Latest articles
NorthStar Gaming Now Publicly Traded as TSXV:BET Following Reverse Takeover
Investors will shortly be able to purchase shares in Ontario’s homegrown online gambling operator NorthStar Gaming. The company announced on Mar. 3 that it had completed the reverse takeover process it was undergoing to become a publicly-traded corporation. Technically speaking, the former NorthStar Gaming is now a subsidiary of another company, Baden Resources, which has now taken on […]
iGaming Ontario Faces Operator Ire Over Unexpected Banking Fees
Ontario online gambling operators are frustrated with iGaming Ontario (iGO) over unexpected fees. The provincial agency says it has received due diligence fees from its financial institution and will pass them on to the operators. According to Gaming News Canada, which broke the story, iGO informed operators on Feb. 21 to expect invoices for the […]
Flutter to Pay $4 Million to SEC for Alleged Due Diligence Failures by PokerStars in Russia
Flutter has agreed to pay a $4 million settlement to the Securities and Exchange Commission (SEC) for alleged due diligence failures relating to PokerStars‘ lobbying efforts in Russia. It’s the second time PokerStars’ gray market history has returned to haunt its new owner, following a much larger settlement with Kentucky in 2021. Flutter’s shares trade on the London Stock Exchange, so it isn’t […]
NorthStar Bets Casino, Sports Owner Closer to Going Public With Playtech Investment
NorthStar Gaming has received a CAD $12.25 million (USD $9.19 million) infusion of capital concurrent with its reverse takeover by Baden Resources. The money comes from online gambling supplier Playtech. The deal means that Ontarians will soon know if NorthStar Bets casino and sports betting products are hometown favorites. After the Feb. 28 reverse takeover, the […]
888 Holdings Internal Investigation Sparks Shareholder Panic, Leadership Change
888 Holdings is facing a crisis sparked by an internal investigation into suspected gray market compliance failures. The CEO, Itai Pazner, has stepped down. The company’s share values plummeted 29% in early trading on Jan 30. That morning, the company released a regulatory announcement stating it had suspended VIP accounts in the Middle East region. The internal […]
BetMGM Co-Owner Entain Leaving Unregulated Markets
European gambling giant Entain announced on Jan. 18 its plan to “accelerate” its exit from unregulated international markets. The decision won’t directly affect American gamblers, though Entain is the technology-supplying half of the BetMGM ownership team. However, Entain also serves dozens of gambling markets globally, as an operator and supplier. So the company’s announcement today […]
Claudio Fischer Aborts Strip Resort Plans, Blaming Economic Conditions
Chilean businessman Claudio Fischer has worn a lot of hats over the years. However, Las Vegas Strip magnate will not be among them, at least not immediately. Fischer is an important figure in the Latin American casino and hospitality space as the owner of the Sun Dreams chain. His professional history includes such diverse endeavors as owning a large-scale […]
Looking Closer: Ontario iGaming Threatened by ‘Notice of Application’
Ontario iGaming may be under threat. On Nov. 28, a Notice of Application was filed in the Ontario Superior Court of Justice by the Mohawk Council of Kahnawake against iGaming Ontario (iGO) and the Attorney General of Ontario. The application filed at a downtown Toronto courthouse could significantly impact the maturing iGaming market in Canada’s […]
UK Financial Institution Lloyds Bank Experiments With New Gambling Controls
In late November, the UK financial institution Lloyds Bank announced the trial of a new budgeting tool for gamblers. It will allow customers with debit cards to set personalized limits on their monthly gambling expenditures. This isn’t the first attempt by Lloyds to try to encourage safer gambling. In early 2020, it struck a partnership […]
Ontario Premier Accuses Auditor General of ‘Jurisdictional Creep’ After Casino Sting
Ontario casinos caught individuals attempting to launder money and set off an unexpected series of events last week. On Wednesday, Ontario Auditor General Bonnie Lysyk released her annual report that revealed she sent those individuals to the casinos in an undercover capacity. On Thursday, Premier Doug Ford characterized Lysyk’s actions as “jurisdictional creep.” He said she […]
