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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

Coolbet to shut shop in Ontario.

Gan-operated igaming and sports betting brand Coolbet has announced that, after a year of operation, it will be exiting the Ontario regulated market from 3 April. The Estonia-based business said that it plans to switch off all deposit options on the Coolbet accounts from 21 March. Coolbet encouraged users with low balances on their accounts

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