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Gambling News - 'Canada'
Business
February 26, 2024
PointsBet Posts H1 Results, Records Sharp Net Loss Decrease
PointsBet, which recently posted its Q2 results, has officially posted its H1 results, reporting a significant net loss decrease. The improved results were attributed to the recent sale of PointsBet’s US business to Fanatics Betting and Gaming. As PointsBet continued its business in Australia and Canada, it recorded statutory revenue of AUD 117.9 million ($77.2 […]
Business
February 26, 2024
PointsBet to Welcome Lucas as CTO, Part Ways with Bowskill
PointsBet, a major sports betting operator, has enhanced its tech team with the addition of Daniel Lucas as chief technology officer. As someone who has previously served Flutter Entertainment, the new appointee will be a valuable addition to the PointsBet C-suite. PointsBet described Lucas as a seasoned veteran with years of experience and an impressive […]

Business
January 31, 2024
PointsBet Posts Record-Breaking Q2 Results in Australia and Canada
PointsBet has published its Q2 report, posting record net win in both Australia and Canada. The company’s sports betting activities continued to underpin the results as both handle and net win increased. However, the biggest growth was recorded by PointsBet’s iGaming vertical. Taking a look at how PointsBet performed in Australia, the company posted a […]

Casino
January 29, 2024
Two Toronto Residents Charged in Ontario iGaming Fraud Probe
Police in Ontario have charged two individuals from Toronto in connection with fraudulent activities related to online iGaming sites regulated by the province. The arrests come after an extensive investigation into allegations of identity theft and fraud on the Ontario Lottery and Gaming Corporation’s (OLG) iGaming platform. Ontario Police Collaboration Uncovers Online Gaming Fraud Ring […]

Lottery
January 26, 2024
Aristocrat Grows in North America with Québec VLT Market Entry
The leading designer, manufacturer and distributor of games, powering casinos across the globe, Aristocrat Gaming, announced a new collaboration, allowing it to grow its global footprint. This week, the company confirmed it expanded its presence in North America by securing entry into the video lottery terminal (VLT) gaming market in Québec, Canada. This milestone achievement […]

Legal
January 25, 2024
Ontario Casino Faces $52K Fine for Alleged Money Laundering Incident
The Alcohol and Gaming Commission of Ontario (AGCO) has imposed a CA$70,000 ($52,000) fine on MGE Niagara Entertainment Inc., the operator of Fallsview Casino Resort in Niagara Falls. This punishment aligns with AGCO’s increased scrutiny in recent months as the regulator strengthens its enforcement policy. Fallsview Casino announced it would appeal the fine, likely heralding […]
Business
January 25, 2024
Betty Online Casino Raises $5M Investment, Plans Growth
In February last year, the female-focused online gaming platform, Betty, launched its services for customers in Ontario, Canada’s largest province. The launch came after the operator secured a license from the Alcohol and Gaming Commission of Ontario (AGCO), the gambling regulator in the province. Throughout last year, Betty raised a total of $7 million. Now, […]
Industry
January 24, 2024
Canada: Casino Employee Accused of Helping Gang in Fatal Home Invasion
A criminal case against one gang member who participated in an attempted robbery that turned into murder gained traction earlier this week. The incident dates back to October 2019 when Ryan Gatzke, 27, was fatally shot and killed in his home by three members of a gang known as the “Terror Squad.” On Monday this […]
Industry
January 19, 2024
Fintrac Highlights Risks of Money Laundering for iGaming Businesses
Canada’s financial intelligence unit, anti-money laundering and anti-terrorist financing supervisor, the Financial Transactions and Reports Analysis Centre of Canada (Fintrac), released a new report, focusing on online gambling and highlighting different ways criminals exploit the sector to launder ill-gained funds. In its report, Fintrac acknowledged the growth of the online gambling sector, propelled by the […]
Sports
January 19, 2024
Neil Magny vs. Mike Malott UFC 297 Odds, Time, and Prediction
Neil Magny (28-11) is coming to Scotiabank Arena in Toronto as a +300 underdog against Ontario-based Mike Malott (10-1-1). “The Haitian Sensation” might have experience on his side, but “Proper” is fighting on his turf and is determined to make himself a new UFC star. Neil Magny vs. Mike Malott UFC 297 Odds Moneyline Odds […]