Within the dynamic landscape of Canadian online casinos, high roller bonuses exemplify the adage, “Go Big or Go Home.” Crafted for players comfortable with substantial deposits, these bonuses elevate the gaming journey, offering the prospect of amplified winnings and an intensified online casino experience.
Understanding High Roller Casino Bonuses
High roller casino bonuses, often dubbed as ‘VIP rewards,’ are exclusive promotions tailored for players unafraid of wagering substantial amounts. These incentives, which can include extra cash or free spins, are directly linked to the magnitude of their deposits.
In the context of the Canadian online casino industry, the importance of these bonuses cannot be overstated. They wield immense influence in attracting and retaining high-value players, who significantly bolster the casino’s bottom line. By extending high-roller bonuses, casinos effectively motivate these individuals to maintain their patronage, fuelling the sector’s expansion and profitability.
From the player’s perspective, these bonuses open the door to the prospect of amplified winnings and an enriched gaming adventure. Gamblers can relish extended gameplay, explore exclusive titles, and even relish personalized assistance. Consequently, high-roller bonuses are pivotal in shaping the dynamics of the Canadian online casino arena.
High-roller casino bonuses forge a symbiotic relationship between casinos and their most daring patrons. This synergy is not only financially rewarding for both parties but also elevates the overall gaming experience, affirming the significance of these bonuses in the Canadian online casino landscape.
Unlocking the World of High Roller Casino Bonuses
High roller bonuses, those coveted incentives within the realm of online casinos, come in an array of forms, each bestowing its unique set of benefits. Let’s delve into the various types of these alluring bonuses that cater to the diverse tastes of high-stakes players.
This stands as the most prevalent form of high roller bonus. Casinos generously match a portion of the player’s deposit, with percentages ranging from 50% to a staggering 200% or more.
In the world of high stakes, resilience is key. Some casinos extend cashback bonuses to their esteemed high rollers. It translates to a percentage of the player’s losses or deposits being thoughtfully returned to their coffers. As an example, consider a 20% cashback bonus. It graciously offers solace by refunding $200 to a player who may have faced a $1,000 loss.
High rollers with a penchant for spinning the slot machine reels are not left in the lurch. Free spins are often part and parcel of their bonus package. These free spins gift players the chance to revel in slot games without denting their pockets. It’s akin to a risk-free opportunity to secure tangible winnings.
Loyalty begets rewards. Players who exhibit steadfast allegiance to a casino, whether through regular gameplay or substantial deposits, are accorded exclusive loyalty bonuses. The perks span the gamut from free spins and deposit boosts to exclusive tokens of appreciation and coveted invitations to premier events.
No Deposit Bonuses
While relatively scarce, some casinos extend the olive branch to high rollers with enticing no-deposit bonuses. These bonuses grant players a treasure trove of free funds or spins upon mere registration, sans the need for an initial deposit.
Unlocking the Gateway to High Roller Casino Bonuses in Canada
Earning the coveted status of a high roller casino bonus Canada and unlocking the gateway to these exclusive casino bonuses entails satisfying specific casino criteria, a task that entails a blend of precision and perseverance:
High roller bonuses in Canada beckon to those ready to invest significantly. The requisite minimum deposit surpasses standard bonus thresholds, making it imperative to wield financial prowess.
Betting milestones stand as part of the journey. Canadian casinos stipulate players must wager a substantial sum before reaping high roller casino bonus Canada rewards. For high rollers, the road to reward demands extra dedication.
Ascending the ladder of Canadian casino loyalty bestows privileges. High roller bonuses in Canada often materialize exclusively for those who’ve attained coveted status through consistent gameplay and substantial deposits.
Hidden keys to high roller casino bonus Canada treasures, bonus codes unlock exclusive benefits. Prospective recipients must adeptly input these codes during the deposit process to access the rewards.
Not all Canadian games march towards bonus fulfilment. Players must navigate restrictions and choose eligible games wisely to meet wagering prerequisites.
Selecting the Optimal High Roller Bonus
Choosing the most suitable high roller bonus necessitates a methodical approach to ensure it aligns seamlessly with your gaming proclivities and objectives. Here are pivotal tips and factors for contemplation when making this consequential decision:
Scrutinize the Offer
Initiate the selection process by thoroughly assessing the bonus proposition itself. Methodically examine the bonus quantum, percentage, and any supplementary advantages such as complimentary spins or cashback. Strive to strike a harmonious equilibrium between an enticing offer and manageable wagering prerequisites.
Immerse yourself in the intricacies of wagering prerequisites, a pivotal determinant. Elaborate bonuses often accompany more rigorous playthrough obligations. Ensure that these stipulations are realistically attainable within the confines of your gaming approach and financial means.
Distinct games contribute disparately to the fulfilment of wagering prerequisites. Ascertain whether your favoured games are considered eligible and discern their respective weightage. Certain bonuses may impose constraints on particular games or extend reduced contributions.
The bonus percentage may fluctuate contingent on the magnitude of your initial deposit. Calculate the sum you are comfortable committing to ascertain an efficient leverage of the bonus.
Loyalty Program Synergy
Gauge the synergy between your high roller status and the casino’s loyalty program. Certain establishments furnish exclusive advantages and expedited reward progression for VIP participants.
Bonus Activation Codes
Verify whether the bonus activation necessitates a specific code. Neglecting this imperative step may culminate in the forfeiture of the bonus.
Prudent consideration of the bonus’s duration is imperative. Ensure an ample timeframe for the fulfilment of wagering requisites, circumventing any undue haste.
Repute and Integrity
Delve into the casino’s reputation and credibility. Peruse reviews, verify licensing credentials, and solicit insights from fellow players to substantiate the casino’s standing.
Contemplate the quality of the casino’s customer support. High roller status may occasionally necessitate prompt assistance; hence, a responsive support framework is indispensable.
Conclusively, align your selection with your distinctive gaming inclinations and proclivities. Opt for a bonus that harmonizes seamlessly with your preferred gaming genre and strategic approach.
The process of choosing the optimal high-roller bonus within the Canadian online casino landscape necessitates a systematic and informed approach. Key considerations encompass a comprehensive evaluation of bonus propositions, a meticulous comprehension of wagering prerequisites, contemplation of game eligibility, and an assessment of the synergy with loyalty programs. By carefully analysing these facets, high rollers can make judicious selections that not only elevate their gaming experience but also optimize their potential for substantial winnings.
iGaming Ontario to Request Proposals for a Centralized Self-Exclusion Solution in Early 2024
iGaming Ontario (iGO)’s vision is to lead the world’s best gaming market, which includes building a safer and more enjoyable experience for all igaming players in Ontario. To support players who decide to stop or take a break from gambling, iGO is going to issue a request for proposals (RFP) in early 2024 for a centralized self-exclusion solution that will enable a player to self-exclude from all Ontario regulated igaming operators in a single registration process.
Given the coordinated nature of the program across all regulated igaming operators, including Ontario Lottery and Gaming Corporation (OLG)’s igaming site, the successful bidder will be expected to develop and implement a centralized self-exclusion system that integrates with all operator systems and supports players’ self-exclusion registration, renewal, and reinstatement.
The following are iGO’s principles for centralized self-exclusion:
PLAYER FOCUSED – to provide options to players to support their commitment to take a break, to ensure processes are easy to use with minimal barriers and challenges, and to offer a seamless connection to relevant support services.
SUPPORTIVE – to deliver and execute the program in a non-stigmatized, non-judgmental manner; to be supportive and encouraging so that players feel good about registering in self-exclusion.
TRANSPARENT – to ensure expectations and consequences for players and Operators are clear and information is comprehensive and well-promoted.
SECURE – to ensure player information is securely protected and shared only with relevant employees for the purposes of administering the program.
ROBUST – to implement strong processes and procedures bolstered by secure, responsive, and highly available technology to enable an effective program that supports a player’s goals.
VIABLE – to develop systems and procedures that are manageable and practical for Operators to implement.
With these principles in mind, iGO is seeking interest from responsive and nimble companies that are able to build modern, innovative, secure cloud-based SaaS solutions that are high-profile, public-facing and critically important to building and maintaining the trust and confidence of a wide range of stakeholders. The successful bidder will partner with iGO on a multi-year program to develop best-in-class user experiences by leveraging modern, innovative technology.
Some features for an effective centralized self-exclusion solution include:
- Allowing players to create and manage their self-exclusion profile and including Know Your Client (KYC) identity verification
- Providing players with easy access to self-exclusion at any time including while they are gambling on any regulated igaming website
- Having registration, renewal, and reinstatement processes that are intuitive, simple and offer supporting information.
Rivalry Corp Reports Record Third Quarter 2023 Results, Reaffirms H1 2024 Profit Guidance
Company achieves record Q3 against reduced marketing spend and flattened Opex, highlighting operating leverage; strongest customer KPI’s on a year-to-date basis in Rivalry Corp’s history; positioned to accelerate growth with recently announced $14M capital infusion
- Betting handle of $105.7 million, up 50% year-over-year, while reducing marketing spend 13%.
- Revenue of $8.7 million, a 22% increase year-over-year.
- Gross profit of $4.0 million, up 90% year-over-year.
- Casino has grown to approximately half of the company’s betting handle in Q3, demonstrating ability to cross-sell next generation bettors and drive growth against unseasonably low viewership in select Q3 eSports events.
- Year-to-date customer KPI’s the strongest in company history: all-time high average handle per customer, average revenue per user and record low cost of customer acquisition.
- Year-to-date betting handle has increased 127%, revenue by 70% and gross profit up 175% over the first nine months of 2022. Achieved while reducing marketing spend, highlighting the inherent operating leverage in the business.
- Subsequent to the quarter end, Rivalry Corp completed a $14 million capital infusion that strengthens the balance sheet and provides the company with capital to pursue growth and profitability at the same time.
- Company re-affirms guidance, anticipates achieving profitability in H1 2024.
- Announces virtual investor day to be held on January 17, 2024.
Rivalry Corp (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for Millennials and Gen Z, today announced its financial results for the three and nine-month periods ended September 30, 2023. All dollar figures are quoted in Canadian dollars.
“We are proud to have delivered a record third quarter while exercising discipline on costs amidst a challenging capital markets environment for growth companies,” the co-founder and Chief Executive Officer for Rivalry Corp, Steven Salz, said. “Now, with our recently announced capital infusion, we will be able to go back on the offensive, while still maintaining our path to profitability.
“Years of consistent performance, flattened Opex multiple quarters in a row, demonstrated triple-digit growth year-over-year across core metrics year-to-date with all-time high average handle per customer, average revenue per user and record low cost of customer acquisition over that same period gives me high conviction in Rivalry Corp’s future. It is this proven operating leverage, supported by an improving sportsbook margin profile resulting in more revenue per dollar wagered now fuelled by growth capital, that is creating a significant opportunity set for Rivalry Corp. It is that combination which gives us confidence to reaffirm our first half 2024 profitability guidance.”
Third Quarter 2023 Highlights:
- Betting handle for Q3 2023 was $105.7 million, an increase of $35.4 million or 50% from $70.3 million in Q3 2022.
- Revenue was $8.7 million in Q3 2023, a record result for a third quarter, representing an increase of $1.6 million or 22% from $7.1 million of revenue in Q3 2022.
- Gross profit was $4.0 million in Q3 2023, an increase of $1.9 million or 90% from $2.1 million of gross profit in Q3 2022.
- The casino segment generated approximately half of total betting handle ($50.4 million). Recent casino product launches including a custom-branded slots category, a new original game Cash & Dash and the release of Casino.exe on our iOS mobile app in Ontario set the stage for continued growth and increased player wallet share.
- Modest decline in operating expenses sequentially continues the trend of effective cost management while still maintaining significant year-over-year growth rates at the company.
- Net loss was $5.6 million for Q3 2023, a 6% reduction from the net loss of $6.0 million in Q3 2022 and 12% decrease sequentially.
- Rivalry Corp launched an industry-first same-game parlay product for eSports within the quarter, supporting an improved sportsbook product mix and contributing to an enhanced margin profile.
- The company had $7.4 million of cash and no debt as at September 30, 2023.
- On November 15, 2023, Rivalry Corp strengthened its balance sheet with the announcement of a private placement offering of $14 million principal amount senior secured convertible debentures to scale several strategic verticals across marketing, product development and geographic expansion.
Year-to-Date 2023 Highlights:
- Betting handle for the nine-month period ended September 30, 2023 was $338.1 million, an increase of $189.2 million or 127% from $148.9 million in the comparable period of 2022 while marketing spend decreased by 8%.
- Revenue was $29.2 million in the first nine months of 2023, representing an increase of $12.0 million or 70% from $17.2 million of revenue the previous year.
- Gross profit was $13.2 million in the first nine months of 2023, an increase of $8.4 million or 175% from $4.8 million of gross profit a year earlier.
- Net loss of $15.2 million in the nine-month period ended September 30, 2023, a reduction of $3.6 million compared to a net loss of $18.8 million over the same period in 2022.
Rivalry Corp is pleased to announce a virtual investor day to be held at 10:00am EST on January 17, 2024. The company will discuss its outlook for 2024, growth initiatives, upcoming product innovations and insights into the Gen Z consumer. More details will be revealed in the coming weeks.
Investor Conference Call:
Management will host a conference call at 10:00am EST on Wednesday, November 29, 2023 to discuss the company’s third quarter 2023 financial results.
- Dial-in: 888-886-7786 (toll free) or (+1) 416-764-8658 (local or international calls).
- Webcast: A live webcast can be accessed from the Events section of the company’s website at www. RivalryCorp .com. A replay of the webcast will be archived on the company’s website for one year.
Rivalry Corp’s financial statements and management discussion and analysis for the period ended September 30, 2023 are available on SEDAR+ at www. SedarPlus.ca and on the company’s website at www. RivalryCorp .com.
The company also announces that it has approved a grant of stock options, pursuant to the terms of the company’s equity incentive plan, to an investor relations service provider. A total of 44,444 stock options have been awarded to such investor relations service provider. The stock options will be exercisable at an exercise price equal to the closing price of the subordinate voting shares on the TSX Venture Exchange two trading days following the issuance of this press release, for a period of five years from the date of the grant. The stock options vest in equal quarterly instalments over a period of twelve months, commencing on the three-month anniversary of the date of the grant.
Oddin.gg Boosts United States Expansion with Key Licensing Efforts and High-Profile Partnership
Oddin.gg, a leader in eSports betting, is excited to announce significant strides in its North American expansion. Building on Oddin.gg’s existing licenses in Ontario, New Jersey and Colorado, the company is actively pursuing licenses in key states including Ohio, Maryland, Kansas and five more, underscoring their commitment to broadening the company’s footprint in the dynamic United States market.
The United States sports betting landscape is evolving rapidly, with regulations varying across states. This complexity makes navigating the legal requirements challenging but also presents a unique opportunity for innovation and growth in eSports betting. The market is projected to see exponential growth, with an estimated betting volume of around US$10 billion by 2025. The goal of Oddin.gg is to be at the forefront of this surge, offering an unparalleled betting experience.
In this ambitious venture, Oddin.gg is thrilled to partner with Bill Pascrell III, a distinguished figure in political and legal circles. His extensive experience as Counsel to the Governor of New Jersey, Passaic County Counsel and a trusted advisor to high-profile political campaigns and officials including John Kerry and United States Senators like Jon Corzine, Frank Lautenberg and Cory Booker, positions him uniquely to navigate the complex regulatory landscape.
“Our pursuit of additional state licenses in partnership with Bill marks a significant advancement in our mission,” the co-founder and Chief Executive Officer for Oddin.gg, Vlastimil Venclik, said. “We’re not just growing our footprint; we’re innovating and enhancing the eSports betting experience, setting new industry standards. This expansion reflects our dedication to providing engaging, reliable and compliant betting services to eSports enthusiasts across the United States. We’re excited about what the future holds and are committed to being at the forefront of this rapidly-evolving market. We strive to be the leading force dispelling the misconceptions surrounding eSports betting and vigilant guardian of the integrity not just in North America but globally.”
“It is an honor for me to be retained by the number-one choice for eSports betting, Oddin.gg,” Pascrell said. “I will be assisting it as outside counsel with licensing and regulatory compliance in North America. Vlastimil Venclik, co-founder and Chief Executive Officer, and Marek Suchar, co-founder and Managing Director, are trail blazers in the eSports betting market. Vlastimil and Marek have tremendous reach and the best odds feed and risk management as a major B2B provider. The recent decision to expand the reach into the North American market by pursuing faster licensing in more jurisdictions in the United States has generated incredible interest in the ever-growing eSports betting market.”
The company’s goal goes beyond market presence. The aim is to create a richer, more engaging betting environment, tapping into the potential of a market ripe for transformation. This journey is about setting new benchmarks in eSports betting and creating lasting impacts that resonate with their users nationwide. Other news on how Oddin.gg continues to break new ground in the United States eSports betting scene will follow.
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