Related News for Canada

NEKTAN IN DISTRIBUTION DEAL WITH HIGH 5 GAMES

29th March, 2017 at 15:16:22
Significant development for Nektan.

B2B gaming solution and services provider Nektan has entered into an agreement with High 5 Games (H5G) under which it will exclusively distribute the developer's real money gaming content in Europe and assume responsibility for the management of H5G's technology and games.

Full Story: Nektan In Distribution Deal With High 5 Games »

BAAZOV SELLS A THIRD OF HIS DOMINANT STAKE IN AMAYA ONLINE GAMBLING GROUP

08th March, 2017 at 11:38:44
Former CEO sells off 7 million shares worth a total of Cdn 133 million...and still has plenty more at home.

Embattled former CEO and dominant shareholder of Amaya Group, David Baazov, has sold almost a third of his shares in the company, disposing of 7 million shares for a total of Cdn$133 million or 4.8 percent of Amaya's equity...and he still holds 17.6 million shares or 12.1 percent of the Amaya equity.

Full Story: Baazov Sells A Third Of His Dominant Stake In Amaya Online Gambling Group »

GOOD FULL YEAR PERFORMANCE FROM CHURCHILL DOWNS ONLINE

01st March, 2017 at 14:29:38
But impacted by decline in social casino bookings.

Churchill Downs reported a strong full year 2016 performance primarily attributed to its overall social and online divisions despite a decline in social casino.

Full Story: Good Full Year Performance From Churchill Downs Online »

CANADIAN PROVINCE WRITES OFF DEBT INCURRED IN INFAMOUS ONLINE GAMBLING VENTURE (Update)

19th January, 2017 at 08:52:03
Cost to the taxpayer at least Cdn1.5 million, says Auditor General.

A report from the Auditor General of the Canadian province of Prince Edward Island has revealed that late last year the provincial government finally wrote off $1,125,131 as a bad debt flowing from its abortive and secretive attempt to partner with a local tribe in setting up an online gambling regulatory and licensing jurisdiction (see previous reports).

Full Story: Canadian Province Writes Off Debt Incurred In Infamous Online Gambling Venture (update) »

WILLIAM HILL OPERATING PROFITS DOWN GBP 30 MILLION IN LATEST FULL YEAR REPORT

09th January, 2017 at 08:59:45
Unfavourable football and horse racing results mar the balance sheet.

In a trading update Monday, online and land gambling group William Hill plc reported that its FY 2016 operating profit was down GBP 30 million year-on-year following unfavourable results in football and horse racing.

Full Story: William Hill Operating Profits Down Gbp 30 Million In Latest Full Year Report »

INTERTAIN BORROWS MORE TO FUND GAMESYS EARN-OUT OBLIGATIONS

20th December, 2016 at 14:14:36
Canadian online gambling group raises GBP 160 million in additional debt.

Online gambling group Intertain has substantially increased its debt burden after raising debt financing of GBP 160 million in order to help meet its earn-out payment obligations to Gamesys regarding the acquisition in April last year of Jackpot Joy and and Starspins.

Full Story: Intertain Borrows More To Fund Gamesys Earn-out Obligations »

THE CANADIAN E-GAMING SCANDAL THAT WILL NOT GO AWAY (Update)

01st December, 2016 at 08:14:45
Provincial government of Prince Edward Island could be facing renewed litigation.

The loss of a million dollars of taxpayer's money in an abortive attempt to set up a tribal online gambling licensing and regulatory regime in the Canadian province of Prince Edward Island (see previous reports) continues to linger after four years of finger-pointing and enquiries, and could be about to be resurrected again in fresh litigation.

Full Story: The Canadian E-gaming Scandal That Will Not Go Away (update) »

WERE FALSEHOODS FILED IN AMAYA OFFER?

23rd November, 2016 at 06:36:41
Dubai investment firm files SEC complaint.

Information filed with the Securities and Exchange Commission (SEC) in connection with David Baazov's $6.7 billion attempt to acquire online gambling group Amaya Inc has come under scrutiny following a complaint lodged with the SEC by a Dubai investment firm, KBC Aldini Capital Ltd., alleging that its name was used fraudulently.

Full Story: Were Falsehoods Filed In Amaya Offer? »

PORT EDWARD ISLAND A.G. RECOMMENDATIONS IMPLEMENTED (Update)

15th November, 2016 at 08:12:19
But will anyone actually be penalised for loss of Cdn$ 1.5 million in taxpayer money?

The dust over Canadian province Port Edward Island's abortive Cdn$ 1.5 million attempt to establish a First Nation online gambling regulatory jurisdiction (see previous reports) finally seems to be settling, although it is still not clear whether any of the politicians involved will be censored.

Full Story: Port Edward Island A.g. Recommendations Implemented (update) »

ONLINE GAMBLING SHINES IN QUEBEC'S GAMBLING MONOPOLY HALF-YEAR

12th November, 2016 at 09:12:15
Results include a 25 percent rise in online revenue.

The Canadian province of Quebec has become notorious for its protectionist legislative moves to shield its cosy online gambling monopoly Espacejeux.com from competition, and parent group Loto Quebec's half-yearly performance numbers explain why; among the financial results was a 25 percent rise in revenues from the online gambling operation.

Full Story: Online Gambling Shines In Quebec's Gambling Monopoly Half-year »

CANADIAN LAND CASINO WARNS PUNTERS THAT IT WAS HACKED

11th November, 2016 at 08:06:34
Players warned to change passwords and check bank accounts following hack of Ontario's Casino Rama.

The Ontario terrestrial casino brand Casino Rama Resort had the embarrassment of contacting its players this week after becoming aware on November 4 of a major hack that could impact customers, vendors and current and former staff.

Full Story: Canadian Land Casino Warns Punters That It Was Hacked »

QUEBEC INTERNET BAN ON ONLINE GAMBLING ATTACKED

10th November, 2016 at 13:14:37
350 delegates to the 2016 ISP Summit in Toronto hear opinions on Quebec's notorious Bill 74.

Quebec's notorious legislative attempt to force internet service providers to ban online gambling sites on the pretext of health issues (but in reality to protect its own online gambling monopoly) was under the microscope again this week at the 2016 ISP Summit in Toronto.

Full Story: Quebec Internet Ban On Online Gambling Attacked »

NETENT REVENUES AND PROFITS UP IN THIRD QUARTER

21st October, 2016 at 11:06:18
New products and new markets continue to propel online gambling software and games provider forward.

The Swedish online gambling software and games provider NetEnt has issued its quarterly and January to September interim reports, again showcasing positive numbers thanks to new products, new markets and new licensees.

Full Story: Netent Revenues And Profits Up In Third Quarter »

WILLIAM HILL STATEMENT ON AMAYA TALKS (Update)

18th October, 2016 at 20:13:40
Company confirms it ended talks after it canvassed views of major shareholders.

William Hill has followed Amaya Inc's lead, distributing a press release in response to the failure of merger talks with the Canadian firm (see previous reports).

Full Story: William Hill Statement On Amaya Talks (update) »

MORE EVIDENCE OF A CANADIAN EXIT BY NETENT

08th October, 2016 at 08:01:33
Online gambling technology and games provider has yet to make public its position on Canada.

Whilst the Swedish online gambling technology and games provider NetEnt has yet to publically clarify its stance on Canadian operators using its products, the company continues to privately urge operators not to offer its games in the Canadian market.

Full Story: More Evidence Of A Canadian Exit By Netent »



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