Government to Review £50m Charity Lottery Annual Sales Cap

Government to Review £50m Charity Lottery Annual Sales Cap


A third-sector push to see the charity lottery limits in the UK removed may bear fruit after the government agreed to consider a review of the limit.

No Cost to Treasury or Taxpayer

An open letter signed by 103 charity leaders at third-sector organizations swayed the government’s view and the minister for Digital, Culture, Media and Sport (DCMS), Paul Scully, agreed to meet with charity lottery operations to discuss changes to the cap on annual lottery fundraising.

Leaders at British Red Cross, Barnardo’s, The Royal Voluntary Service, Maggie’s, Cats Protection, WWF, The Wildlife Trusts, Lord’s Taverners, Breast Cancer Now, Magic Breakfast and Crisis, share the opinion that the £50 million ($60.4 million) annual cap on fundraising imposed on charity lotteries is “excessive red tape.”

The letter sent to culture secretary Michelle Donelan argued that charity lottery fundraising is the only type of fundraising, including any other gambling product, to have an annual cap and that the removal of the limit would bear no cost to the Treasury or the taxpayer but would strongly benefit charities and the communities supported by them around the country.

The letter also noted that, while charity lotteries have raised £2.7 billion ($3.3 billion) over the past decade, the cap on their fundraising has been “blunting” their ability to deliver the greatest impact, and while charity lottery reform has been delayed due to concerns of the possible impact on the fundraising of the National Lottery, evidence suggests otherwise.

Complementing the National Lottery

Third-sector organization leaders outlined that considerable scrutiny of these concerns by regulators, the DCMS and the Parliament’s DCMS Select Committee consistently showed that charity lotteries are not in competition with the National Lottery but rather complement its fundraising.

“Gambling Commission statistics also consistently back up this finding,” the leaders claimed in the letter while presenting their case that the annual cap should be removed.

The current annual sales limit on charity lotteries was imposed in July 2020 when new legislation came into effect to increase the limit from £10 million, alongside an increase of the sales per draw limit from £4 million ($4.9 million) to £5 million ($6.1 million), and the maximum draw prize limit from £400,000 ($483,000) to £500,000 ($603,000).

Twelve months after limit changes had been implemented, the DCMS conducted a review of the new sales limits and concluded that the increase of the limits produced the desired effect, allowing society lotteries to grow and return more to good causes without impeding on the unique position of the National Lottery.



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WagerWire: Bettors Would Prefer Sportsbooks with Secondary Markets

WagerWire: Bettors Would Prefer Sportsbooks with Secondary Markets


WagerWire, an innovative marketplace where bettors can buy and sell previously placed sports bets, has researched how bettors feel about secondary marketplaces in wagering. It turns out many people favor the idea.

People Favor Secondary Markets

According to the results of the survey, which was conducted by Leger, a secondary marketplace for bets would make people more daring and confident with their wagers. Many people confirmed they would be inclined to bet more and more frequently if the sportsbook they play with offered such a service.

A total of 90% of bettors said that they would play with a sportsbook that offers a secondary betting marketplace. Almost half of the non-bettors questioned by the survey said that such an idea may inspire them to play as well.

In addition, a whopping 92% of grey market bettors said that they would play with a licensed sportsbook if it offers a secondary marketplace. The same number of people aged 18-34 said that they would be likely to play with such an operator.

72% of all US bettors questioned by Leger said that the secondary market is an appealing product. It is also something that may appeal to younger bettors and improve traffic from the next generation of punters.

Many Say They Would Bet More and More Often

The research’s major findings show that 76% of bettors would be more likely to place more bets and the same number would be also more likely to spend more time on the sportsbook managing their wagers.

Overall, 73% of bettors would be more inclined to place riskier bets with a sportsbook that has a secondary marketplace and 72% would be more likely to place larger bets.

Interestingly, 72% of bettors say they would place bets with the intention of selling them before they are settled.

According to the research, a secondary marketplace would inspire bettors to increase their betting volume. 84% of respondents told Leger they’d increase their parlays and the same number of punters would increase their straight bets. At the same time, 80% would increase their future bets and 78% would increase their prop bets.

Secondary Markets Are a Natural Evolution for Sports Betting

WagerWire’s chief executive officer, Zach Doctor, commented on the results. He called the US sports betting industry an intensive “arms race” where companies are always striving to gain an edge over their competitors.

Doctor noted that the current survey proves there would be a high interest in secondary markets, just as WagerWire expected. He noted that operators can tap into this concept by using his company’s products.

“It is now clear in the data that a thriving marketplace for active sports bets makes for a more robust and efficient ecosystem, and unlocks value for both the users and sportsbooks.

Doctor added that the idea of a secondary marketplace represents the natural evolution of the sports betting industry. He pointed out that such markets exist in almost every vertical because they provide customers with optionality and access to competitive and transparent prices. His company aims to bring this very same concept to sports betting.

The WagerWire mobile app is expected to soft-launch in the next few months, allowing players to gain a first-hand understanding of the benefits of a secondary market.



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Low Variance or High Variance Video Poker – Which is Your Style?

Low Variance or High Variance Video Poker – Which is Your Style?


This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.

A.C. says: You’ve probably heard the term variance in discussions and analyses of gambling games. This article will help you better understand what it means. Variance is an assessment of risk. In video poker, the risk of suffering a big loss is greater when variance is high. Correspondingly, high-variance schedules enhance the chances of getting a big win. Many players gravitate toward the higher-variance games because of that big-win factor, but those games often have lower overall return percentages. For example, a typical bar selection might include high variance 7/5 Double Double Bonus returning 96.71% and lower-variance 6/5 Bonus Poker returning 96.87%. It’s not a big discrepancy, but Bonus Poker is still the better game, yet it tends to get less play.

Low Variance or High Variance Video Poker – Which is Your Style?

This article was written by Jerry Stich in association with 888Casino.

As most video poker players know, not all video poker is alike. There are different games, different pay tables for each game, games with few jackpot-sized winners and those with many jackpot-sized winning hands.

Each of these variations in the game affect that specific game’s variance – a measure of the size of swings, both up and down, in the player’s bankroll.

This article explores the differences between high variance and low variance games.

Click to continue reading …

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PN Podcast: 2023 WSOP Schedule + Hear from Bonomo, Boston Rob & David Costabile at PSPC!

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Guests:

Michel Dattani Justin Bonomo Rob Mariano David Costabile

On the latest PokerNews Podcast episode of 2023, Chad Holloway and Connor Richards come to you straight from the 2023 PokerStars Players No-Limit Hold’em Championship (PSPC) in the Bahamas. First, they discuss the full schedule reveal of the 2023 World Series of Poker (WSOP) schedule, and then dive headfirst into all things PSPC and PokerStars Caribbean Adventure.

That includes interviews with PCA champ Michel Dattani, Survivor all-star “Boston” Rob Mariano, Billions and Breaking Bad actor David Costabile, and Justin Bonomo, who had a big win to extend his lead atop poker’s all-time money list.

They also chat about Nick Schulman replacing Gabe Kaplan on High Stakes Poker, the new Galfond Challenge between Phil Galfond and Dan “Jungleman” Cates, Perry Green‘s first tournament win in 35 years, and remember Julian Track and Jeff Fogel, who both, unfortunately, passed away.

Listen to those stories and more on the latest episode of the PokerNews Podcast!

Time Stamps

Tell us who you want to hear from. Let us know what you think of the show — tweet about the podcast using #PNPod, and be sure to follow Chad Holloway, Jesse Fullen, and Connor Richards on Twitter.

Subscribe to the PokerNews Podcast on Apple Podcasts here!

Check Out Past Episodes of the PN Podcast Here!

Name Surname
Chad Holloway

Executive Editor U.S.

Executive Editor US, PokerNews Podcast co-host & 2013 WSOP Bracelet Winner.

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Sumsub Advises Bookmakers on Averting Fraud

Sumsub Advises Bookmakers on Averting Fraud


As society becomes more intertwined with the Internet, concerns about cybercrime grow stronger. The sports betting industry handles huge volumes of data on a daily basis and some fear it might be a prime target of cybercriminals. Sumsub, a universal verification platform, is aware of the danger.

Operators Should Be Wary When High-Traffic Events Approach

Sumsub published an article about the dangers of cybercrime ahead of the Big Game, which might be targeted by cybercriminals. As a major event, it would attract many bettors, thus increasing data volumes and threats alike. With many operators concerned about the event, Sumsub published some tips on what to expect and how to avoid danger.

Sports betting is becoming more popular in the United States by the year. Sumsub believes that around 83% of sportsbooks would experience a traffic increase during the last game of the football season.

The increase in volume will inevitably attract more cybercriminals and scammers, which is why operators should remain vigilant, Andrew Sever, CEO of Sumsub, warned. He noted that manual verification is not an optimal solution as it increases onboarding times. According to Sever, sportsbooks would do best to find a trusted verification provider.

Sumsub warned against the temptation of cutting corners to avoid long verification times as this way operators would risk fines for AML failures.

There Are Many Dangers

Sadly, fraud seems to be on the rise in the gaming sector, Sumsub noted. In Q1 2022, fraud increased by more than 50% year-on-year while fake account registrations skyrocketed by 85% quarter-on-quarter. The Big Game will likely attract more wrongdoers, which is why Sumsub advised companies to be wary of arbitrage betting, people with multiple accounts, identity thefts, account takeovers, money laundering, affiliate fraud and cybersecurity issues.

Sever said:

Big sporting events and hacking go hand in hand and the bigger the event, the more threats there are. Attackers can be individual hacker groups looking to make a quick buck or politically oriented groups wanting to steal sensitive information.

Andrew Sever, CEO, Sumsub

Not doing enough to prevent cyberattacks would endanger the safety of sports fans, athletes and organizers. Because of that, Sumsub believes that sportsbooks should create an automated verification flow that allows users to easily onboard and go through extra checks only when it really matters.

Sumsub’s Advice

Sumsub advised operators to follow these simple advice:

First of all, sportsbooks should request a minimum number of checks at the time of registration. Complicated registration processes might discourage customers from playing. When dealing with low-risk players bookmakers should use simplified checks, Sumsub believes.

When players make their first deposit, additional checks should be added. This can prevent people from making fake accounts or multiple accounts. During the onboarding stage, operators can also include biometric verification and facial recognition. These are even more important to introduce when players withdraw money.

Sever concluded that the aforementioned checks should help sportsbooks optimize verification time while still ensuring a high degree of security. He also promoted Sumsub’s automated solutions, which further reduce onboarding time and are proven to increase risk-free performance.



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Penn Entertainment Q4 Revenue Remains Stable despite Negative Factors

Penn Entertainment Q4 Revenue Remains Stable despite Negative Factors


The company’s revenue for the quarter reached $1.59 billion, a modest 0.8% year-on-year increase. However, several notable metrics, like earnings per share, fell short of Wall Street’s estimates, while rising interest rates negatively impacted expenses. Despite the stagnating results, Penn Entertainment’s management remained optimistic for 2023, relying on its expansion efforts and strong momentum.

Management Remained Confident despite Mixed Metrics

Penn Entertainment’s overall results can be summed up as stable but unimpressive. The quarter’s $20.8 million net income was significantly lower than 2021’s $44.8 million for the same period. Adjusted EBITDA, on the other hand, scored substantially better, rising by 19% year-over-year to $438.3 million. Profits of 13 cents per share fell short of Wall Street’s forecasted $0.33 per share for an overall mixed result.

While the $1.59 billion in revenue is in line with projections, the Federal Reserve’s aggressive interest rate hikes added $60 million to Penn Entertainment’s quarterly interest expense, offsetting much of the company’s profits. The stagnation sharply contrasts Q3’s 8% revenue growth, but company officials insisted that matters were still well in hand.

2022 was a solid year for Penn despite ongoing macroeconomic headwinds.

Jay Snowden, Penn Entertainment CEO, and President

According to CEO Snowden, the company’s overall strategy remained sound and would lead to future dividends thanks to database growth and improved customer engagement. Penn’s interactive segment performed surprisingly well, recording a $5.2 million profit despite unfavorable factors. Such solid results can be just the bump in momentum the company needs heading into 2023.

The Company Has Gathered Significant Momentum

The quarter’s mixed results did not douse Penn’s optimism for the coming year. The operator had successful launches in several new markets, which are already paying dividends. According to Snowden, the company’s successes in Kansas and Maryland laid the groundwork for its stellar entry into Ohio.

Our deep customer database, retail footprint, and powerful Barstool Sports marketing engine contributed to a record number of first-time depositors at launch.

Jay Snowden, Penn Entertainment CEO, and President

The newly opened Ohio market is quickly proving to be a goldmine for operators, surpassing established markets like New York. As the initial rush to market settles down, Penn should be in a perfect position to leverage its Barstool brand and cement its substantial market share in the state. The company’s full-year revenue for 2022 should fall between $6.15 billion to $6.58 billion, providing a powerful launching-off point for future growth.



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2023 PSPC Hands of the Week: Will this Misclick Cost One Player Millions of Dollars?

2023 PSPC Hands of the Week: Will this Misclick Cost One Player Millions of Dollars?



PokerStars wrapping the 2023 PokerStars Caribbean Adventure (PCA) with the conclusion of the second ever PokerStars Players No-Limit Hold’em Championship (PSPC). That $25,000 buy-in tournament attracted 1,014 entries and will award the winner a $4,053,200 top prize.

The PokerNews Live Reporting Team has been on-site to offer live updates from a slew of PCA tournaments. Here’s a look at five of the more interesting hands captured in our live updates from the PSPC.

Click here to download the My Stack app for iPhone, or click here to download the My Stack app for Android.

Barbero Makes an Ill-Timed Misclick

Jose Nacho Barbero
Jose Nacho Barbero

At the final table in Level 31 (125,000/250,000/250,000), Aliaksandr Shylko opened to 500,000 from under the gun with {j-Spades}{j-Diamonds} and Nacho Barbero was busy talking to the rail and didn’t notice the raise. Barbero raised to 5,125,000 in the small blind with {9-Diamonds}{3-Diamonds}, thinking he was just putting Max Menzel to the test in the big blind.

Menzel folded and Shylko jammed all in for around 12,000,000 which got a quick fold from the dumbfounded Barbero as the chip lead exchanged hands. Whether or not that hand will ultimate cost Barbero, who began the final table as chip leader, remains to be seen as the tournament is still in progress as of this publication.

Follow live updates from the 2023 PSPC here to see how Barbero does!

“Why Did You Fold?” “‘Cuz The Rest of the Table is So Bad”

Shaun Deeb
Shaun Deeb

On Day 1 in Level 6 (400/800/800), Shaun Deeb was out of position in a heads-up pot against Xuan Liu on a board of {8-Spades}{10-Clubs}{j-Clubs}{4-Clubs}.

Deeb checked on the turn and Liu bet 7,000. Deeb called. Deeb checked again on the {8-Diamonds} river and Liu announced “all in” with Deeb covered, sending the American into a deep tank that extended several minutes. Eventually, Deeb folded to maintain his tournament life.

“Good fold,” commented table mate Eric Worre.

“I don’t think it was,” replied Deeb.

“Then why did you fold?” questioned Liu.

“‘Cuz the rest of the table is so bad,” replied Deeb as he was met with a big laugh from Worre, though no one else at the table seemed to think it was funny.

“Tell us how you really feel,” said Liu.

Rocco and Addamo Clash

Michael Rocco
Michael Rocco

In Level 10 (1,000/2,000/2,000) on Day 2, Michael Addamo raised to 4,500 from the hijack and was called by Michael Rocco in the big blind.

The flop came {8-Spades}{8-Diamonds}{7-Clubs} and Addamo continued for 2,000. Rocco put in a check-raise to 13,500. Addamo called.

The {j-Clubs} was the turn and Rocco checked. Addamo paused before betting 27,000. Rocco paused before calling.

The river was the {k-Clubs} and Rocco checked. Addamo went into the tank before betting 70,000. Action was on Rocco who moved all in for 123,000. Addamo went into the tank for several minutes before making the call. Rocco showed {8-Clubs}{7-Diamonds} for full house to secure the double up as Addamo showed {10-Spades}{9-Hearts} for a straight.

Addamo stood still in his chair as the remaining players went on break.

Volkmann’s Bluff Hunted Down

Bruno Volkmann
Bruno Volkmann

On Day 3 in Level 20 (10,000/20,000/20,000), Bruno Volkmann opened to 40,000 from under the gun and Matthew Hunt defended out of the big blind.

Hunt checked on the flop of {8-Hearts}{9-Spades}{8-Spades} and Volkmann continued for 20,000. Hunt called. Hunt check-called again on the {7-Clubs} turn when Volkmann bet 50,000.

Hunt checked a third time on the {a-Hearts} river and the Brazilian took about a minute before putting out an overbet of 460,000. Hunt took some time and called. Volkmann showed just an underpair with {5-Hearts}{5-Spades} and Hunt tabled {a-Diamonds}{q-Clubs} to win the big pot.

Death By Quads for Gong

Jiachen Gong
Jiachen Gong

In Level 23 (20,000/40,000/40,000) on Day 4, Philipe Pizzari opened to 80,000 from under the gun before Jiachen Gong jammed for around 400,000 from the big blind. Pizzari called.

Jiachen Gong: {a-Spades}{j-Hearts}
Philipe Pizzari: {a-Hearts}{9-Clubs}

“You like ace-nine,” said Gong as the cards were tabled.

Gong was in great shape for a double up but was immediately drawing thin after Pizzari made trips on the {9-Hearts}{9-Spades}{2-Spades} flop.

The {9-Diamonds} turn gave Pizzari quads and the checkmark for the pot.

“I see why you like it,” commented Gong as the dealer finished the board off with the {k-Clubs}.

The Birth of Tragedy: Nitsche Bluffs Into Full House

Dominik Nitsche
Dominik Nitsche

Also on Day 4, albeit in Level 24 (25,000/50,000/50,000), Thomas Eychenne was in the big blind in a heads-up pot against Dominik Nitsche and got to the river on a board of {q-Hearts}{5-Clubs}{a-Diamonds}{5-Hearts}{k-Clubs}.

The full action is unclear, but somehow all of Nitsche’s chips ended up in the middle on the river as he moved all in with Eychenne covered. Eychenne quickly called with the effective stack of 1,815,000.

Eychenne showed {k-Spades}{5-Diamonds} for a full house before Nitsche sheepishly turned over {9-Hearts}{7-Hearts} for an epic nine-high bluff. The German was left with crumbs as the Frenchman shot to the top of the counts.

Click here to see who cashed the 2023 PSPC!

Name Surname
Chad Holloway

Executive Editor U.S.

Executive Editor US, PokerNews Podcast co-host & 2013 WSOP Bracelet Winner.





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Kaizen Gaming Inks New Partnership with Greco

Twenty-Nine Palms Casinos to Benefit from Light & Wonder Technology


The terms of the new deal, announced Friday, see Kaizen Gaming tap into Greco’s leading gameplay risk engine platform. Per the new collaboration, Kaizen Gaming will leverage the cutting-edge solution to boost its player management. At the same time, the company will benefit from boosting the trust in its online operations and ensuring unique gaming experiences for its customers.

Leveraging behavioral risk analysis and theoretical value modeling, Greco provides its partner operators with data that estimates player risk. This delivers efficiencies for gambling companies as they can make informed decisions, especially when making strategic changes. Ultimately, Greco’s risk management platform helps operators deliver better customer experience while at the same time benefitting from efficient operations.

We are proud to have Kaizen Gaming on board as our latest partner.

Ozric Vondervelden, co-founder and CEO of Greco

Ozric Vondervelden, Greco’s co-founder and CEO, said that the company is excited to join forces with Kaizen Gaming. He explained that the two companies share the same values by focusing on people and technology. Finally, Vondervelden predicted that the collaboration will benefit both Greco and Kaizen Gaming.

We are thrilled to be partnering with Greco, a company that shares our commitment to continually improving the player experience.

Michail Koutsoukos, director of CRM at Kaizen Gaming

Kaizen Gaming’s director of CRM, Michail Koutsoukos, added that the company is delighted to join forces with Greco. He outlined that Greco’s unique gameplay risk engine will deliver efficiencies that will reduce risk and help the company better evaluate its players. Finally, Koutsoukos said that Kaizen Gaming is looking forward to the success the new partnership will bring.

Greco Continues to Grow

The latest deal with Kaizen Gaming comes on the heels of another partnership announced this week by Greco. Earlier this week, the company revealed it joined forces with Betsson, the globally recognized iGaming company that consists of 20 brands.

Under the terms of the deal, Betsson will benefit from Greco’s leading solution. Ultimately, the company will be able to develop better strategies for risk mitigation and leverage Greco’s solution to detect “unfavorable player behavior.” Just like with the latest deal, the collaboration is expected to benefit the two companies.



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Boyd Gaming Posts Record-Breaking Q4 2022 Results

Boyd Gaming Posts Record-Breaking Q4 2022 Results


Boyd Gaming Corporation posted its financial results for the fourth quarter of 2022. As reported by the gaming and hospitality giant, the three months ended December 31 were very successful for the company, as was the entire year.

Q4 Saw Boyd Gaming Perform Strongly

As announced, Boyd Gaming recorded revenues of $922.9 million in Q4 2022, representing a noticeable increase from the prior year period. Net income for the three-month period sat at $172.7 million, which translates into $1.63 per share. Boyd Gaming noted that this is a substantial increase from Q4 2021 when the company recorded a net income of $109.8 million with $0.96 per share.

The company also shared figures about its adjusted EBITDAR, which was $360.1 million in Q4 2022, a slight year-on-year increase. Adjusted earnings, meanwhile, were $181.8 million, or $1.72 per share, Boyd Gaming added.

EBITDAR was significantly affected by the company’s impressive performance in Las Vegas, the release stated.

In addition, the company paid a quarterly cash dividend of $0.15, just as it had promised earlier.

The Company Beat Its Annual Record

Taking a look at how Boyd Gaming fared in 2022, we see that the company saw revenues increase to $3.56 billion for the year. This figure was accompanied by a net income of $638.4 million, or $5.87 per share. It should be noted that all of these metrics are higher than the ones recorded in 2022.

Adjusted EBITDAR for the year, meanwhile, was $1.39 billion, a very slight increase on the prior year’s $1.37 billion. Adjusted earnings for the period, on the other hand, were estimated at $662 million, which represents $6.07 per share.

Boyd Gaming added that just like in 2021, its 2022 pretax income was impacted by charges. This year, the company has to pay $19.8 million to extinguish a debt. The company’s total debt currently sits at $3.09 billion.

In 2022, Boyd Gaming continued to repurchase shares, taking back $107 of its stock. Moreover, by December 31, the company had $283.5 in cash.

CEO Smith Praised the Results

Boyd Gaming’s president and chief executive officer, Keith Smith, addressed the Q4 results, calling them “a strong conclusion of another record year.” He praised his team for the record-breaking revenue and EBITDAR, adding that the operating teams remain focused on augmenting revenues, inspiring loyalty among customers and managing expenses.

We continued to return significant capital to our shareholders with nearly $600 million in share repurchases and dividends in 2022. In all, 2022 was another strong year for our Company, and we remain confident in our operating model and our team’s ability to successfully navigate the year ahead.

Keith Smith, CEO, Boyd Gaming

Smith pointed out that Nevada was one of the keys to the company’s success in 2022. He also noted that in 2022, the company acquired Pala Interactive and expanded its sports betting deal with FanDuel, which will further help the company in the long run.



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GiG to Support Casino Time’s iGaming Bid

GiG to Support Casino Time’s iGaming Bid


Gaming Innovation Group (GiG), an iGaming company offering cloud-based product and platform services and performance marketing to its B2B partners, announced that it has completed an Ontario-oriented agreement with the local operator Casino Time.

GiG Pens Deal

The completion of this deal follows a Head of Terms agreement announced on November 30 last year. As previously discussed, GiG will provide its new Canadian partner with its award-winning platform, sportsbook and omnichannel solution.

Under the agreement, the brand should go live in the second quarter of 2023, making Casino Time the fifth regional operator to be powered by GiG. The supplier has been making impressive strides in Ontario ever since securing a license from the Alcohol and Gambling Commission of Ontario in July 2022.

Although not the first supplier to hit Ontario’s fresh iGaming market, GiG has quickly cemented itself as one of the most successful ones. The company’s commitment to using best-in-class technology in key functional areas, including player account management, trading and risk management and automated marketing has helped it find many new partners.

GiG’s reliability is something that many companies appreciate, which is why the supplier now has an extensive online and retail reach in the Canadian province.

Casino Time Thrilled to Go Online

Casino Time is a fresh joint venture of retail companies in Ontario’s Charitable Gaming sector. The charity model the brand uses, already popular among local retail players, will now be extended to the iGaming sector for the first time.

Casino Time’s chief executive officer and founder, D’Arcy Stuart, commented on the company’s planned online launch. He thanked the Ontario charities for their continuous support of his company and promised to create engaging experiences for the customers. As stated by Stuart, the company’s plans are to offer online bingo, slots, sports betting and live casino games to local customers.

Meanwhile, Marcel Elfersy, Gaming Innovation Group’s chief commercial officer, said that his team is happy to support Casino Time and help the company make a foray into iGaming.

Combined with our commitment to expansion in complex regulated markets globally, we’re demonstrating that we are well positioned to power the needs and aspirations of land-based operators looking to enter the online space.

Marcel Elfersy, CCO, GiG

GiG has been actively signing agreements with new partners. In January, the company announced two notable Europe-oriented Head of Terms arrangements. The first of them will establish a partnership between the supplier and a famous European land-based operator, while the second one will see GiG enter Swiss iGaming with an undisclosed company. The latter agreement was just confirmed by GiG.



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