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Market Insider

Canadian Single-Event Sports Betting Is A One-Horse Race, As Bill C-218 Passes In The House And C-13 Is No More

Posted on 22 March 2021

Canada just came one step closer to legal single-event sports betting. On February 17, Bill C-218 passed its second reading in the House of Commons by a vote of 303-15. The bill seeks to repeal section 204(7)(b) of the Criminal Code, which currently excludes bets on the outcome of a single event from the list of allowed forms of gambling. The bill is now in the hands of the Standing Co ...

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The Casino File: Borgata, Rivers Philadelphia form digital partnership for Pennsylvania betting site

Posted on 22 March 2021

Being separated by a mere 60 miles or so, Borgata Hotel Casino & Spa and Rivers Casino Philadelphia are, ostensibly, competitors for the hearts, minds and wallets of the region’ gamblers. But like politics, the lucrative online gaming realm makes for strange bedfellows. The two entities have just launched a Pennsylvania-accessible app called Borgata Online Casino. The af ...

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DraftKings Selling up to $1.15 Billion in Convertible Notes, Could Fund Deals

Posted on 22 March 2021

The daily fantasy sports (DFS) provider and online sportsbook operator is offering $1 billion in convertible notes coming due in 2028. but underwriters of the transaction have a 13-day window in which they can purchase another $150 million worth of the bonds. “The company intends to use the net proceeds from the offering (including any net proceeds from the sale of any additional No ...

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DraftKings Stock Jumps Following Investor Day Comments, Sees $67B Market for iGaming, Sports Betting

Posted on 22 March 2021

DraftKings (NASDAQ:DKNG) stock is rallying Tuesday after the company said the North American iGaming and online sports wagering markets could eventually be worth $67 billion or more on a combined basis. This is far higher than even some of the most enthusiastic analyst forecasts. Citing positive legalization trends, the sportsbook operator arrives at the $67 billion projection based on ...

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DraftKings Could Get Canadian Boost, Says Analyst

Posted on 22 March 2021

Earlier this week, the House of Commons resoundingly passed Bill C-218. It’s legislation that allows Canada’s 10 provinces and three territories to roll out betting on individual sporting events. Companion legislation in the form of Bill C-13, which would legalize single-game betting at the federal level, is scheduled for a second reading in the House of Commons on Friday and is ex ...

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Interactive Games Technologies Inc. announces corporate strategy to enter US market

Posted on 22 March 2021

TORONTO, March 16, 2021 (GLOBE NEWSWIRE) -- Interactive Games Technologies Inc (IGT.BET) (“Interactive Games Technologies Inc” or the “Company”) (CSE: BETS) (FRA: F0O3) (OTC: BLITF) – a leading global online and mobile gaming company, is pleased to announce its strategy for entering the US online gambling market.
IGT.BET believes it has identified an opportunity in the ...

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Sports Betting Boom: CEO’s of Penn National, FansUnite, Score Media and i3 Interactive Seize New Market Opportunities as Legalization Expands

Posted on 22 March 2021

NEW YORK, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Penn National Gaming (NASDAQ: PENN), i3 Interactive (CSE: BETS) (OTC: BLITF), FansUnite (OTC: FUNFF) (CSE: FANS), and Score Media and Gaming (OTC: TSCRF) (TSE: SCR).
Online betting markets ...

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i3 commends Canadian Government efforts to legalize single event sports betting in Canada

Posted on 22 March 2021

TORONTO, Feb. 18, 2021 (GLOBE NEWSWIRE) — i3 Interactive Inc. (“i3 Interactive” or the “Company”) (CSE: BETS) (FRA: F0O3) – is pleased to announce that, Bill C-218 was voted on and passed at second reading in the House of Commons on February 17, 2021. If Bill C-218 passes as currently constituted, it would grant provinces and territories in Canada the responsibility of ...

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Ontario Provides Update On Online Gambling Regulations

Posted on 22 March 2021

Reports have most recently emerged from Ontario that the province is on track to modernize its gambling industry. After public consultations with the province’s Attorney General the proposed online casino legislation initiative received a green light. Local authorities have been working hard on the matter in order to iron out all details and prevent unwanted damages to the ga ...

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6 reasons to avoid car repairs at St-Laurent Volvo

Posted on 02 November 2020

There are a few Volvo dealerships in Ottawa, but the St-Laurent Volvo dealership has been blacklisted by several customers due to its subpar services. The dealership has left numerous customers dissatisfied with its services due to the company’s sheer unprofessionalism and poor management. Many customers are now advising others to steer clear of the dealership either for purchasing or s ...