Canada
Peer-To-Peer Sports Betting Exchange Launching Fall, 2021 Announces New VP Hires With Experience From FanDuel, DraftKings and Betfair; Additions Bring Market Knowledge and Strength-In-Depth To Roles In Marketing, Strategy and Operations
Prophet, the first pure peer-to-peer U.S. sports betting exchange, has announced the addition of three senior sports betting, iGaming and gambling experts to VP roles in marketing, operations and strategy. Thomas Phillips joins Prophet as VP of Marketing, Matt Garrigan is VP of Strategy, and Michael Halperin becomes VP of Operations.
“We are delighted to welcome Thomas, Matt and Michael to the Prophet team and are excited to have them bring their experience and market knowledge to us as we look ahead to our full consumer launch in Fall, 2021,” commented Dean Sisun, Prohet CEO and Cofounder. “Having people of their caliber join us from FanDuel, DraftKings and with Thomas’ experience from Betfair, InterCasino and Ladbrokes Coral reinforces what an exciting future everyone at Prophet has ahead of us. We want to attract the best in the business, and the knowledge, experience and skills Thomas, Matt and Michael bring is another key foundation for us as we continue to grow.”
Prophet’s new VP of Marketing Thomas Phillips has over 14 years’ experience in the sports betting, iGaming and gambling industries, working across multiple international territories and products including exchanges, sportsbooks and gaming products. A graduate from Keele University in the UK with a BSc in Psychology and Neuroscience, Thomas’ career started in 2005 running marketing for MotoCaddy, a startup focused on the golf market, before moving into the iGaming market with InterCasino in 2007. In 2009 he joined the Betfair Exchange marketing team, working over the next five years across multiple territories and a range of products, as well as playing a core role in the launch of the Betfair Sportsbook. In 2013 he joined Ladbrokes (now Ladbrokes Coral), leading the Customer marketing team from 2013-2017. In 2018 Thomas established himself as a digital marketing consultant, specializing in high profile betting and gaming brands. He joins Prophet with immediate effect as VP of Marketing.
“I am thrilled to be joining Prophet as VP of Marketing, ” commented Thomas Phillips. “Having previously worked with Dean and Jake [Benzaquen, Prophet COO and Cofounder] in the UK market, I am looking forward to joining a dynamic and innovative team that is set to make the industry stand-up and take notice.”
VP of Strategy Matt Garrigan joins Prophet from FanDuel where he was, most recently, Director, New Market Strategy. A graduate of the University of Nevada Las Vegas in gaming and hospitality, Garrigan brings over 11 years’ experience in the casino and tech industries, combining both brick and mortar and digital gaming and retail sportsbooks knowledge. His career started in 2011 with MGM Resorts International where he worked in race and sportsbook operations. Since then, he has worked with some of the biggest names in sports betting and gaming, including Caesars Entertainment Corporation, Konami Gaming, Penn National Gaming, Scientific Games, Penn Interactive (Barstool Sportsbook) and FanDuel. He joined FanDuel as Sr Manager, Online New Market Strategy in March 2019, moving up to Director, New Market Strategy in March 2021. Garrigan joins Prophet from September 1, 2021 as VP of Strategy.
“From the first time I spoke with Dean and Jake, it was clear we share the same passion and focus to help Prophet fill the gaps that exist in sports wagering from a customer perspective,” commented Prophet’s new VP of Strategy Matt Garrigan. “We are underway with our planning and it’s feeling really good. We have a team that is extremely eager, believe in this unique product we will be bringing to the market, and laser focused on the customer. There is nothing more exciting than planning for a go-live.”
Prophet’s new VP of Operations is Michael Halperin, most recently with DraftKings where he was part of the VIP Promotions & Strategy management group. Halperin was with DraftKings from 2018 until joining Prophet in 2021, starting as a Senior Sportsbook Operations Associate and moving up to the VIP Promotions & Strategy role in early 2021. He was an original member of the DraftKings Sportsbook team and helped launch the first digital-focused sportsbook after the repeal of PASPA in 2018. He has also helped lead the digital operations of the DraftKings sportsbook from operations in one state in 2018 to the more than 10 states in which DraftKings are now operational in 2021, overseeing product operations, promotions and VIP strategy. Prior to joining DraftKings, Haperin’s career began in January 2017 at Chalkline Sports, the media technology company that powers platforms for communities and marketplaces of sports bettors.
“I am beyond excited to be joining Prophet as VP of Operations,” commented Michael Halperin. “Jake and Dean are building a first-class team of experienced individuals who share a passion for sports betting and a hunger to disrupt the U.S. gaming landscape. Prophet’s commitment to building a customer-focused betting exchange will make it the top choice for players looking to get bigger and better returns on their wagers.”
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Canada
Bragg Gaming Group Enteres into New Financing Agreement with Bank of Montreal

Bragg Gaming Group, a leading global B2B iGaming content and technology provider, announced it has entered into a new financing agreement with the Bank of Montreal (BMO), a leading North American financial institution, pursuant to which BMO has made available to the Company certain credit facilities in a maximum aggregate amount of up to US$6.0 million to support its ongoing working capital and general corporate requirements (the BMO Facilities).
In connection with the closing of the BMO Facilities, Bragg has successfully repaid in full the outstanding promissory note with entities controlled by Doug Fallon (the Prior Note Indebtedness). The new BMO Facilities replace the Prior Note Indebtedness, signalling a significant step in the Company’s financial strategy to partner with a major commercial bank to support its growth.
“We are very pleased to establish this new relationship with the Bank of Montreal, a recognized leader in financial services. This new credit facility strengthens our balance sheet and provides us with a flexible capital structure to execute our strategic plan. The ability to secure financing from a major North American bank underscores the confidence in our business and our long-term growth prospects. We look forward to a long and successful partnership with BMO,” said Robbie Bressler, CFO of Bragg Gaming Group.
The BMO Facilities are secured by, amongst other things, a first-ranking security interest over all of the assets of the Company and certain of its key operating subsidiaries, and are uncommitted and are repayable upon the earlier of (i) demand by BMO, (ii) the occurrence of certain insolvency events, and (iii) on the one-year anniversary of the closing date, unless a one-year extension is granted at BMO’s discretion.
The agreement includes customary legal and financial covenants, including a requirement for the Company to maintain a Total Funded Debt to EBITDA ratio not exceeding 2.50:1.00, and a Fixed Charge Coverage Ratio of not less than 1.25:1.00. These financial covenants are to be tested on a consolidated basis at the end of each fiscal quarter.
The Company currently expects to draw on the BMO Facilities in Canadian dollars, which would result in estimated borrowing costs of 6.9%–7.9% for Prime-based loans or 5.9%–6.9% for CORRA-based loans, depending on the period of the draw and the Company’s leverage ratio. Standby fees on the unused portion of the revolving facility will range from 0.75% to 1.75% per annum, depending on leverage.
Management believes that based on the terms of the BMO Facilities, the Company’s borrowing costs on an annualized basis will be less than half of its Prior Note Debt.
Matevž Mazij, CEO of Bragg Gaming Group, said: “Securing this BMO facility represents a critical milestone in our strategic plan to strengthen Bragg’s financial foundation and accelerate value creation for our shareholders. With our cybersecurity incident contained and our borrowing costs cut by more than half, we are laser-focused on executing our strategic shift toward higher-quality earnings. The Company is prioritizing margin and cash generation over lower-margin revenue, and synergies realized post-quarter end to become a leaner operation. We’ve already realized EUR 2 million in annualized synergies and are on track to achieve our 20% Adjusted EBITDA margin target for the second half of 2025.
“Our recent leadership additions in AI and innovation, combined with our expanding partnerships with operators like Fanatics and Hard Rock Digital, position us to pursue highly accretive growth opportunities methodically. The Company remains focused on growing the business in a sustainable and margin-accretive manner, with strong momentum in the proprietary content and technology pipeline positioning Bragg for long-term profitable growth.
“We understand the importance of delivering results for our shareholders, and our board and management team are fully aligned and committed to executing the strategic initiatives that will drive value. With improved financial flexibility, a strengthened operational foundation, and clear milestones ahead, we believe we have the right strategy and team in place to unlock Bragg’s full potential. We remain committed to maximizing shareholder value as we build sustainable, profitable growth and ensure our strong operational performance translates into appropriate market valuation.”
Cyber Breach Update
The Company has also provided an update on its previously announced cybersecurity incident initially detected on August 16, 2025.
Immediately following detection, Bragg took appropriate steps to mitigate any potential impact of the breach. With the assistance of independent cybersecurity experts, the Company has followed industry best practices and considers that the incident is now resolved.
There continues to be no indication that any personal information was affected and the breach has had no impact on the ability of the Company to continue its operations. Bragg has also provided assurances to its customers regarding the security of its game titles. The Company has experienced no negative impact on its revenue or profitability and does not expect that the cost of responding to the incident will have a material financial impact on the Company.
The Company has already applied knowledge gathered from the investigation of the event to enhance its cyber security defenses.
The post Bragg Gaming Group Enteres into New Financing Agreement with Bank of Montreal appeared first on European Gaming Industry News.
Betty
Thunderkick commits to growth in Ontario with Betty partnership

Independent slots studio Thunderkick has agreed a deal with Ontario-based operator Betty to supply the rapidly growing online casino with a diverse collection of globally popular titles.
Betty, an official partner of sporting franchises Toronto Maple Leafs and Toronto Raptors, has risen to prominence since its 2022 establishment, when it was built following the consultation of 300 casino players to create the optimal iGaming environment.
Distinguishing itself from North American competitors by catering specifically to slot enthusiasts rather than sports bettors, the operator has curated a portfolio of 2,800 games, hand-picked to deliver customers maximum entertainment value.
Thunderkick’s content is the latest to be integrated into Betty’s online casino, and the agreement will see a selection of its most popular titles, including The Wildos 2, Midas Golden Touch 3, and Esqueleto Explosivo 3, made available to a greater number of Ontarian players.
Thunderkick marked its debut in the Canadian province in Q2 of 2024, and has since partnered with a network of leading operators to improve its market position. The collaboration with Betty will further amplify its visibility in a key jurisdiction as the provider looks to reinforce its reputation as a global slot developer.
Svante Sahlström, CCO at Thunderkick, said: “It’s our mission at Thunderkick to go deeper, not wider, in 2025. That means forging meaningful, lasting relationships in target markets as opposed to securing as many commercial deals as possible.
“Since entering Ontario over 12 months ago, we have worked tirelessly to enhance our presence in the province, and working with leading brands such as Betty allows us to bring our unique games to a deeper pool of Canadian players.”
Paraskeva Smirnova, Casino Operations Manager at Betty, added: “Betty’s USP has always been our drive to build a slot portfolio with the very best titles from the industry’s most creative suppliers.
“Thunderkick’s passion for slot development is there for all to see, and the introduction of its games to our casino further elevates the consumer experience.”
The post Thunderkick commits to growth in Ontario with Betty partnership appeared first on Gaming and Gambling Industry in the Americas.
BCLC
Save the Date: BCLC’s New Horizons in Safer Gambling Conference Returns November 2026

BCLC is pleased to announce the return of the New Horizons in Safer Gambling Conference, taking place November 2–4, 2026, at the JW Marriott Parq Vancouver.
This global event brings leading voices in research, policy and industry together to explore innovative approaches to safer gambling. Attendees can expect two days of forward-thinking dialogue, evidence-based insights and collaborative solutions to help shape the future of player health.
Sponsorship Opportunities Now Available
New to the 2026 conference, BCLC is excited to offer sponsorship opportunities to organizations that share BCLC’s passion for safer gambling. Benefits of sponsoring New Horizons 2026 include industry visibility, leadership recognition and meaningful engagement with a global audience. To learn more about sponsorship, please e-mail [email protected].
Registration and program details will be released later this fall.
The post Save the Date: BCLC’s New Horizons in Safer Gambling Conference Returns November 2026 appeared first on Gaming and Gambling Industry in the Americas.
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