Tag Archives: canada

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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Amaya expects CEO Baazov to be ‘fully exonerated’ over insider trading charges

Gaming giant Amaya has said it expects its Chairman & CEO David Baazov to be ‘fully exonerated’ after the Quebec securities regulatory authority (AMF) charged him with a number of trading violations as part of a long-running investigation. The AMF has charged Baazov for aiding with trades while in possession of privileged information, influencing or attempting to influence the market price …

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OpenBet partners with BCLC to launch Sports Pools

OpenBet has partnered with The British Columbia Lottery Corporation (BCLC) to launch Sports Pools on PlayNow.com, British Columbia’s gambling website. OpenBet has worked closely with BCLC since they launched their initial online gaming offering in June 2010, when it delivered Canada’s first online casino on OpenBet’s leading platform and centralised account (Player Account Management). Since then, OpenBet and BCLC have continued …

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David Baazov updates market on Amaya takeover bid

Announcing Amaya Inc 2015 full-year results, which saw the operator post net losses of CAD $25 million (£14 million), CEO David Baazov updated the market on his proposed management takeover of the firm. Baazov alerted the media that his executive team intends to make a formal bid to take Amaya assets private, though no timeline for the announcement of the …

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Canada’s TSN launches esports section

The Sports Network (TSN) is the biggest sports network in Canada meaning that the world of esports moves another rung up the ladder with the announcement that it has launched its own esports section.  Known as the ESPN of Canada, it’s hot on the heels of its US cousin, which itself recently committed itself to contributing dedicated esports content. Yahoo is another major …

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Scott Longley – D’oh Canada…Toronto turns against gaming stocks

Toronto listed gambling investment firms buying industry assets in 2014 & 2015 were branded as game changers for the sector. In 2016 business-wide scepticism and criticism has grown of these merged enterprises and their governance, Scott Longley examines how and why opinion has turned on these new Canadian giants. ________________________________ David Baazov, the chief executive of Amaya, may be intent …

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Amaya appoints Barclays Capital to review Baazov bid

Toronto listed Amaya Inc has confirmed the appointment of Barclays Capital Canada to act as corporate financial advisor with regards to the CAD $2.8 billion (£1.4 billion) management buyout proposed by CEO David Baazov. On 1 February Amaya governance confirmed that it had set up an independent committee to asses Baazov’s takeover proposal. The buyout proposal sees Baazov aim to …

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Betfair brings its Canadian operations to a halt

It has been reported that Betfair it is to withdraw its services from Canada with near immediate effect; all services will be concluded by January 14th. The gambling operator sent out an email during the Christmas period to its customers informing them that residents of Canada would no longer be allowed to place bets, and that gaming services would also be blocked. No …

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