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Playtech renews Ontario tackle NorthStar and advances financing.

Playtech has extended a strategic partnership between its Playtech Software Limited and the NorthStar Ontario subsidiary of NorthStar Gaming Holdings and agreed to advance CA$3.0m (£1.8m/€2.1m/US$2.2m) in short-term financing to the latter. Signed in June last year, the strategic marketing agreement aims to accelerate the NorthStar player acquisition strategy in Ontario. The initial agreement resulted

BetMGM income nears $2bn in 2023.

BetMGM, the joint venture between Entain and MGM Resorts, generated almost $2.00bn (£1.59bn/€1.86bn) in revenue in 2023, reaching the upper end of its guidance range. Revenue for the 12 months to 31 December 2023 amounted to $1.96bn. BetMGM forecast between $1.80bn and $2.00bn for the full year, with several developments helping to drive growth. In line with

Ontario igaming and player spending tick upwards in Q3.

Gaming revenue in Ontario grew 22% quarterly to CA$658m ($486.8m/£384.3m/€448.4m) in its third quarter ended 31 December 2023. The revenue encompasses all cash wagers, including rake fees and tournament fees gathered in the province, which was officially regulated in April 2022. Ontario is regulated by iGaming Ontario, a subsidiary of Alcohol and Gaming Commission of

Income rockets 135% at NorthStar Gaming in Q3.

Ontario-based sports betting and igaming operator NorthStar Gaming posted a 135.0% jump in gross gaming revenue to CA$4.7m (£2.7m/€3.1m/US$3.4m) during Q3, driven by an expanding customer base and diversified offering. NorthStar in particular hailed its “Insights” content-proprietary editorial features, which offer players advice and guidance on betting. In Q3, players who read this content had

PointsBet appoints Hilton to lead casino in Canada.

Gambling operator PointsBet has announced the appointment of Brooke Hilton as head of casino for its Canada business. Hilton joins PointsBet Canada from Ingenuity Gaming, where she had a short spell as its director of business development. Prior to this, Hilton worked for Bally’s Interactive as director of igaming product for North America. She was

Northstar Gaming losses proceed in Q2.

In a mixed Q2, Ontario-based sports betting and igaming operator Northstar Gaming reported continuing losses despite record revenue results. Northstar reported growth in revenue, handle and gross margin in Q2. This comes in the wake of the company’s reverse takeover of the business by Canadian property business Baden Resources. The business said this was driven

GeoComply acquires licensing compliance specialist OneComply.

Geolocation and risk solutions provider GeoComply has acquired compliance and licensing management company OneComply, its first acquisition. As part of the acquisition, GeoComply‘s customers will be able to use OneComply’s set of tools to complete the entire licensing process from start to finish, from initial applications for licences to continuous compliance management. OneComply offers a

Rivals raises CA$10m in unusual financing.

Esports betting operator and media business Rivalry announced it will be receiving CA$10m ($7.3m/ €6.6m/ £5.9m) in new strategic financing through the issuance of new stock. Rivalry will raise the financing by issuing up to 6,666,666 subordinate voting shares at a price of $1.50 per share.  The business said that online bookmaker Pinnacle, alongside a

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