Canada
ODDS ON COMPLIANCE RECEIVES STRATEGIC INVESTMENT FROM GROUP LED BY SEVENTYSIX CAPITAL
This Round of Funding Marks the Next Step in the Sports Betting Technology Company’s Evolution to Leverage Technology and Industry Expertise to Deliver the Compliance of Tomorrow
Odds On Compliance, the industry-leading technology and consultancy firm specializing in sports betting, iGaming, and gambling regulatory compliance in the U.S. and abroad, announced today that it has received strategic investments from a group led by SeventySix Capital. Tekkorp Capital also participated in the round, providing a new infusion of funding that will propel Odds On Compliance forward in the expansion of its business unit focused on data and technology.
“This is another big step in the evolution of Odds On Compliance as a gaming compliance-focused technology company. These are intentional investments that bring the best of sports, technology, and data into our ecosystem. We are proud to partner with this diverse investment group as we continue to grow,” said Eric Frank, Founder & CEO of Odds On Compliance.
SeventySix Capital is a leading sports-focused venture capital firm that invests in game-changing sports betting, esports, and sports technology companies. The investment in Odds On Compliance adds to SeventySix Capital’s growing portfolio of innovative companies that are transforming the sports industry.
“We are proud to lead this investment in Odds On Compliance,” said Wayne Kimmel, Managing Partner at SeventySix Capital. “The team, led by Eric Frank, exemplifies the types of entrepreneurs that SeventySix Capital invests in who are shaping the sports betting industry. Their experience, relationships, and knowledge of the gaming and compliance industry gives us complete confidence in their ability to build a market-leading company.”
Tekkorp Capital, which also invested in the round, will act as a strategic advisor to Odds On Compliance. “Tekkorp Capital funds those rare companies that truly innovate in the digital domain and Odds On Compliance, to my eye, is the absolute embodiment of such an enterprise,” commented Matt Davey, CEO of Tekkorp Capital. Tekkorp Capital funds private and public companies that innovate in the global digital gaming environment. Tekkorp Capital’s Robin Chhabra, who will act as a strategic advisor to Odds On Compliance, added, “Odds On Compliance has an exciting future ahead, and their application of tech, and AI in particular, to the compliance and regulation industry, is going to be game changing.”
Since its launch in March 2021, Odds On Compliance has expanded its staff and now offers its clients over 100 years of combined industry experience. The Odds On Compliance team has the depth of knowledge and expertise required to navigate the complex and ever-evolving iGaming and sports betting landscape, led by CEO and Founder Eric Frank, former global compliance chief for one of the world’s largest i-gaming companies, and Vice President of Technical Compliance and Audit Eric Weiss, the thirty-year veteran and previous Chief of Staff of the New Jersey Department of Gaming Enforcement.
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Canada
ComeOn Group adds sportsbook to its offering in Ontario
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Canada
IAGR announces Toronto as host city for 2025 conference
Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.
The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.
‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.
‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’
AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’
Stay tuned for registration details early next year.
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