Canada
Intema announces the resumption of trading in its securities
Intema Solutions Inc. is pleased to announce that its securities will resume trading at the opening of the markets on Monday, November 22, 2021.
“We are excited to have our stock trading again and to pursue our growth plans in the rapidly growing esports and iGaming sectors,” said Laurent Benezra, President and CEO of Intema. “In the coming weeks, we will pursue our efforts to finalize the acquisition of Livestream Gaming Ltd. (“Livestream”), owner of LOOT.BET, and meet the conditions for approval of the transaction, including, but not limited to, obtaining a gaming license from the Isle of Man and filing the required documentation with the regulatory authorities.”
“Since entering the esports and iGaming sectors in early 2021, we have completed the acquisitions of the social and esports platform HypeX.gg, the B2B and B2C esports-related product and service provider The SMACK.gg, and the Team BH esports team, which are all part of the ecosystem we are building. We believe the portfolio of products and services we have cultivated will complement the LOOT.BET online gaming platform and website once the acquisition of Livestream is complete. We have also enhanced the quality and expertise of our management team with the addition of Scott Meyers as CFO, and of our board of directors with the addition of Art Manteris, Marc Brassard and Philip Nolan, all of whom have made solid contributions to our ongoing projects.”
“Once the Livestream transaction is finalized and the final tranche of our financing of up to $15 million financing is in place, Intema will have the tools to pursue the next phase of its global expansion in the esports and iGaming sectors,” concluded Mr. Benezra.
Amendment of By-laws
Subject to the approval of the TSXV and in accordance with the provisions of the Canada Business Corporations Act, the Corporation proposes to repeal the current by-laws of the Corporation and adopt new by-laws 1A of general by-laws and 1B of Advance Notice of shareholder nominees for election of directors (the “Advance Notice”). The purpose of the Advance Notice is (i) to ensure that all shareholders receive adequate notice of director nominations and sufficient time and information with respect to all nominees to make appropriate deliberations and register an informed vote; and (ii) to facilitate an orderly and efficient process for annual or special meetings of shareholders of the Corporation. The Advance Notice By-Law fixes the deadlines by which shareholders must submit director nominations to the Corporation prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in a timely written notice to the Corporation for any director nominee to be eligible for election at such annual or special meeting of shareholders.
Debt Settlement
Subject to the approval of the TSXV, the Corporation intends to settle a total of CAD$250,000 of debt (the “Debt”) owed to Mr. Roger Plourde, Former President, CEO and Executive Chairman of the Board (the “Shares for Debt Settlements”) in relation to his departure in 2019. The Corporation wishes to settle the Debt by issuing to Mr. Plourde 1,250,000 common share purchase warrants of the Corporation at a deemed exercise price of $0.20 per common share pursuant to a Termination Agreement dated August 21, 2019 and a final Debt Settlement Agreement dated November 17, 2021.
Executive Employment Agreement
Subject to the approval of the TSXV, the Corporation reports that it proposes a share issuance of an aggregate of up to 1,283,018 Common Shares as bonus (the “Bonus Shares”) to Mr. Laurent Benezra, the CEO of the Corporation, pursuant to an Executive Employment Agreement dated March 31, 2021. The Bonus Shares will be issued: i. CAD$150,000 or 283,018 Shares as one-time compensation; and ii. over a period of four fiscal years of 2021 to 2024, 250,000 Shares per fiscal year, subject to certain conditions, or 200,000 Shares per fiscal year should the Corporation attain 80% of the financial projection. The Bonus Shares will be subject to restrictions on transfer for a period of four months from issuance.
A full description of the Amendment of By-laws, the Debt Settlement and the Employment Agreement are set out in the Corporation’s management information circular which will be filed on SEDAR in connection with an Annual and Special Meeting of the shareholders of the Corporation to be held in December 2021 (date to be confirmed) (the “Annual Meeting”). The Debt Settlement and the Executive Employment Agreement are subject to the approval by a majority of disinterested shareholders at the Annual Meeting.
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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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