Sports Betting
FansUnite completes sale of Betting Hero affiliate
Vancouver-based FansUnite Entertainment has completed the sale of its FansUnite US subsidiary and Betting Hero affiliate business for around $51 million.The deal, which was first announced in June, means Betting Hero will now be majority-owned by its co-founders, Jai Maw and Jeremy Jakary, who…
NorthStar Gaming eyes Western Canada growth after another record quarter
NorthStar Gaming enjoyed record results in Q2 2024 as it continues to grow at a faster pace than the Canadian market.The Toronto-based operator reported that net revenue soared 61% year over year last quarter to reach $7.5 million. Total wagers on its Northstar Bets platform rose 41% to an…
PENN expects ‘important’ Alberta to be a top market for theScore Bet
On PENN Entertainment's Q2 2024 earnings call CEO Jay Snowden said that he believes Alberta's upcoming regulated gaming market will be "a top three or four" market for the company's Canadian-centric theScore Bet brand.Snowden confirmed that theScore Bet will enter Alberta's regulated gaming…
Betway ‘ready and waiting’ for regulated Alberta market
Betway is already a visible brand in Alberta, and Super Group CEO Neal Menashe said this week that the company has keen eyes on how the pathway towards a regulated market in the province develops."In Canada, obviously, there is regulation coming in Alberta," Menashe said on Super Group's Q2…
Betsson buys Sporting Solutions to boost betting tech
Betsson Group has agreed a deal to acquire its long-term partner Sporting Solutions' trading, pricing and sports betting risk-management offerings from FDJ Group.The deal will see the operator acquire Sporting Solutions' price setting and risk-management activities but does not include the…
Bally Bet to launch sportsbook operations in Ontario in Q4 2024
Bally’s Corporation CEO Robeson Reeves said at the company’s Q2 2024 earnings call on Wednesday that he expects Bally Bet sportsbook to go live in Ontario in the near future."We've got a few other sports launches coming through the course of the year," Reeves told analysts in a Q&A. "...…
PointsBet reports strong surge in Canada, betting win more than doubles
PointsBet's Canadian business saw strong growth in fiscal year 2024, highlighted by its Canadian sports betting operations more than doubling its net win.Betting win in the Canadian market was up 124% to $13.7 million CAD for the full fiscal year. For Q2 (Q4 of FY24 in Australia), the jump was…
Reignmakers and NFT marketplace closing confirmed by DraftKings
DraftKings is officially ceasing operations of its NFT business.The Boston-based gaming giant confirmed to SBC Americas on Wednesday the shuttering of its NFT marketplace and Reignmakers, which launched in 2022 as a product allowing users to purchase and collect NFTs of a given athlete to…
Could Alberta iGaming progress open door in more provinces?
Nearly three years after Canada legalised single-event sports betting, Ontario’s is still the only regulated, open commercial sports betting market in the country. That’s unlikely to be the case for too much longer.It’s old news by this point that Alberta intends to launch its own online gaming…
iGaming Ontario’s Q2 2024 numbers show online casino towers over rest
The latest Ontario market report from iGaming Ontario shows that, while both online sports betting and iGaming continue to post healthy year-over-year growth, it is online casino gaming leading the way.Commercial online casino offerings yielded around three times more revenue than online sports…