Canada

Jackpot Digital Announces Terms of Spin-out Aimed at Entering Regulated iGaming Markets

Published

3 years ago

June 18, 2021

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.

European Gaming Congress 2024 (Warsaw, Poland)

“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.

Canada

ComeOn Group adds sportsbook to its offering in Ontario

Published

1 week ago

November 8, 2024

GamingAmericas.com

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

Published

1 week ago

November 7, 2024

GamingAmericas.com

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

Published

3 weeks ago

October 30, 2024

GamingAmericas.com

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.