Canada
Jackpot Digital Announces Terms of Spin-out Aimed at Entering Regulated iGaming Markets
Jackpot Digital has announced additional terms of a proposed strategic reorganization of its business by way of a spin-out of its online gaming software assets (the Spin-Out) to a newly incorporated subsidiary of Jackpot (Spinco).
The Spin-Out will be completed as a plan of arrangement under the Business Corporations Act (British Columbia) (the BCBCA). The assets to be transferred to Spinco will include proprietary software Jackpot already owns as well as any additional software assets that may be acquired by Jackpot through a partnership or license arrangement before closing of the Spin-Out (the Online Gaming Assets). In consideration of the transfer of the Online Gaming Assets, Spinco will issue common shares (the Spinco Shares) to Jackpot. Jackpot will distribute the Spinco Shares to its registered shareholders as of the record date of July 21, 2021. Each registered shareholder of Jackpot on the record date will receive one Spinco Share for every five common shares of Jackpot held by the registered shareholder. The number of Spinco Shares to be issued will be based on the number of outstanding Jackpot common shares (Jackpot Shares) as of the record date.
The purpose of the Spin-Out will be to leverage and monetize the Company’s Online Gaming Assets and commercial relationships in the gaming sector.
“We are very excited to enter into the regulated iGaming/online casino and sportsbook markets in North America. As a result of our Jackpot BlitzTM product, we have existing and unique industry relationships and, coupled with targeted niche markets and our innovative products, we have every expectation to become a fun-filled industry leading iGaming brand,” Jake Kalpakian, President and CEO of Jackpot Digital, said.
“More details regarding the products, names/websites and launch dates will follow within the next month,” Jake Kalpakian added.
Spinco will initially have the same directors as Jackpot. Jackpot’s CEO Jake Kalpakian will also be Spinco’s CEO and Jackpot’s CFO Neil Spellman will also be Spinco’s CFO.
Powered by WPeMatico
Alberta
St8 extends TonyBet partnership to Alberta after securing supplier registration
St8 has extended its partnership with TonyBet into Alberta, expanding their Canada footprint following an earlier launch in Ontario this year.
Under the expanded agreement, TonyBet will use St8’s game aggregation platform through a single API integration. St8 said this provides access to its wider catalogue of casino content for players in Alberta.
St8 said the Alberta rollout follows its newly acquired registration to operate in the province as an iGaming Services Supplier, allowing it to provide aggregation services to licensed operators in the market. The company said its platform connects partners to more than 200 game providers via a single API.
David Fall, Business Development Manager at St8, said:
“Entering Alberta’s regulated market is a strong step for St8 that represents our continued efforts to bring our offerings to as many territories as possible, delivering top-tier results for partnerships at the local, national and international stage. We share this commitment with TonyBet, a company that we are very fortunate to be working with so collaboratively and closely as we continue to grow our presence across North America.”
Kiryl Liudvikevich, Head of Product at TonyBet, said:
“We’re proud that our work with St8 has enabled us to continue expanding across Canada. Through St8’s aggregation platform, we can seamlessly access games from the industry’s leading providers via a single integration, helping us scale efficiently while maintaining a strong focus on the player experience. St8 has cemented itself as our go-to partner for expansion into regulated markets, and we look forward to continuing our collaboration as we grow into new jurisdictions.”
The post St8 extends TonyBet partnership to Alberta after securing supplier registration appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.
Alberta
St8 continues partnership with TonyBet with an expansion into Alberta
The post St8 continues partnership with TonyBet with an expansion into Alberta appeared first on Americas iGaming & Sports Betting News.
Canada
IGT Signs Agreement to Deploy 720 Sierra27 Video Lottery Terminals Across Saskatchewan
IGT announced that its subsidiary, IGT Canada Solutions Limited (IGT), signed an agreement with Western Canada Lottery Corporation (WCLC) to supply 720 additional Sierra27 video lottery terminals (VLTs) in 2026. The agreement strengthens IGT’s position as a leading VLT supplier in Canada and marks the second consecutive year that IGT has been selected through WCLC’s competitive VLT procurement process.
“WCLC selected IGT through a competitive procurement process, and these additional Sierra27 VLTs will support our venue network with hardware and content designed for the Canadian market. IGT has been a longstanding supplier to WCLC, and we look forward to continuing our work together,” said Eric Karmark, WCLC Vice President, VLT Gaming & Operations.
“As the leading VLT supplier in Canada, IGT is uniquely positioned to help WCLC enhance venue performance and player experiences with proven products and solutions backed by decades of market experience. This significant agreement with WCLC for 720 additional IGT Sierra27 VLTs reinforces the strength of our outstanding collaboration in providing games that excite and engage players,” said Chad Helm, IGT VP of Sales, Canada and Oregon.
IGT’s versatile Sierra27 VLT delivers comfort and serviceability and features two high-definition 27-inch screens, a 13.3-inch dynamic player panel with dual bash buttons, and a wireless inductive charger. The Sierra27 VLT is backed by a large library of high-performing content and games designed specifically for players in Canada, including Big City 5’s Diamond, Tiki Tiki Tiki Mayhem, Cash Climb Garden of Hesperides, and more.
The post IGT Signs Agreement to Deploy 720 Sierra27 Video Lottery Terminals Across Saskatchewan appeared first on Americas iGaming & Sports Betting News.
-
ESPN Networks6 days agoTHE 57th ANNUAL WORLD SERIES OF POKER® CONCLUDES AN EXTRAORDINARY SUMMER OF GLOBAL ENGAGEMENT AND ELITE COMPETITION
-
Latest News7 days agoBooming Games launches Tasty Bonanza Max Scatter slot
-
Canada6 days agoPENN Entertainment Launches theScore Bet Sportsbook & Casino and theScore Casino and Hollywood Casino Standalone Apps in Alberta
-
Canada7 days agoPeter & Sons launches full game portfolio in Alberta
-
Compliance Updates7 days agoMerkur Group Strengthens Global Compliance Strategy
-
Latest News7 days agoWazdan launches 16 Coins Betsson as branded slot for Betsson players
-
Latest News6 days agoWeekend Reels | Week 29: Slot Drops & Trends
-
Canada7 days agoPeter & Sons Enters Alberta with Full Game Portfolio



