Gaming Innovation Group finalizes Sportnco deal

Summary: GIG has finalized its €51.4m acquisition of the sports betting platform specialist Sportnco. Why it matters: GIG has been searching for a well established sports betting technology specialist to complement its gaming-focused platform services.It announced its €51.4m acquisition of Sportnco in December, it has paid €27.9m in cash and the rest in shares.New Zealand […]

iGaming Ontario statement on online gambling launch

iGaming Ontario on the launch of regulated online gambling in the province “This is a monumental day that establishes Ontario as an international leader in online gaming. After years of anticipation culminating in historic legislation followed by months of hard work by all stakeholders, we have reached today’s launch of a legal internet gaming market […]

XL Media CEO steps down after delivering “substantive change”

Summary: Simms was responsible for redirecting XL Media’s focus onto US online sports betting. Why it matters: XL Media’s focus initially was on poor quality casino affiliate websites.Over the past 18 months it has acquired sports betting affiliates to focus on “high growth, regulated markets” such as the US.The group said Simms wanted to pursue […]

Paysafe live in Ontario with OLG, Pointsbet, more to come

Summary: The online payment provider’s head office is in Montreal, Québec and its brands include Skrill, Paysafecash and paysafecard. Why it matters: Ontario went live with online sports betting today. As a Canada-based company Paysafe will have wanted to be present in the province from day 1.The group’s brands are among the leading payment methods […]