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Business
October 27, 2021
Gateway Obtains $1.25B Refinancing Plan from Fortress Investment
Gateway Casinos and Entertainment Limited found a solution for its $1.25 billion in corporate debt by completing the process of refinancing. The operator of 23 Canadian casinos received a Senior Secured Term Loan B from Fortress Investment Group, a lead investing organization. The Funds Were Used to Refinance Gateway’s Debt The money that the company […]
Business
October 26, 2021
Live5 Gaming to Launch Slot Content in British Columbia
Premier digital game developer Live5 Gaming announced today it is set to expand its footprint in Canada after the Gaming Enforcement and Policy Branch (GEPB) in British Columbia authorized the firm to launch its content in the province. Entering Second Canadian Province The approval issued by British Columbia GEPB allows Live5 Gaming the right to […]
Industry
October 25, 2021
Ontario Authorities Lift Customer Capacity Restrictions at Niagara Casinos
Last Friday, Doug Ford, the Ontario Premier, announced that the customer capacity limits would be lifted on numerous businesses, casinos included, and the two gambling facilities in Niagara Falls saluted this decision by stating that it is a step “in the right direction.” The president of Niagara Casinos, Richard Taylor, also praised the decision by […]
Sports
October 20, 2021
Parleh Media Group Rolls Out Dedicated Sports Channel in Toronto
Founded earlier this year, Parleh Media Group announced the launch of new sports-dedicated news and information channel in Toronto. Parleh TV Toronto is available online for free and operates 24/7, offering sports fans hot tips and details regarding local and international sports events. Parleh TV Toronto Offers Dedicated Multi-Sport News and Info Founded earlier this […]
Legal
October 19, 2021
Cullen Commission Close to Wrapping up BC Casino Investigation
Apparently, the government of British Columbia (BC) is partially to blame for the money-laundering activity that has taken place at the country’s casinos. That’s part of the takeaway from the still-ongoing Cullen Commission, an investigation into how hundreds of millions of dollars were funneled through several casinos without anyone caring. The investigation is now entering […]
Business
October 13, 2021
Score Media and Gaming Shareholders Approved $2B Acquisition
The operator of theScore sports betting, media and technology brand, Score Media and Gaming, announced that the special meeting of the company’s shareholders approved the previously announced acquisition by Penn National Gaming (PNG). Shareholder Approval Shareholders at theScore overwhelmingly voted in favor of the proposed $2-billion cash plus stock acquisition deal through a Plan of […]
Business
October 8, 2021
PointsBet Canada Announced Dave Rivers as VP of Marketing
PointsBet continues with its talent shopping spree eyeing the Canadian market, with the latest addition of Dave Rivers as the new Vice President of Marketing for its Canadian subsidiary. Canadian Launch Preparations Continue The appointment of marketing industry veteran Dave Rivers as VP of Marketing at PointsBet Canada is part of the concerted efforts of […]
Business
October 7, 2021
Bettor Capital Announced Initial Fund Closing, Raised $50M
A new venture focused on online gaming opportunities, Bettor Capital, announced the closing of its first fund, raising more than $50 million in investor money. Initial Fund Closing The funds will go towards early-stage opportunities in software and technology related to online gambling markets, including sports betting, horse racing, fantasy sport, online casino and poker […]
Business
September 30, 2021
Sports IQ Named Sporting Solutions’ Exclusive Player Props Provider
Sports IQ, a company out of North America that specializes in odds-making, announced today that it entered into an agreement with Sporting Solutions, the B2B division of Sporting Group, to become its exclusive provider of US sports player-props markets. Player Props across B2B and B2C The multi-year agreement between Sports IQ and the B2B business […]
Blockchain
September 28, 2021
Canadian Regulators Warn Crypto Platforms against Gambling-Like Promotions
Two Canadian financial regulators have issued a warning to crypto trading platforms, citing obligations related to marketing, advertising, and social media use in the country. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) produced a joint guidance letter on the safe uses of marketing efforts and warned against “gambling-like” […]