foregoing risk factors are not intended to represent a complete list of factors that could affect the Group. Many of these risks and uncertainties relate to factors that are beyond the Group’s ability to control or estimate precisely, such as future market conditions, changes in the political, social and regulatory framework in which the Group operates or in economic or technological trends or conditions, or the lack of available or qualified personnel or management.
Although the Group believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Forward-looking statements speak only as of the date of such statements and cannot be relied upon as a guide to future performance. Except as required by applicable law, the Group does not undertake to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
