Canada
CGA Update: More of Canada’s Gaming Industry Opens
The Canadian Gaming Association extends a warm welcome back to operators and employees as more of Canada’s gaming industry re-opens!
SIGA
Congratulations to the Saskatchewan Indian Gaming Authority (SIGA), which operates seven of Saskatchewan’s nine casinos, on a successful re-opening earlier this month.
Manitoba
After being closed down for more than four months, casinos in Manitoba will be allowed to re-open this week.
The new plan proposes casinos may re-open with a maximum occupancy of 30% including staff.
Manitoba Liquor & Lotteries (MBLL) will be able to open the Club Regent Casino, the McPhillips Station Casino, and the Shark Club Gaming Centre on Wednesday, July 29.
Loto-Québec
Loto-Québec began to gradually re-open its facilities on July 3 in a staggered schedule, with operations adjusted to comply with physical distancing and health and safety standards. Network bingo, VLT and Kinzo network, Hilton Lac-Leamy, Casino de Charlevois, Casino de Mont-Tremblant, Québec and Trois-Rivières gaming halls most recently Casino du Lac Leamy have re-opened. Only the Casino de Montréal remains to open on August 3.
In Ontario, while most regions with casinos have been given permission to re-open, the current indoor capacity limit of 50 doesn’t make this economically viable. The CGA is working with all Ontario operators to propose a pod-based plan to the provincial government that would allow facilities to open with multiple pods of 50 (average 6-7) with robust health and safety measures in place.
Canada Emergency Wage Subsidy (CEWS) Update
Last week Finance Minister Bill Morneau announced proposed changes to the CEWS that would broaden the reach of the program and provide better targeted support so that more workers can return to their jobs quickly as the economy restarts. Proposed changes included in the Government’s draft legislative proposals would, among others:
Allow the extension of the CEWS until December 19, 2020, including redesigned program details until November 21, 2020.
Make the subsidy accessible to a broader range of employers by including employers with a revenue decline of less than 30% and providing a gradually decreasing base subsidy to all qualifying employers.
Introduce a top-up subsidy of up to an additional 25% for employers that have been most adversely affected by the pandemic.
Provide certainty to employers that have already made business decisions for July and August by ensuring they would not receive a subsidy rate lower than they would have had under the previous rules.
Supreme Court of Canada Decision on Atlantic Lottery Corporation Inc. v. Babstock
The Canadian Gaming Association (CGA) applauds the Supreme Court of Canada’s decision not to allow a class action lawsuit about video lottery terminals (VLTs) to go forward.
The Court’s decision can be found here.
The CGA was granted intervenor status in 2019 in the Atlantic Lottery Corporation Inc. v. Babstock in support of the appellants, the Atlantic Lottery Corporation and its VLT and software suppliers and was represented by McCarthy Tétrault LLP.
The Court unanimously echoed a couple of the CGA’s key submissions, and we are pleased the association was able to support our industry, and that the perspective of the Canadian gaming community was taken into account so that the Supreme Court was able to release a principled decision that benefits the industry as a whole.
Brandon Kain, Partner at McCarthy Tétrault LLP, who successfully defended our industry, had these insights to share:
“For the CGA and its members, the most significant outcome of this decision is the Court’s narrow reading of the offence-creating provisions of the Criminal Code. The Court unanimously rejected the plaintiffs’ proposed interpretation, which would have made all VLTs and similar gaming offerings legally suspect. CGA members can also take comfort in the Court’s conclusions with respect to disgorgement, breach of contract, and good faith. Each of these will make it difficult or impossible for plaintiffs to certify class actions based on allegations that a gaming offering somehow did not provide players with what they paid for, without establishing – or at least asserting – that the players suffered a legally compensable loss as a consequence.”
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The award-winning game studio will deliver titles to players in the UK, Canada and Latin America
Playson, the accomplished digital entertainment supplier, has forged a major global content deal with Light & Wonder to significantly enhance the reach of its extensive games portfolio.
This landmark agreement will enable Light & Wonder’s expansive operator network across the UK, Canada, and Latin America to gain access to Playson’s engaging offering.
UK-based operator Dazzletag Entertainment Ltd was the first to go live with the studio’s creative releases last month, with SUPERCHARGED CLOVERS: HOLD AND WIN and 3 POTS RICHES: HOLD AND WIN launched across its online casino brands.
Light & Wonder’s content marketplace is utilised by some of the biggest operator brands from across the globe, providing them with access to more than 3,500 games from a host of third-party studios to allow them to build personalised, mobile-ready player experiences and stay ahead of regulatory changes.
The partnership signifies the strength of Playson’s reputation as a respected and highly sought-after provider to operators globally, as the rising demand for its games looks set to take the studio to new heights for 2025.
Blanka Homor, Sales Director at Playson, said: “Our deal with Light & Wonder is a major milestone in our strategic roadmap, as we embark on the next chapter of our global growth. This agreement expands our reach and allows us to deliver our appealing titles to new operators and players.
“The launch of our titles across Dazzletag’s two brands is a great start, and we are confident this relationship will further elevate our presence in the ever-evolving online casino space.”
Steve Mayes, Senior Director of Partnerships at Light & Wonder, said: “We are delighted to be working with such a highly respected digital entertainment provider and deliver their portfolio to our network. This strengthens our commitment to offering operators the best game releases available.
“We look forward to other successful launches in 2025, as we continue to support our operators with diverse content.”
The post Playson signs agreement with Light & Wonder in global distribution deal appeared first on European Gaming Industry News.
NorthStar Gaming Holdings Inc. announced that the company has, subject to final approval of the TSX Venture Exchange, entered into a credit agreement (the “Credit Agreement”) in respect of a senior secured first lien term loan facility providing for loans in an aggregate principal amount of up to $43.4 million CAD (being the approximate equivalent of $30,000,000 USD) (the “Credit Facility”) to be made available by Beach Point Capital Management LP (“Beach Point”). Playtech plc (“Playtech”) and certain Playtech subsidiaries have agreed to provide credit support for certain obligations under the Credit Facility. The Credit Facility represents a significant milestone for NorthStar, strengthening its balance sheet and enabling the Company to continue to accelerate its growth initiatives.
“This is a pivotal moment for NorthStar, marking the largest financing in our history. This Credit Facility strengthens our balance sheet and directly supports our ability to scale operations and drive the business towards profitability with a single-minded focus. We are grateful to Beach Point Capital Management for their trust in our strategy and vision. We are also thankful for Playtech’s steadfast partnership which was instrumental in securing this funding, reinforcing their value both strategically and as a technology provider,” said Michael Moskowitz, Chair and CEO of NorthStar.
“Beach Point has deep experience investing across the gaming sector and is excited to partner with NorthStar to support their strategic initiatives. The online gaming sector has been growing rapidly, and this investment reflects our confidence in the Company’s leadership, market potential, and ability to deliver long-term sustainable growth. Likewise, we value the partnership with Playtech, who are contributing their leading technology, global reach, and strategic vision towards NorthStar’s continued success,” said Gabriel Fineberg, Managing Director at Beach Point.
The purpose of the Credit Facility is to support NorthStar’s continued growth by significantly strengthening the Company’s balance sheet. The Company will use the proceeds of loans made pursuant to the Credit Facility: (i) to repay the aggregate $9.5 million CAD principal amount (plus accrued interest) loaned to the Company by Playtech pursuant to unsecured, interest-bearing promissory notes dated April 25, 2024, September 13, 2024 and December 16, 2024; (ii) to fund an interest reserve account in respect of the Credit Facility in an amount equal to $7,000,000 CAD; (iii) for working capital and general corporate purposes; and (iv) to pay transaction costs in connection with the Credit Facility.
The post NorthStar Gaming Announces $43.4 Million Long-Term Debt Financing appeared first on Gaming and Gambling Industry in the Americas.
Blanka Homor Sales Director at Playson
Playson strengthens Canadian footprint with Titanplay partnership
Playson, the established digital entertainment supplier, has secured its latest partnership in Canada after launching its games portfolio with rising iGaming operator Titanplay.
After obtaining its Ontario licence and going live in June earlier last year, Titanplay has made impressive strides in a short space of time with its online casino offering resonating with players across the province.
The agreement sees Playson support Titanplay’s ongoing expansion across Ontario with the supplier’s industry-renowned Hold and Win portfolio now available on the operator’s website, integrated via Relax Gaming’s aggregation platform.
Titles including Coin Strike: Hold and Win, Diamonds Power: Hold and Win and Pink Joker: Hold and Win will enable players to enjoy a feature-led, captivating gameplay experience and expand Titanplay’s rapidly expanding portfolio.
Playson’s latest tie-up underlines its intent of further establishing its brand within Ontario after successfully entering the Canadian province back in 2022. The provider’s industry-renowned portfolio continues to drive long-term value for operators worldwide.
Blanka Homor, Sales Director at Playson, said: “We are proud of the footprint we have established in Ontario with local players truly appreciating the Playson experience. Partnering with an exciting name in the region like Titanplay allows us to accelerate our progress and bring our premium offering to an increased pool of players.
“We look forward to gauging the response from Titanplay enthusiasts and watching this partnership grow from strength to strength.”
Titanplay management commented: “At Titanplay, we pride ourselves with working with industry-renowned names and partnering with Playson seamlessly fits into our plans of becoming a household name in Ontario and across Canada.
“Our portfolio will undoubtedly be elevated by Playson’s Hold and Win collection, offering players a dynamic offering of feature-filled, graphically advanced titles.”
The post Playson strengthens Canadian footprint with Titanplay partnership appeared first on Gaming and Gambling Industry in the Americas.
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