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Canada

SBC Unveiled Finalists for Inaugural Canadian Gaming Summit First Pitch Startup Competition

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SBC Unveiled Finalists for Inaugural Canadian Gaming Summit First Pitch Startup Competition

 

SBC has revealed the three industry start-up finalists of the inaugural edition of the Canadian Gaming Summit First Pitch competition.

In a remarkable demonstration of innovation and potential, these contenders have emerged from a pool of talent, embodying the promise of reshaping the sports betting and iGaming landscape with their forward-thinking solutions.

The highly successful startup competition for sports betting and iGaming companies has been held with great acclaim at the SBC Summit North America in New Jersey and the prestigious global flagship event, SBC Summit Barcelona.

As SBC takes charge of managing the Canadian Gaming Summit, the First Pitch competition will play a crucial role as part of the Growth and Leadership track on the event’s second full day, scheduled for June 15th.

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The three (3)  finalists of the SBC Summit North America First Pitch are:

  • Flex Fantasy: enables users to synchronize their season-long fantasy lineups and utilize them to compete against individuals across different platforms in diverse game formats for real-money rewards
  • Turnover Global: generates virtual sports betting content through sports simulation, which accurately reflects current and past game results. It ensures that the required Return to Player (RTP) percentage
  •  tolerances are consistently maintained for each bet line, as mandated by compliance labs
  • Linemate: aims to revolutionize research insights for novice sports bettors and establish itself as a lifestyle brand catering to these users by addressing the obstacles that hinder consumers from easily embracing and adopting new behavioral patterns

The chosen companies will have the chance to showcase their innovative products to industry leaders and investors. They will also compete for an exclusive prize package valued at over CA$ 70,000, specifically designed to assist in their future development and growth endeavors. The prize package includes:

  • A six-month subscription to Eilers & Krejcik Gaming’s Sports & Emerging Verticals, a boutique research firm that specializes in providing comprehensive services to the gaming equipment, sports, and interactive gaming sectors within the global gaming industry. This subscription alone is worth CA$ 33,000.
  • An exclusive brand or web design package, valued at CA$ 3,700, from Vegas Kings, the premier iGaming design and development agency that has been trusted by leading brands such as Ladbrokes, Betfred, Spinomenal, BetConstruct, and more.
  • A comprehensive promotional package from SBC Media, including six months of advertising on either SBC Americas or Canadian Gaming Business, newsletter advertising, as well as two featured editorials promoting the winning business (valued at CA$ 16,000).
  • Two (2) drafted press releases at any time during 2023 with any news/product updates that the winner would like to share with the industry, distributed to all iGaming B2B media and the US via Business Wire (ensuring coverage on Bloomberg, Yahoo! Finance, etc.), a video interview produced and shared by GameOn, and two (2) additional thought leadership articles that would be placed within a media partner of SBC (valued at ÂŁ2,950.00 or CA$ 4,900)
  • A Receptional Prize Pack – Valued at CA$ 13,000 (The Receptional team will collaborate with the winning company to provide a tailored digital marketing package).

The competition will be moderated by Jesse Learmonth, (Host of the Betting Startups Podcast) and judged by Benjie Cherniak (Principal at Avenue H Capital, LLC), Dani Lipkin (Managing Director of Global Innovation Sector TMX Group), Scott Secord (Partner, Cardinal Capital Sports), Emily McIlquham (Investment Analyst, Relay Ventures) and Mohit Kansal (Managing Director, Clarivest) who will work together to decide the winner after all finalists pitch their products.

Canada

IGT’s Tiger and Dragon Game Debuts in #1 Position on Eilers & Krejcik’s US & Canada Game Performance Report

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International Game Technology PLC (IGT) announced that its Tiger and Dragon multi-level progressive (MLP) game debuted in the number-one position on Eilers & Krejcik’s May 2024 US & Canada Game Performance Report in the “Top Indexing NEW Games – Premium Leased & WAP” category. Tiger and Dragon Cash on Reels took the top position by performing at more than 2.8X zone average and Tiger and Dragon Multipliers ranked third for performing at more than 2.5X zone average.

“Building on the tremendous success of IGT’s Prosperity Link and Mystery of the Lamp games, Tiger and Dragon earning this number-one position in Eiler & Krejcik’s May 2024 game performance report validates our commitment to delivering the industry’s best MLP games. Both Tiger and Dragon themes deliver compelling gameplay mechanics, vibrant graphics, and stunning merchandising that provide our casino operator partners with games that players truly love to play,” said Nick Khin, IGT Chief Operating Officer, Gaming.

IGT’s Tiger and Dragon is housed on IGT’s PeakCurve 49 cabinet and features three unique bonuses: Tiger, Dragon, and the combined Tiger and Dragon bonus. The game introduces an entirely new lock-and-respin and reveals a bonus structure featuring money ball symbols with credit values that can combine. In another new game mechanic, when gong symbols on reels land in the same row, monetary winnings are revealed. Adding to the gameplay excitement are the game’s “up arrows” that appear on reels and increase credit values exponentially.

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NorthStar Gaming Reports First Quarter 2024 Results

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NorthStar Gaming Holdings Inc. released its financial results for the three months ended March 31, 2024. All dollar figures are quoted in Canadian dollars.

“In the first quarter we continued our pattern of strong year-over-year growth, highlighted by record total wagers. Our premium customer experience and growing brand awareness are propelling higher player retention, strengthened loyalty and increased player values. These positive trends enable us to spend our marketing dollars more efficiently, contributing to improved operating leverage as the business scales,” Michael Moskowitz, Chair and CEO of NorthStar, said.

Financial highlights for the first quarter ended March 31, 2024:

  • Revenue, including managed services fees, net of bonuses, promotional costs and free bets, was $5.9 million in Q1 2024, an increase of 63% over $3.6 million in Q1 2023.
  • Total Wagers1 at Northstarbets.ca were $218.0 million in Q1 2024, an increase of 56% compared to $140.2 million in Q1 2023.
  • Gross Gaming Revenue at NorthStarbets.ca was $7.0 million in Q1 2024, an increase of 59% over $4.4 million in Q1 2023.
  • Gross Margin was $2.2 million in Q1 2024, an increase of 91% over $1.2 million in Q1 2023, and represented approximately 37% of revenue compared to 32% of revenue in Q1 2023.

Recent Operating Highlights:

  • Notable year-over-year improvements in key performance indicators (KPIs) included a 42% increase in active players, a 9% decline in cost per acquisition of a customer (CPA), and a 54% increase in estimated 12-month player values.
  • Renewed the strategic marketing agreement with Playtech Software Limited, which will contribute services valued at up to $4 million through to October 31, 2024, designed to accelerate player acquisition in Ontario.
  • Secured $3 million of short-term financing to fund the Company’s continued growth through an unsecured promissory note to Playtech plc dated April 25, 2024 repayable in one year, or earlier upon completion by the Company of additional financing transactions.
  • Recently celebrated the second anniversary of the NorthStar Bets platform, which launched in Ontario on May 9, 2022. Northstarbets.ca has generated more than $1 billion in total wagers1 in its first two years of operations.
  • Ongoing roll-out of enhancements to the Company’s “Sports Insights 2.0” content vertical, an initiative announced in February 2024, with recent additions including player injury reports from industry leader RotoWire and a revised content strategy placing a greater emphasis on casino.
  • Launched the VIP Elite program to help secure the loyalty and satisfaction of our most active players.
  • Introduced branded studios for select live dealer games, prominently showcasing the NorthStar Bets brand and reinforcing the Company’s positioning as a premium offering.
  • Continued to strengthen the Casino vertical, which has surpassed 650 games covering all major categories and curated from leading vendors worldwide.

“March was the strongest month of Q1, and we have maintained that momentum into the second quarter. Our team is making regular improvements to our service offering, such as the recent launch of a VIP Elite strategy aimed at the most active players who drive a meaningful share of our results. We have some exciting demand creation activities planned for the coming months along with further innovations to our platform and content. We remain focused on unlocking value for our stakeholders and are excited about the opportunities ahead of us in 2024,” Mr. Moskowitz said.

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Swintt games approved for release in Ontario

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Swintt games approved for release in Ontario

 

In-demand software provider receives AGCO approval to operate in the regulated province, bringing full suite of games to Canadian players for the very first time

Swintt, the EGR award-winning software provider famed for its classically-themed Premium releases and state-of-the-art Select slots, has announced it has received permission to operate in Ontario, meaning its full suite of games will now available to AGCO-licensed platforms.

Having unveiled ambitious plans to expand into further regulated markets at the start of 2024, Swintt’s portfolio is now certified in eleven countries including Malta, Germany and the Netherlands, but this latest approval represents the company’s maiden entry into North America.

This means that not only will Ontarian players now be able to enjoy popular SwinttGames releases like the fan favourite slot Aloha Spirit XtraLockTM, but also newer upcoming games from Elysium Studios – Driven by Swintt.

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The product of Swintt’s acquisition of Elysium Studios earlier this year, the collaboration has resulted in a new line-up of releases being added to the software provider’s roster, with these games combing immersive themes and features with the very latest in slot design and graphics.

Tipsy Charms, the first game in the Elysium Studios – Driven by Swintt line-up, has already launched to great effect – and with the Mesopotamian-themed adventure, Law of Gilgamesh, scheduled for May 30th, there’s plenty for Ontarian players to look forward to in the coming weeks.

With all this and more on the horizon for the province in the second half of 2024, everyone at Swintt is excited about entering the regulated Canadian market for the first time and the company has high hopes that the approval will further underline its credentials as a leading global provider.

David Mann, Chief Executive Officer at Swintt, said: “Swintt is delighted to have received AGCO approval for its games in Ontario and we’re very excited to now have the chance to take this new and dynamic market by storm. Being certified to launch in Ontario is definitely a huge step for the company that will enable us to showcase our brand to new audiences on the global stage.”

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