Canada

Massachusetts Senate Passes Sports Betting Bill

Published

2 years ago

May 3, 2022

The Massachusetts Senate has passed a bill that would allow legal sports betting – but with a prohibition on many forms of marketing – in the state.

The chamber reviewed Senate Bill 2844, which added a clause to the Massachusetts General Laws clarifying that sports betting, whether online or land-based, was not a form of illegal gaming.

The bill would also prohibit “advertising, marketing, and branding through certain identified promotional items that, as determined by the commission, tend to increase the likelihood of problem gambling, which may include giveaways, coupons or promotional gaming credits”.

In addition, the bill would ban marketing during a live sporting event and would only allow online marketing if 85% of the audience “is reasonably expected to be 21 years of age or older”.

Online sports betting would be taxed at 35% of revenue and retail sports betting at 20%.

A Category 1 sports betting license may go to any existing gaming licensee, provided they pay a $5m application fee. The three current gaming licensees in the state are Wynn’s Encore Boston Harbor, MGM’s Springfield casino, and Plainridge Park Casino from Penn National Gaming. Each of these operators may offer not only retail betting but also one online betting skin.

The state Lottery Commission may issue up to six Category 2 licenses for online-only sports betting, chosen through a “competitive application process”. These licensees must also pay a $5m application fee.

In addition, Massachusetts governor Charlie Baker is instructed to negotiate with the state’s Native American tribes for a new Class III gaming compact that would also allow for sports betting.

Bettors will also not be permitted to place wagers on college sports.

After considering amendments, senators voted to replace Senate Bill 2844 with House Bill 933, which had already passed the House in 2021, and to replace all of HB933’s text with that of SB2844. The Senators then voted to approve this new version of HB933.

As the House had already passed a version of House Bill 933, a joint conference committee of both houses will now meet to create a bill that both chambers can approve.

Canada

Rivalry to Report First Quarter 2024 Results on May 30

Published

1 day ago

May 24, 2024

GamingAmericas.com

rivalry-to-report-first-quarter-2024-results-on-may-30

Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for Gen Z, today announced details of its planned release of first quarter 2024 financial results.

The Company expects to file its Q1 2024 results the morning of Thursday, May 30, 2024 prior to the commencement of TSXV trading. Management plans to host an investor conference call that same day at 10:00 am EDT to discuss the results.

Conference Call Details

Timing:	Thursday, May 30, 2024 at 10:00 am EDT

Dial-in:	1-800-717-1738 (toll free) or (+1) 289-514-5100 (local or international calls)

Webcast:	A live webcast can be accessed from the Events section of the Company’s website at rivalrycorp.com

	A replay of the webcast will be archived on the Company’s website for one year.

Canada

Play’n GO announces partnership with Canadian operator Loto-Québec

Published

1 week ago

May 16, 2024

GamingAmericas.com

play’n-go-announces-partnership-with-canadian-operator-loto-quebec

Play’n GO, the world’s leading casino entertainment provider, has today announced a partnership with Canadian operator Loto-Québec, launching the Swedish gaming giant’s games into another Canadian province.

Already active in another Canadian province , this partnership sees Play’n GO’s content available in the province of Québec exclusively with Loto-Québec, a state-owned corporation, where online players now have access to titles such as Tome of Madness.

Magnus Olsson, Chief Commercial Officer, Play’n GO said: “At Play’n GO, we have always been clear in our vision to be active in every regulated market in the world, and this partnership with Loto-Québec is the next step on that journey.

“Our past success in Canada gives us confidence that players in Québec will enjoy the best Play’n GO content, and we look forward to many years of success with Loto-Québec in the province.”

Stéphane Martel, Head of Product and Innovation at Loto-Québec added: “As the sole iGaming operator in Québec, we pride ourselves on offering titles that truly add value to our platform, lotoquebec.com. We are happy to bring Play’n GO games to our players.”

Canada

Court Decision Upholds iGaming Ontario’s Model

Published

1 week ago

May 15, 2024

GamingAmericas.com

court-decision-upholds-igaming-ontario’s-model

iGaming Ontario has welcomed the decision of the Ontario Superior Court, which found that iGaming Ontario’s model is consistent with the Criminal Code and that iGaming Ontario is conducting and managing igaming in the province.

“We have always been confident in our model and are pleased that the court has ruled in our favour, and that Ontarians can continue to play with confidence in our regulated igaming market,” said Martha Otton, Executive Director of iGaming Ontario.

“Ontario’s model meets the requirements and contributes to the public good by protecting players, their data and their funds, while helping to fund priority public services in Ontario, and bringing well-paid, high-tech jobs and economic development to Ontario,” Otton added.

In dismissing the application brought forward by the Mohawk Council of Kahnawà:ke (MCK), the Superior Court found that iGaming Ontario is the “operating mind” behind Ontario’s competitive igaming market in accordance with the conduct and manage requirements of the Criminal Code.

iGaming Ontario will continue to conduct and manage igaming as it has since the launch of the regulated market on April 4, 2022.