Canada

XPOINT ANNOUNCES MAJOR MILESTONE AS XPOINT VERIFY GOES LIVE IN CANADA

Published

2 years ago

June 23, 2022

Xpoint, the leading geolocation technology company specializing in sports betting, iGaming and gambling in North America, has announced confirmation of a major milestone in the establishment and growth of the business. Xpoint Verify, Xpoint’s real-money gaming geolocation product developed specifically for sportsbook, iGaming and gambling operators, is now live, in-market for the first time in Canada with Xpoint partner SkillOnNet, the online casino operator which launched in Ontario on June 6, 2022. The news that Xpoint Verify is now live comes less than one year since Xpoint was formally unveiled in Las Vegas at the Global Gaming Expo (G2E) 2021.

SkillOnNet, operator of some of the world’s most popular online casinos, launched in Ontario with its brands PlayOJO, SlotsMagic and SpinGenie in early June, 2021. Ontario legalized online gaming on April 4, 2022, opening a major new iGaming market that is expected to reach $1billion in revenue over the next two years.

“For everyone involved with Xpoint, this is a very significant announcement,” commented Marvin Sanderson, Xpoint CEO and Co-Founder. “We founded Xpoint in 2019, then formally launched the business just eight months ago at G2E, and now we have our first product live in-market, with an outstanding partner in SkillOnNet. Our investors, partners and our team have made this possible, and I want to thank them all for their support and their hard work. Thousands of hours of work by our world-class personnel have gone into making this moment possible, and we are honored to be supported by a number of investors and partners who share our vision for transforming the geolocation industry – thank you to them for playing such an important role in helping us reach this milestone.

“It’s worth noting that this is just the start, the first chapter in our story. In a matter of weeks we’ll also be live in the USA, and then the rollout of both Xpoint Verify, and Xpoint Lite, our geolocation product designed and built for Daily Fantasy Sports (DFS) operators, will continue at pace. We have a very exciting future ahead, and I’m delighted we’ve already reached such an important chapter in our history with SkillOnNet.”

“We’re proud to work with Xpoint as our official geolocation technology partner,” said Maor Nutkevitch, Senior Vice President Corporate Development at SkillOnNet. “We were attracted to Xpoint’s technology that helps our consumers engage with our platforms safely and securely, and the fact that our working relationship is rooted in a true partnership.”

Xpoint’s innovative geolocation solutions provide technology that enables sportsbooks, iGaming and Daily Fantasy Sports (DFS) operators to meet their regulatory obligations, helping engage with their customers safely and securely. Xpoint Verify is the real money gaming operator’s geolocation product of choice, while Xpoint Lite is specifically designed for DFS operators. Xpoint’s innovation is not just in product design and delivery, it is also inherent in the company’s ability to work with its partners to turn location-based data into business assets, transforming a utility into a business benefit. To find out more, go to www.xpoint.tech.

Related Topics:Latest-News Maor Nutkevitch SkillOnNet Xpoint

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ComeOn Group adds sportsbook to its offering in Ontario

Published

1 week ago

November 8, 2024

George Miller

ComeOn Group adds sportsbook to its offering in Ontario

ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.

ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.

ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.

Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”

*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)

Canada

INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform

Published

2 weeks ago

November 7, 2024

Niji Narayan

INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.

The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.

INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.

Canada

IAGR announces Toronto as host city for 2025 conference

Published

3 weeks ago

October 30, 2024

Adrienn Sarkany

Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.

The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.

‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.

‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’

AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’

Stay tuned for registration details early next year.