Canada
Continent 8 Technologies hires Kristian Valenta as Chief Financial Officer
Previous Vice-President in the Technology, Media and Telecommunications Group at leading Canadian private equity firm, joins Continent 8 at a time of ongoing expansion.
Continent 8 Technologies, the award-winning managed hosting, connectivity, cloud and security provider to the global online gambling industry, is delighted to announce the appointment of Kristian Valenta to the role of Chief Financial Officer.
Valenta has previously held a number of senior level roles, most recently as Vice-President in the Technology, Media and Telecommunications Group at Novacap, a leading North American private equity firm.
During his time at Novacap, he led numerous fund related activities, including supporting various capital raises, headed several M&A and corporate finance efforts and has been an active Board member across numerous portfolio companies within the technology group.
Based in Montreal and reporting directly to the CEO, his role at Continent 8 will see Valenta continue to build on the company’s existing plans for expansion. He will be responsible for the company’s overall finances, whilst working alongside the executive team on policy, operations and Continent 8’s overarching strategy.
Michael Tobin, Chief Executive Officer and Founder, at Continent 8 Technologies, said: “Over the last few years, we have built an exceptional team at Continent 8, growing our head count year-on-year. Kristian’s appointment is a significant one for our business during a period of fast growth as new markets regulate and open for business. Kristian brings a wealth of experience and passion to Continent 8, making him an invaluable member of our leadership group. Welcome to the team, Kristian.”
Kristian Valenta, Chief Financial Officer at Continent 8 Technologies, added: “It is an honour to join Continent 8, a company that has established itself as a highly respected leader in its field. My role as CFO will provide me with an exciting opportunity to work alongside a committed executive team and I look forward to playing an integral role in the company’s continued growth globally.”
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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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