Tag Archives: canada

Oh Canada! Bill C-221 set for Commons’ September review

Hopes of progressing legalised ‘single-game’ sports betting in Canada, will again return to the spotlight as Ottawa’s House of Commons reviews Bill C-221 on 21 September. Canadian Commons’ will debate whether to progress C-221 ‘’ The Safe & Regulated Sports Act” to its Committee on Justice and Human Rights for further review or whether to simply reject the proposed bill. …

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Caesars Entertainment keen on Toronto casino complex

Canadian business news sources have reported that Caesars Entertainment Corporation (CEC) is one of the bidding firms seeking to win the building rights for a casino complex in Toronto. CEC’s bid for a Toronto gaming complex, comes despite the company being embroiled in ongoing creditor disputes relating to subsidiary Caesars Entertainment Operating Company (CEOC) $18 billion debt. Nevertheless, CEC shareholders …

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David Baazov officially resigns as Chief Executive of Amaya Inc

Toronto-listed Amaya Inc has confirmed Rafi Ashkenazi’s appointment as chief executive on a permanent basis after former boss David Baazov cut his official ties with the company. Amaya confirmed Baazov had resigned from ‘all positions’ within the company effective 11 August. He had been on temporary leave since March. Issuing a short statement Baazov commented: “I am proud of my contributions in building Amaya into the successful company it is today, and …

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Intertain narrows losses to CAD $27.5 million as company seeks London listing

Presenting its Q2 2016 results (period ending 30 June), Toronto TSX-listed igaming operator Intertain Group (Intertain) has reported revenue growth throughout all its core brands’ Jackpotjoy, Vera&John and Mandalay. The igaming operator closes its Q2 2016, recording total group revenues of CAD $118 million (£70 million) up 22% on corresponding Q2 2015 CAD $97 million. Intertain revenue growth would transmit …

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TonyBet sponsors inaugural World Cup of Cards in Montreal

TonyBet has been confirmed as the overall series sponsor for the inaugural World Cup of Cards (WCC) at Playground Poker Club in Montreal. The WCC, with over $2,000,000 in prizes guaranteed, will take place between August 18 and September 14. The online gaming company will also be the title sponsor of the WCC charity event, Playground Poker Club’s 3rd All-Stars for …

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Intertain Group pushes for London Stock Exchange listing

Updating the market, Intertain Group governance has informed investors that it plans to list on the London Stock Exchange with a view to ‘enhance shareholder value’ by placing its operations closer to its core markets of the UK and Europe.   At present Intertain Group operator of European igaming brands; Jackpotjoy, Vera&John, Costa Bingo and InterCasino is listed on the …

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Canada sports betting lobby criticises NHL on Las Vegas franchise

  Canada’s pro sports betting stakeholders have criticised the NHL (the governing body of US professional ice hockey), stating that its decision to allow a new franchise in Las Vegas was hypocritical.   The NHL’s governance has been one of the major roadblocks in allowing lawmakers to pass a single sports betting bill, on grounds of potential integrity impacts to …

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Intertain bounces back with strong 2016 opening

Toronto TSX-listed online gambling operator Intertain Group Limited (Intertain) has reported a positive start to its 2016, recording group revenues of CAD $128 million (£68 million) for Q1 2016 performance (period ending 31 March). Updating the market, Intertain would report growth on all its core top-line fianancial metrics (performance statement below), with the company posting a period net income of …

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Canada’s Liberal Party opposes single sports betting bill C-122

Canada appears to be split once more regarding its sports betting future, as the ruling Liberal Party has refused to support Bill C-122: ‘The Safe and Regulated Sports Betting Act’. Pro betting stakeholders, had begun the week eager for C-122 policies to be reviewed by Ottawa’s House of Commons on Tuesday. However, hopes of progress for C-122 were quickly dashed …

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New Hope? – Canada set to review new C-122 ‘single sports betting bill’

Canadian gambling stakeholders and political backers are aiming to breathe new life into the nation’s sports betting agenda, by presenting Bill C-122: ‘The Safe and Regulated Sports Betting Act’, to Ottawa’s House of Commons. C-122 is expected to gain a second review this Tuesday, with Canadian news sources claiming that the bill has the support of Canada’s Chamber of Commerce. …

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