Latest News
Sharp Alpha Advisors Raises $10M to Invest in Sports Betting Startups
Sharp Alpha Advisors announced on Tuesday the final closing of Sharp Alpha Fund I, an oversubscribed $10 million venture capital fund investing in early stage sports betting technology companies.
Based in New York City, the fund has already deployed capital into 11 startups, including Players’ Lounge, GridRival, PickUp, and Prophet.
The fund targets initial allocations averaging $250,000 in Seed and Series A financings, with plans to provide follow-on support in subsequent rounds. Sharp Alpha also maintains a co-investment vehicle that enables limited partners to invest additional capital in select deals alongside the fund. Through the use of this vehicle, the firm has made initial allocations in excess of $1 million.
According to Lloyd Danzig, the firm’s Managing Partner, the sports betting industry is ripe for early stage investment. “Not only is the sports betting industry at an inflection point, but market leaders are choosing to buy rather than build at every turn. With M&A serving as the primary mechanism through which operators achieve differentiation and vertical integration, it is a great time to underwrite next-gen infrastructure,” Danzig said.
Sharp Alpha’s advisory board includes Keith Horn, who was previously the COO of Elliott Management and Global Head of Leveraged Finance at Merrill Lynch; Emanuel Pearlman, the former Chairman of Empire Resorts and board member at several public companies; Adam Davis, the former Chief Commercial Officer at Harris Blitzer Sports and Entertainment and Chief Revenue Officer of the New Jersey Devils; Daniel Bernard, a Venture Partner at Mindspring Capital and Chairman of Redwood International Sports; Roy Behren, the President and Chief Investment Officer of a $5.2 billion asset manager specializing in merger arbitrage and former enforcement attorney for the SEC; and Don Kornstein, the Vice Chairman of Caesars Entertainment and former executive at numerous successful gaming companies.
Latest News
ALC Announces the Appointment of Dallas McCready as New Head of Crown Corporation
The Atlantic Lottery Corporation (ALC) has announced the appointment of Dallas McCready as the new head of the crown corporation, replacing Patrick Daigle, who had announced his retirement.
Before taking on his new role, McCready was Atlantic Lottery’s Chief Strategy Officer, a job he took in 2022. He brings more than 20 years of experience in the gaming industry and public sector, including serving as a Deputy Minister with the Government of New Brunswick. As ALC’s Chief Strategy Officer he led the development of the organization’s recent five-year strategic plan.
“McCready brings significant gaming experience and a unique set of skills and experiences that will drive the organization forward at a very exciting time in the industry. The fact that we were able to identify the ideal next President and CEO from the internal executive ranks speaks to the strength and depth of the team at Atlantic Lottery,” said Sean O’Connor, Chair of Atlantic Lottery’s Board of Directors.
An ad-hoc board committee was put together to partner with Royer Thompson, an executive recruitment firm based in Halifax, Nova Scotia, to lead a search for Daigle’s replacement. More than 120 applicants were considered for the role in an international search.
“Atlantic Lottery has always punched above its weight. With increasing competition in the sector, we are emerging as a leader in healthy play for our customers while continuing to make a game-changing impact for the people and places of Atlantic Canada,” McCready said in a statement.
According to the latest annual report for the 2023-24 fiscal year, released last October, Atlantic Lottery delivered CA$487 million to the four Atlantic provinces – New Brunswick (CA$151.2 million), Nova Scotia (CA$161.7 million), Prince Edward Island (CA$26.8 million), and Newfoundland and Labrador (CA$147.3 million) – which included CA$256.5 million from the Destination line of business (video lottery terminals) and CA$230.5 million from the Retail and iLottery lines of business.
Atlantic Lottery continued to see growth on the alc.ca platform, with gross gaming revenue for the iLottery line of business increasing by 17% over the previous fiscal year.
awards
GLI Honored as Services Provider of the Year at Global Gaming Awards EMEA 2025
Gaming Laboratories International (GLI) has been named Services Provider of the Year at the Global Gaming Awards EMEA Edition 2025. The award ceremony, held during ICE Barcelona, recognizes organizations that are shaping the future of the gaming industry with innovative solutions and exceptional service.
The Services Provider of the Year award celebrates excellence among companies offering indispensable services to the gaming sector, including hosting, cybersecurity, legal expertise, and more. Winners were selected by an independent panel of industry leaders.
At ICE Barcelona, GLI’s global teams, including representatives from GLI, Bulletproof, SIQ Gaming Laboratories, and iTech Labs, showcased the company’s unparalleled, fully integrated compliance and cybersecurity services speaking with companies of all sizes and jurisdictions. From land-based gaming to iGaming, sports betting, ISS, and lottery, GLI empowers suppliers, operators, and regulators to innovate safely and confidently in more than 710 jurisdictions worldwide. This recognition highlights GLI’s innovative approach to addressing the industry’s most complex challenges by continuously monitoring new technologies, legislation, and regulations.
“We are thrilled and humbled that the industry recognized us for our industrious efforts to keep the industry moving forward safely, securely, and compliantly in every global gaming jurisdiction. This is a huge compliment to our teams who work tirelessly for our clients, and we thank each of our clients for their ongoing support and partnership,” said GLI President & CEO James Maida.
Compliance Updates
SYNOT Games Takes a Leap Forward with Certification Milestone in Argentina
SYNOT Games announced that 140 of its top-tier games have been officially certified for the Argentinian market.
The certifications, issued by Gaming Labs International mark a significant step in SYNOT Games’ commitment to delivering high-quality, compliant, and entertaining products to the Latin American market.
In addition to the 140 games, the certifications include the renowned SYNOT Progressive Bonus and advanced Random Number Generator technology, providing operators and players with a superior and trustworthy gaming experience.
SYNOT Games is committed to certifying its entire game portfolio for the Argentinian district shortly. This will further solidify the company’s presence in the rapidly growing Latin American market and reaffirm its position as a trusted partner for local and global operators.
Martina Krajci, CCO at SYNOT Games, said: “We are delighted to achieve these certifications and bring our innovative products to Argentina. This is an important milestone in our global expansion strategy, and we look forward to offering our Argentinian partners and players access to our certified games, backed by industry-leading technology and robust compliance standards.”
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