Tag Archives: canada

Canada CGA – Commons fails to realise benefits of sports betting debate

Responding to last week’s decision by the Ottawa House of Commons to vote down the progress of ‘single sports betting’ Bill C-221 ‘The Safe & Regulated Sports Act’, the Canadian Gaming Association (CGA) has stated that it is deeply disappointed by the outcome. Releasing a public statement, CGA representatives detailed that by denying C-221, Commons had again failed to engage …

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‘Its Done!’…Canada Commons shuts down Single Sports Bill C-221

Hopes of progressing Canadian single sports betting have been dashed again as the Ottawa House of Commons voted against Bill C-221 this Wednesday. Commons voted down against C-221 with 133 MPs voting in favour and 156 against the bill. C-221 named ‘The Safe & Regulated Sports Act’ will not be carried over to the Canadian Committee for Justice. Windsor West MP Brian …

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Independent tribunal hears Baazov insider trading charges

Insider trading allegations made by Quebec’s Autorité des Marchés Financiers (AMF) against former Amaya Inc CEO David Baazov and 12 close associates are being reviewed by an independent Montreal financial tribunal. The two-day hearing which began on Monday will review the charges made against Baazov and associates of creating a ‘sophisticated network’ executing insider trades on Canadian stocks over a six-year …

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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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