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GAMING STARTUP EDGEGAP SECURES $7 MILLION INVESTMENT TO HELP DEVELOPERS TACKLE LAG AND MANAGE INFRASTRUCTURE

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Edgegap, a Montreal based video game technology startup, announces a $7 million series A investment led by Konvoy Ventures. The funding will enable the company to continue developing its infrastructure platform, built to reduce online gaming latency and automate infrastructure needs across the industry.

Edgegap’s platform leverages edge computing, essentially moving data centers closer to players to tackle lag and improve online experiences. Combined with a proprietary user-server decision-making engine, it empowers developers to launch new game servers and applications closer to players within seconds.

Since its seed investment of $1 million in 2019, Edgegap has tested its technology with two triple A studios, improving latency for 91 per cent of the players involved. On average, round-trip time (the time taken for information to reach its destination and return) was reduced by 46.5 per cent per player and for a quarter of players this dropped to below 50 milliseconds.

“Our goal is to build on the idea of a content delivery network, which already exists for cloud applications. In that sense, Edgegap is building a modern application delivery network, combining a highly distributed infrastructure footprint with a quick decision-making and deployment solution,” said Edgegap CEO, Mathieu Duperre. “We see this as a major paradigm shift for developers looking to distribute their applications worldwide.”

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European Gaming Congress 2024 (Warsaw, Poland)

Joining Konvoy Ventures in this funding round is San Francisco-based early-stage venture capital fund GFR Fund, following their investment from the previous seed round. Multinational converged broadband, video and mobile communications company, Liberty Global  and Akamai, leader in powering and protecting digital experiences, have also invested, bringing their expertise in massive scale infrastructure.

With this latest investment, Edgegap will expand its team to build additional services for game studios and beyond. Its aim is to continue helping developers create better real-time applications through leveraging a premium infrastructure, without the cost and the hassle of managing it.

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Canada

ComeOn Group adds sportsbook to its offering in Ontario

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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.”

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*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)

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BCLC

INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform

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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.

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Canada

IAGR announces Toronto as host city for 2025 conference

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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.’

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Stay tuned for registration details early next year.

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