Month: September 2023

Ontario Operators Seek Clarity on iGaming Ads Changes

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Ontario Operators Seek Clarity on iGaming Ads Changes

Not long earlier, the Alcohol and Gaming Commission of Ontario made some substantial modifications to its iGaming marketing and advertising requirements. The online betting guard dog prohibited using active and retired professional athletes in advertisements. Operators online in the province’s sector have actually just recently called for information of the brand-new [ …]

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The online betting guard dog prohibited the usage of active and retired professional athletes in advertisements. In April 2022, Ontario ended up being the very first Canadian area to privatize its online gaming market, which saw the licensing and launch of various third-party operators in the sector. Ms. Brewer stated that from a stability viewpoint, the modifications to advertisements make sense, however she thinks that it does not address of the volume of advertisements., who finished Ontario’s sole domestic treatment program for issue betting. The online gaming guard dog prohibited the usage of active and retired professional athletes in advertisements.

CFL Commissioner Calls for Online Sports Betting Market in Quebec

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CFL Commissioner Calls for Online Sports Betting Market in Quebec

Canadian Football League’s commission is prompting Quebec legislators to check out a competitive market for online sports wagering websites. Randy Ambrosie thinks that a sector comparable to Ontario’s would develop a ‘equal opportunity’ and secure the province’s special culture. Presently, the just managed online sports betting is offered by […]

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Randy Ambrosie thinks that a sector comparable to Ontario’s would produce a ‘level playing field’ and secure the province’s distinct culture. Last week, the CFL along with other significant leagues, consisting of Major League Soccer and the National Basketball Association as soon as again prompted to province to present its own personal market for online sports wagering. In his words, this would allow a ‘level playing field’ throughout the North American market. Quebec is the 2nd biggest province in terms of population in the nation and it would be on par with some of the U.S. biggest markets if presented a controlled iGaming sector for personal operators. Randy Ambrosie thinks that a sector comparable to Ontario’s would develop a ‘level playing field’ and secure the province’s special culture.

Montreal Public Health Disapproves Loto-Québec’s Mini-Casino Plans

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Montreal Public Health Disapproves Loto-Québec's Mini-Casino Plans

Montreal public health is not in authorization with Loto-Québec strategies of releasing a mini-casino with over 300 video lotto terminals at Taverne 1909 beside the Bell Centre. Instructions régionale de santé publique de Montréal provided a 40-page report on the job detailing the prospective damages connected to the opening […]

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The report concludes that the brand-new video gaming hall in downtown Montreal will result in a considerable modification in the supply of video gaming devices and does not advise it. A representative for Loto-Québec, Renaud Dugas, shared that the corporation was amazed that Montreal Public Health decided to send its report to reporters rather to the primary celebration worried, the Crown firm. Director for the company, Mylene Drouin exposed the provincial federal government requested for the report to be assembled and that it was sent 6 weeks back. Ms. Drouin declared that associating the video gaming hall with the Montreal Canadiens will allow issues for public health. The job is likewise opposed by a number of Montreal neighborhoods.

Lady Sentenced in Million-Dollar Fraud Case

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Lady Sentenced in Million-Dollar Fraud Case

This week, a Quebec court ruled that the 45-year-old Yuan Wang has actually been served a suspended sentence and probation for 3 years over charges of a variety of gambling-related frauds. She was apparently associated with a series of plans at numerous betting halls in Ontario and Quebec in the summertime […]

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Back in 2018, the Niagara Investigations Unit of the Ontario Provincial Police Investigations and Enforcement Bureau, connected to the Alcohol and Gaming Commission of Ontario, performed a query after it was found that a number of scams and tried scams took place in Ontario and Quebec video gaming residential or commercial properties. She then continued to withdraw the funds from the gambling establishment. Judge Rosemarie Millar commented Ms. Wang’s sentence must be comparable to the sentence offered to comparable culprits. Defence attorney Leonardo Rossomano mentioned his customer had actually lost nearly CA$ 3 million in betting over 5 years and her dependency mainly impacted her life. In May 2023, a report found that over CA$ 372 million in suspicious deals had actually been made throughout Ontario video gaming homes in 2022.

Loto-Québec and CSN Union Still Can’t Find Agreement

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Loto-Québec and CSN Union Still Can't Find Agreement

Casino staff members dissatisfied with their working conditions continue their strikes, as on Thursday, September 7, 2023, they objected in Montreal. Represented by the CSN union, personnel declare the settlements in between the union and the company, Loto-Québec, have actually stalled. Employees demand much better working conditions due to the increasing expense of […]

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Represented by the CSN union, personnel declare the settlements in between the union and the company, Loto-Québec, have actually stalled. Unionized workers from numerous gambling establishments in the province initially went out on a five-day strike throughout the Formula 1 Canadian Grand Prix in Montreal in June. Picket lines continued on Thursday as employees declare that settlements in between the Crown and the union have actually struck an obstruction. The company observed that at the start the union required more than double what was offered to all of the Crown company’s other staff members in 2022. Represented by the CSN union, personnel declare the settlements in between the union and the company, Loto-Québec, have actually stalled.

Albertan Player Scores CA$ 50M in Lotto Max Draw

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Albertan Player Scores CA$ 50M in Lotto Max Draw

Canada’s extensively popular offering Lotto Max has actually just recently granted another lotto gamer with another significant windfall. According to the Western Canada Lottery Corporation this time the winner lives in Edmonton, Alberta. Their identity stays unidentified at the time, however they are qualified for an enormous CA$ 50-million prize from the video game. […]

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Lotto Max is an across the country video game with 2 draws taking location every week. The offering is rather popular amongst lotto lovers due to its significant payments, such as its primary reward which can reach the whooping CA$ 70,000,000. He won a life-altering CA$ 70,000,000 in 2022. According to the Western Canada Lottery Corporation this time the winner lives in Edmonton, Alberta. Their identity stays unidentified at the time, however they are qualified for a huge CA$ 50-million prize from the video game.

Competition Recaps Financial Highlights from Q2 2023 825670622 173 Following its current launch of same-game parlays on eSports, leading sports wagering and media business, Rivalry, has actually released its monetary highlights for the 2nd quarter of 2023. In its report, the Ontario company divulged a wagering deal with of CA$ 112.2 million, an excellent 192% enhancement over Q2 of 2022. It likewise offered profits assistance for the very first half of next year. Rivalry Corp. runs Rivalry Limited, a leading worldwide sports wagering and media company. It offers managed online banking on eSports, sports, and gambling establishment video games. Based in Toronto, it runs throughout over 20 nations, holding licenses from Isle of Man, Australia, and Ontario. A few of its most popular items include its Quest, Rushlane, and Casino.exe. Financial Highlights from Q2 With its monetary report, Rivalry exposed that the wagering manage for Q2 of 2023 reached CA$ 112.2 million, which was a notable 192% boost or CA$ 73.8 million from CA$ 38.4 million in 2Q22. In Q2 2023, the business likewise lowered marketing invest by 6% in contrast to the exact same duration in 2022. Its online gambling establishment section added to CA$ 57.5 million from the overall manage. The operator divulged that in Q2, profits struck CA$ 8.5 million, which was an all-time high for the 2nd quarter. Amounting to a boost of CA$ 3.2 million or 60% from CA$ 5.3 million over Q2 last year. Gross earnings represented CA$ 3.8 million from the previous CA$ 1.8 million, on the other hand, bottom line struck CA$ 6.3 million from the preceding CA$ 6.2 million. The sports wagering and media business likewise notified that its functional costs were practically very little in Q2 while providing triple digits in year-over-year development in betting deal with every quarter. If the operating take advantage of pattern continues in couple with collective efforts to significantly support margin at scale, the company will have the ability to offer H1/24 success assistance. Another essential emphasize from Q2 of 2023 was the main launching of its market-leading mobile eSports wagering app in the Province of Ontario. This was possible after the company was certified by the Alcohol and Gaming Commission of Ontario to join its regulated iGaming sector. Finally, the business reported CA$ 14 countless money and no financial obligation at the end of Q2. Corporation to Launch Same-Game Parlay on eSports Recently, Rivalry made another substantial statement, as the popular eSport company ended up being the very first one to introduce an eSports same-game parlay item. The brand-new vertical will enable its gamers to combine bets in a single digital sports match for a much better payment. Top quality Same Game Combos, the item is offered in League of Legends, Counter-Strike, and Dota 2 matches. Very same Game Combos will likewise feature custom-made branding and animations to boost home entertainment levels on the iGaming platform and develop an exclusive sports wagering experience developed for the next generation of wagerers. It includes brand-new special visuals and interactive components gotten used to interest Millennial and Gen Z audiences and their choices. Source: “Rivalry Reports 192% Growth in Handle and 60% Growth in Revenue for Q2 2023, Projects Profitability in H1 2024” Rivalry, August 29, 2023 The post Rivalry Recaps Financial Highlights from Q2 2023 appeared initially on Casino Reports – Canada Casino News.

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Competition Recaps Financial Highlights from Q2 2023 825670622 173 Following its current launch of same-game parlays on eSports, leading sports wagering and media business, Rivalry, has actually released its monetary highlights for the 2nd quarter of 2023. In its report, the Ontario company divulged a wagering deal with of CA$ 112.2 million, an excellent 192% enhancement over Q2 of 2022. It likewise offered profits assistance for the very first half of next year.

 Rivalry Corp. runs Rivalry Limited, a leading worldwide sports wagering and media company. It offers managed online banking on eSports, sports, and gambling establishment video games. Based in Toronto, it runs throughout over 20 nations, holding licenses from Isle of Man, Australia, and Ontario.
A few of its most popular items include its Quest, Rushlane, and Casino.exe. Financial Highlights from Q2
With its monetary report, Rivalry exposed that the wagering manage for Q2 of 2023 reached CA$ 112.2 million, which was a notable 192% boost or CA$ 73.8 million from CA$ 38.4 million in 2Q22. In Q2 2023, the business likewise lowered marketing invest by 6% in contrast to the exact same duration in 2022. Its online gambling establishment section added to CA$ 57.5 million from the overall manage.
The operator divulged that in Q2, profits struck CA$ 8.5 million, which was an all-time high for the 2nd quarter. Amounting to a boost of CA$ 3.2 million or 60% from CA$ 5.3 million over Q2 last year. Gross earnings represented CA$ 3.8 million from the previous CA$ 1.8 million, on the other hand, bottom line struck CA$ 6.3 million from the preceding CA$ 6.2 million.
The sports wagering and media business likewise notified that its functional costs were practically very little in Q2 while providing triple digits in year-over-year development in betting deal with every quarter. If the operating take advantage of pattern continues in couple with collective efforts to significantly support margin at scale, the company will have the ability to offer H1/24 success assistance.
Another essential emphasize from Q2 of 2023 was the main launching of its market-leading mobile eSports wagering app in the Province of Ontario. This was possible after the company was certified by the Alcohol and Gaming Commission of Ontario to join its regulated iGaming sector. Finally, the business reported CA$ 14 countless money and no financial obligation at the end of Q2.
 Corporation to Launch Same-Game Parlay on eSports
 Recently, Rivalry made another substantial statement, as the popular eSport company ended up being the very first one to introduce an eSports same-game parlay item. The brand-new vertical will enable its gamers to combine bets in a single digital sports match for a much better payment. Top quality Same Game Combos, the item is offered in League of Legends, Counter-Strike, and Dota 2 matches.
Very same Game Combos will likewise feature custom-made branding and animations to boost home entertainment levels on the iGaming platform and develop an exclusive sports wagering experience developed for the next generation of wagerers. It includes brand-new special visuals and interactive components gotten used to interest Millennial and Gen Z audiences and their choices.
Source: "Rivalry Reports 192% Growth in Handle and 60% Growth in Revenue for Q2 2023, Projects Profitability in H1 2024" Rivalry, August 29, 2023
The post Rivalry Recaps Financial Highlights from Q2 2023 appeared initially on Casino Reports - Canada Casino News.

Following its recent launch of same-game parlays on eSports, leading sports betting and media company, Rivalry, has issued its financial highlights for the second quarter of 2023. In its report, the Ontario firm disclosed a betting handle of CA$112.2 million, an impressive 192% improvement over Q2 of 2022. It also […]

The post Rivalry Recaps Financial Highlights from Q2 2023 appeared first on Casino Reports – Canada Casino News.