Canada
XPOINT AND COURTSIDE VENTURES ANNOUNCE INVESTMENT PARTNERSHIP
Xpoint, the leading geolocation and compliance technology company specializing in U.S. sports betting and iGaming markets, has confirmed an investment partnership with Courtside Ventures, the early-stage venture capital fund focused on sports, betting, collectibles, fitness and gaming. Xpoint joins Courtside Venture’s portfolio which features a range of high profile international companies including StockX, The Athletic, 100 Thieves, Recur and Winzo.
Ahead of the official launch of the Xpoint platform online in early 2022, Xpoint has already announced partnerships with Sporttrade, the first-ever dynamic sports betting and trading exchange, PlayStar Gaming, the revolutionary online casino operator, and a further investment partnership with Bettor Capital. The new funding from Courtside Ventures will further support Xpoint’s already impressive growth in the U.S. market and worldwide, as the company continues its mission of transforming the global geolocation market.
“Courtside Ventures have an incredible portfolio of investments across a range of industry sectors which complement Xpoint’s core business goals and values, and I am proud to welcome Courtside into our team,” commented Marvin Sanderson, CEO and co-Founder of Xpoint. “The Courtside team has a proven track record of identifying exciting new brands, challenging the norm from entertainment and media to technology and software. Their support will help us continue our accelerated growth, and will play a major role in helping us achieve the strong targets we have set for 2022 and beyond.”
“Xpoint is a very natural fit for Courtside,” commented Deepen Parikh, Courtside Ventures Partner. “They have a world-class team, developing a solution for a rapidly growing industry that is poised for massive innovation. We are excited to work closely with Marvin and the whole team to create a market-leading business.”
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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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