Tag Archives: canada

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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Intertain Group governance fights back against Spruce Point mismanagement accusations

The governance of Toronto listed igaming operator Intertain Group (Intertain) has labelled New York hedge fund Spruce Point Capital Management as a “self identified short-seller of the company’s common shares”. Intertain governance further stated that its damning 120 page dossier published last week attacking the firm’s acquisitions, governance, corporate performance reporting and financial management were simply “self-serving and misleading”. The …

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37Entertainment takes GVC services claim to London ICC

Canadian marketing firm 37Entertainment (37E) is reported to have filed an arbitration claim with the International Chamber of Commerce (ICC) against London AIM listed operator GVC Holdings (GVC) for misrepresentation of business through the reneging of services on a partnership deal. The marketing firm is seeking a multi-million damages relating to a 50/50 partnership formed with GVC for igaming provisions …

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Amaya Inc – David Baazov confirms BetStars brand

David Baazov CEO of Amaya Inc has confirmed that subsidiary PokerStars will launch a sports betting product under the brand BetStars.com The confirmation by Baazov follows last weekend’s speculation that Amaya Inc were preparing to launch a sports betting focused product, having acquired multiple domain names connected to the brand term BetStars.com. Presenting Q3 2015 performance figures, Baazov detailed that …

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No Deal! Contagious Gaming & Sportech end buyout negotiations

Canadian gambling investment firm Contagious Gaming has confirmed that it will not make a bid to acquire UK betting pools technology provider Sportech Plc. Contagious Gaming issued a corporate statement alerting markets and the media of its decision to withdraw its interest in the Liverpool based operator. Sportech also issued an announcement declaring that it had not received a proposal …

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