Torstar Corporation to Launch Ontario-based Online Casino Business
Torstar Corporation has announced that it intends to launch an online casino betting brand this year in the regulated Ontario online gaming market.
“We are excited at the prospect of participating in a regulated online Ontario gaming market with a made-in-Ontario product. As an Ontario-based media business and trusted brand for more than 128 years, we believe Torstar will provide a unique and responsible gaming brand that creates new jobs, offers growth for the Ontario economy and generates new tax revenue to help support important programs in our province,” Corey Goodman, Chief Corporate Development Officer at Torstar, said.
“There are two reasons for our entry into this field. First, we want to ensure the new marketplace is well represented with a Canadian, Ontario-based gaming brand so that more of our players’ entertainment dollars stay in our province. Second, doing this as part of Torstar will help support the growth and expansion of quality community-based journalism,” Paul Rivett, Chair and co-owner of Torstar, said.
Torstar also announced key additions to its iGaming team, including Gil Steinfeld, a gaming industry veteran with expertise across all product verticals; Don Bourgeois, former General Counsel for the Alcohol and Gaming Commission of Ontario, who will oversee compliance, regulatory and legal matters; and Jim Warren, a senior executive and entrepreneur with 25 years of progressive leadership experience in politics and the gaming and lottery industry. They will join Goodman and Lorenzo DeMarchi, Chief Investment Officer of Torstar, on the team.
