Canada
Sports Betting Social Platform Betsperts Acquires Fantasy Life App
Betsperts, the leading crowdsourced sports betting social media platform, announced the acquisition of Fantasy Life App, a platform dedicated to providing the fastest breaking news, updates and advice to give bettors and fantasy players a competitive edge, in an all stock transaction. The new entity will be renamed Betsperts Media and Technology Group, Inc. and form the largest social media platform dedicated to sports betting and fantasy sports worldwide. The acquisition will double the headcount of Betsperts. Fantasy Life App co-founder and ESPN fantasy sports expert, Matthew Berry will stay on with Betsperts as a board member and a significant minority shareholder of the company.
Founded in 2018, by co-founders Reid Rooney and Austin Harper, Betsperts was created to allow users to share information, content and resources to create a more informed and stronger betting community. Following the closing of the acquisition, Betsperts is actively raising a multi-million Series A funding round. The round will be used to fund growth strategies including talent, adding more content and user acquisition while also making significant advancements in technology. The company is currently projecting revenue of more than 20x its 2020 full year results.
“The future of sports betting is stronger social connectivity between bettors and we are leading the way in building the destinations for communities,” said Reid Rooney, CEO of Betsperts. “The acquisition of Fantasy Life App is a major stepping stone in providing our loyal users with advanced capabilities where they’ll be able to not just interact within the community but utilize Betsperts to grow, fortify and effectively monetize their sports betting following much like how influencers leverage other social media platforms.”
With more than 10,000,000+ monthly visits across their properties during the 2020 football season, Betsperts Media & Technology Group will utilize content and technology from the two apps to enhance capabilities and drive deeper user engagement. Sports bettors and fantasy players will receive the fastest news alerts, information and social capabilities on the market.
“Community and the social fabric of gaming has been a huge part of my life and career. I write about it extensively and it’s what led to the creation of the Fantasy Life App for fantasy and DFS players. When I saw what Reid and Austin had built with the Betsperts community I was really impressed. They’ve done for sports betting what we have done for fantasy – used advanced technology to create a robust and highly engaged community,” said Matthew Berry. “The companies are a perfect complement to each other and as gaming in all forms keeps growing in America, I know that bettors and fantasy players alike will continue to look to Betsperts and the Fantasy Life Apps for more ways to interact, educate and entertain themselves.”
Berry will be joining a Betsperts board that also includes David VanEgmond, ex-Barstool Sports and FanDuel executive and current founder & CEO of Bettor Capital. Investors in the new Betsperts entity include Parlay Capital Holdings, Velo Partners, MLB players Evan Longoria, Adam Wainwright and David Price, NBA All Star Richard Jefferson, NASCAR driver Kyle Busch, Grammy winner Darius Rucker, entrepreneur and Atlanta Hawks owner Jesse Itzler and Eric Norlin of SK Ventures.
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Canada
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
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
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.
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