888 Holdings has significantly bolstered its North American growth prospects, confirming this morning that it is amongst the first foreign operators to secure an Ontario province licence. Updating investors, the FTSE250 online gambling group confirmed that its B2C online gambling platform had been awarded an igaming licence by the Alcohol and Gaming Commission of Ontario (AGCO). Ontario’s online gambling market …
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Kambi Group Plc has praised its diverse market make-up for helping the sportsbook systems provider maintain year-on-year growth, irrespective of pandemic circumstances impacting its commercial pipeline. Publishing its Q4 trading update, Kambi registered corporate revenues of €35 million, down 26% on corresponding 2020 results of €47 million. Q4 trading was matched against record-breaking 2020 comparatives for sportsbook clients. Performance was …
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Entain Plc has this afternoon confirmed that it has acquired leading Canadian sportsbook brand Sports Interaction by striking a CAD300 million (£175m) deal to acquire operator Avid Gaming. The FTSE100 gambling group brokered a deal with Middlebrook Investments Limited, the owner of Avid Gaming, whose Sports Interaction brand is licensed, to exclusively provide online gambling services for the Mohawk Council …
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MGM Resorts and Entain Plc have issued a joint statement on their US venture BetMGM, that targets a net revenue result of $1.3 billion for 2022 trading. Of significance, the venture will aim to be EBITDA results positive in 2023, marking a significant milestone for the business that was launched in the summer 2018. The two group’s aim to maintain …
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“The focus is on finding more operators with OLG’s way of thinking, that is those who put digital innovation at the heart of their growth strategy,” said Bede Gaming’s Sarah Hitchcock, as she reflected on four years of working with the government agency to build compelling digital products for the people of Ontario. On a more general level, we discussed …
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The Canadian Gaming Association (CGA) has appointed four new members to its Board of Directors during its annual general meeting last week. They comprise Scott Burton, CEO, FansUnite Entertainment Inc; Neil Erlick, Chief Corporate Development Officer, Nuvei; Jeffrey Haas, SVP, International Strategy, DraftKings Inc; and Chuck Keeling, EVP, Stakeholder Relations and Responsible Gaming, Great Canadian Gaming Corporation. Burton oversees the overall business vision and framework, global …
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Nuvei Corporation has upsized the offer of its US public listing to 3 million subordinate shares, that will be traded on the Global Nasdaq Exchange. On 4 October, the Montreal-based global payments group intended to place 1.5 million subordinated shares as its opening offer on the Nasdaq Exchange, filing its US IPO under the ticker ‘NVEI’. However, prior to its …
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Groupe FDJ has announced a major North American commercial expansion as its Sporting Solutions and Gaming Solutions subsidiaries have been chosen to power the Ontario Lottery and Gaming Corporation’s (OLG) first sportsbook property. The partnership will see FDJ subsidiaries provide a fully managed wagering solution for the launch of PROLINE+, OLG’s new sportsbook brand, which will serve as the province …
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The British Columbia Lottery Corporation (BCLC) will begin offering single-event sports bets and bets on racing and fighting on its website, PlayNow.com, when Bill C-218 – the Safe and Regulated Sports Betting Act – comes into effect today. PlayNow.com players can now place a single wager on the outcome of a football game, such as Saturday’s meeting between the BC Lions and Ottawa Redblacks, or the …
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Betsson AB has continued its strategic expansion into new markets by disclosing that it has acquired a 28% stake in Canadian start-up Slapshot Media Inc. The investment led by subsidiary ‘Betsson Perch AB’ will provide Slapshot Media with CAD $3 million (€2m) in enterprise funding as the wider Betsson group commits to becoming a participant within Canada’s transformed gambling marketplace. …
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