Can Canadian gaming operator Intertain Group go one single quarter without making a major acquisition?

That’s the Mission: (Apparently) Impossible facing Intertain CEO John Kennedy Fitzgerald (pictured) after the company reported a C$48.8m (US $37.6m) loss in the three months ending June 30.

Costs directly related to Intertain’s ‘hungry hungry hippo’ approach to acquisitions were responsible for C$29.1m of that loss, while interest expenses came to C$14m and debt settlement expenses hit C$5.7m.

On the plus side, the additions of online bingo operator Mandalay Media, Nordic online casino Vera&John, Gamesys’ Jackpotjoy and Botemania bingo brands plus rights to the Parlay Group’s bingo software did push Q2 revenue to C$95.2m compared to just C$5.7m in the same period a year earlier, while adjusted earnings and net income were both up over tenfold to C$32.8m and C$24.6m respectively. On a sequential basis, revenue was up 190% and adjusted net income rose 150%.