Tag Archives: canada

Three way partnership results in Atlantic Lottery relaunch

Copyright: somchaiphanbun / 123RF Stock Photo

A new three way partnership between IWG, Scientific Games and Atlantic Lottery, is to result in a relaunch of the Canadian Lottery’s entire online instant win offering. Scientific Games is set to provide an omni channel gaming system, which is to integrate with the IWG Progressive Play Remote Gaming Server (RGS), giving users access to both IWG and third party …

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FIFA seeks ‘stronger ethical code’ for its World Cup 2026 bidding process

FIFA governance has presented its official guiding mandate for the bidding process to host its 2026 World Cup tournament. World football’s governing body has presented its official guidelines to the committees representing North America’s joint bid of USA-Canada-Mexico competing against Morocco for the right to host football’s biggest tournament. Presenting a 35-page document, FIFA governance has made bidding parties’ aware of key …

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New business & partnerships deliver for Paysafe Group this H1 2017

Publishing its H1 2017 interim results, digital payments services provider Paysafe Group plc has reported an 11% increase in group revenues to $538 million. The leading industry payments provider, Paysafe is currently the subject of a £3 billion takeover deal by the combination of private equity firms CVC Capital and Blackstone (bid proposed on August 2017). Closing its H1 2017, …

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OLG Toronto gambling tender to be ‘High Stakes’ for Caesars Entertainment

Canadian news sources have reported that the Ontario Lottery & Gaming Corporation (OLG) will select an external gambling firm to run its operations for casino and slot machine services within the Greater Toronto Area. Launching a tender, OLG seeks a gambling enterprise to run its Toronto area racetracks of Ajax Downs and Woodbine as well as its Great Blue Heron …

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US & Italy growth helps IGT secure ‘important milestones’ in 2016

Completing its first full-year on the New York stock exchange under the enlarged IGT Group Plc enterprise (combination of IGT, GTECH and Lottomatica). IGT governance states that the company has accomplished several ‘important milestones’, beating analyst 2016 expectations. Presenting its full-year 2016 results, IGT governance points to the firms strengthened performance in its core markets of US and Italy as …

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Gaming Nation Canada acquires BD Sport for £11 million

Canadian sports entertainment group Gaming Nation has confirmed that it has acquired UK-based in-stadia marketing specialist BD Sport Group (BD Sport) for a total consideration of £11 million. Updating the market, TSX-listed Gaming Nation detailed that it had agreed to acquire BD Sport assets outright for £8.8 million, with the acquiring firm adding a further £2.2 million in performance-related provisions. …

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Quebec AMF sets November date for Baazov ‘insider trading’ case

Canada’s High Court has set a 20 November date for the ‘insider trading’ trial of former Amaya Inc CEO David Baazov by Quebec securities regulator Autorité des marchés financiers (AMF). Baazov faces 23-charges of illegal trades carried out over a six-year period as CEO of Amaya Inc. The AMF states that Baazov and twelve close associates had created a ‘sophisticated network’ …

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partypoker commits to biggest ever LIVE poker tour

GVC Holdings subsidiary partypoker has stated its commitment to ‘live poker’ announcing the launch of its new ‘partypoker LIVE’ global tour in 2017 with a number of headline events featuring Million $ prizepools. The LIVE global tour will make its first stop in Quebec Canada at the Playground Poker Club featuring a guaranteed prizepool of CAD $1 million for the …

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Baazov cites shareholder ‘premium’ demands for Amaya bid failure

David Baazov has walked away from his bid to take control of Amaya, the gambling operator he has been instrumental in building over the last few years. In a release issued to the media, Baazov claimed: “The decision to terminate my attempted acquisition of Amaya was not an easy one. I retained a full suite of advisors, arranged committed financing, and engaged in constructive negotiations with Amaya’s …

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Baazov Amaya bid in turmoil as Dubai backer claims ‘no involvement whatsoever’

The proposed CAD $6.7 billion acquisition of Amaya Inc by former Chief Executive David Baazov, has been thrown into question following reports that Dubai-based private equity firm KBC Aldini Capital has denied being involved in Baazov’s takeover of Amaya assets. On 14 November Baazov had penned an official CAD $24 per share (30% premium) for Amaya assets. Baazov who is …

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