Latest News
Greenlite Ventures Signs Deal to Acquire No Limit Technology
Greenlite Ventures Inc. has announced the signing of an Acquisition Agreement with No Limit Technology Holdings, Inc. (NLTH), an emerging powerhouse in the Sports Betting arena. The Agreement is scheduled to be finalized following a 30–45-day due diligence period.
NLTH stands at the forefront of innovation with the imminent launch of its revolutionary “No Limit Betting Exchange”. By pairing bettors through a decentralized exchange rather than the conventional “betting against the house” paradigm, NLTH is able to provide a stunning 97% return rate to its players as opposed to the industry standard of 90%, while ensuring a guaranteed win for the Company on every transaction.
With a track record of success highlighted by its pioneering Daily Fantasy Sports platform that has brought the benefits of blockchain efficiency and cryptocurrency to sports betting, NLTH is poised to reshape the entire industry.
The incorporation of decentralized crypto wallets and smart contracts, powered by NLTH’s proprietary peer-to-peer algorithms and NoLimitCoin, creates even more financial benefits for NLTH users. The Blockchain Smart Contract has eliminated the custody risk inherent in traditional betting platforms and gives NLTH players full control over their funds at all times
NLTH’s has already successfully integrated crypto wallets within its gaming platforms and is now about to launch a standalone user-friendly crypto exchange that can easily be navigated by traders with or without previous crypto experience. Adhering strictly to compliance laws both domestically and internationally, NLTH is committed to delivering top-tier customer service and cutting-edge technology across sports betting and crypto trading domains.
GRNL and NLTH are already synergizing efforts to create the lowest cost player acquisition in the industry by driving traffic to NLTH’s betting platforms through strategic media partnerships, podcast initiatives, and celebrity collaborations. GRNL has secured agreements with sports talk luminary Jeff DeForrest, as well as Las Vegas icon Brandon Lang and famed race caller Frank Mirahmadi, to anchor its new Sports Podcasting platform. Daily sports betting podcasts hosted by top handicappers and showcasing NLTH’s AI-generated ratings and probabilities are scheduled to begin in the coming weeks.
“The timing of this alliance couldn’t be better. With the launch of our new Sports Podcast Network led by Defo’s “Bury Your Bookie” show, we’re primed to drive significant daily traffic to No Limit’s exchanges and platforms. This gives us the opportunity to maximize the influence of our celebrity partners and the abundance of media opportunities at our disposal. Once bettors experience the game-changing advantages these platforms offer, we know we can quickly establish a powerful niche in this exploding $300 billion industry,” said GRNL Chairman Russell Elbaum.
Rafael Groswirt, NLTH’s founder who is slated to assume the role of CEO of the merged entities, said: “Greenlite provides No Limit with the resources and platforms necessary to make our mark amongst the industry giants. The extensive sports and media connections of GRNL’s top management and largest shareholders position us to partner and white-label with some of the biggest players in the game. Together, we’re committed to seizing the myriad of opportunities that lie ahead.”
Latest News
Golden Matrix Group to Participate in the 2025 ICR Conference
Golden Matrix Group Inc., a developer and licensor of online gaming platforms, systems, and gaming content, today announced that management will participate in the 2025 ICR Conference on January 13-15, 2025 at the Grande Lakes Resort in Orlando, FL.
Zoran Milosevic, Chief Executive Officer of Meridianbet, will participate in a fireside chat with an equity research analyst on Monday, January 13, 2025, at 2:30 PM ET and will also be available for meetings during the conference.
Canada
Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids
BCLC reminds adults to gift responsibly this holiday season
With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.
“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”
While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.
“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”
In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.
“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:
- Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
- Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
- Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
Latest News
Caesars Entertainment Closes Sale of the LINQ Promenade
Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
-
Compliance Updates6 days ago
Florida Gaming Control Commission Collaborates with Local Law Enforcement Partners to Address Illegal Gambling Activity and Shut Down Illegal Casinos
-
Latest News6 days ago
Lucky Eagle Casino & Hotel Installs QCI’s Enterprise Platform
-
Canada6 days ago
Play’n GO announces partnership with Canadian operator PointsBet
-
awards3 days ago
Yaamava’ Resort & Casino at San Manuel Named #1 Best Overall Casino Outside of Las Vegas and #1 Best Native American Casino in 2024 Newsweek Readers’ Choice Awards
-
Interviews6 days ago
Building a company culture from the ground up
-
Latest News3 days ago
SPGA Introduces Code of Conduct to Highlight Member Commitment to Compliance and Safety in Social and Promotional Gaming
-
Gambling in the USA1 day ago
Industry veteran joins North American operator as chief interactive gaming officer to drive growth in iCasino states and efficiencies in its online sportsbook
-
Latest News6 days ago
Betson Appoints Todd Cravens as SVP of Gaming Division