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SBC Digital Day: 2026 FIFA World Cup stress test for sportsbooks

The 2026 FIFA World Cup will place unprecedented pressure on sportsbooks. Rising acquisition costs, tighter compliance rules, AI-assisted bettors and extreme in-play volatility make this the industry’s ultimate challenge.

With that in mind, SBC Digital – World Cup 2026 brings together senior leaders from global operators and suppliers to provide a practical view of profitability, risk management, and long-term strategy. The series of panel sessions this Wednesday, Feb. 25, is brought to you in partnership with Headline Partner DATA.BET and Sportsbook Lead Partner Betby.

The digital conference features five live, interactive panels examining acquisition value, AI-driven bettors, marketing under regulation, and matchday volatility:

Improving Live Betting Through Data Science & Statistics

Moderated by iGaming Expert Editor Joe Streeter, experts will discuss using data, analytics, and machine learning to optimize in-play pricing and customer experience.

Speakers:

  • Yurii Berest, CEO, DATA.BET
  • Ivan GojicEntain
  • Filip Jakupovs, Entain

All In or Sitting Out? The True Cost of the World Cup Acquisition Game

This panel, moderated by SBC News Editor Ted Orme-Claye, will explore profitability, compliance, and whether the World Cup remains a viable acquisition opportunity.

Speakers:

  • Myke FosterFEG
  • Damir BohmTipwin
  • Aviv SherCodere Online
  • Dainis Niedra, Entain
  • Marco Marchioro, Superbet

AI Players vs. Sportsbooks: Preparing for the Ultimate Stress Test

Panelists will discuss defensive AI strategies, pricing frameworks and maintaining competitive odds. SBC Media Manager Charlie Horner will moderate.

Speakers:

  • Greg PapanastasiouPlaynorth
  • Ifran ParvezLiveScore
  • Ivan Gojic, Entain
  • Chris Nikolopoulos, CCO, Betby

Winning Marketing Strategies for World Cup 2026

With Streeter in the moderator’s seat again, experts will explore cost-effective ways to reach players using segmentation, creator campaigns and storytelling.

Speakers

  • Dawid PozogaSTS Gaming
  • Casey HurbisBetMGM North America
  • Elena BarbaNovibet
  • Tamazi GambashidzeFlutter CEE/Adjarabet

Navigating the Storm: Managing Risk in the 2026 World Cup

This final session, moderated by SBC Editor-at-Large Ted Menmuir, will cover strategies to manage volatility, protect margins, and maintain control across live markets.

Speakers

  • Andre ZammitLeoVegas
  • Chris Nikolopoulos, CCO, Betby
  • Hristo Spasov, Codere
  • Thomas Donson, DATA.BET

Secure Your Place

SBC Digital World Cup 2026 is free to attend and open to industry professionals. Complete the sign-up form below to receive confirmation and access details ahead of the event.

Register for the event here.

Kahnawake Gaming Commission loses Magic Palace court appeal

The Court of Appeal of Québec has dismissed the Kahnawake Gaming Commission’s (KGC) appeal of a 2024 ruling, upholding that the provincial courts have the power to review KGC’s gaming decisions.

In a new ruling issued last week, the appeals court upheld the Superior Court of Québec‘s November 2024 decision in the case of Magic Palace casino near Montreal. The Superior Court previously determined that it has the power to put the KGC’s decision to suspend and invalidate gaming licenses held by Magic Palace under the microscope.

Magic Palace sued KGC over license suspension

The KGC is a First Nations entity run by the elected Mohawk Council of Kahnawà:ke (MCK) and established by the Kahnawake Gaming Law, which it says gives it the right and responsibility to grant and revoke gaming licenses under its auspices.

The KGC suspended Magic Palace’s gaming licenses in the first half of 2024 after allegations of criminal activity involving and occurring at Magic Palace. The MCK then terminated Magic Palace’s electronic gaming devices agreement, at which point the KGC declared Magic Palace’s suspended license was no longer valid.

Magic Palace’s owners, Stanley Myiow and Barry Alfred, sued in court contesting that the KGC acted unlawfully. That lawsuit will continue after the KGC’s appeal was denied.

Appeal judges back up Superior Court

The KGC argued in court that because it is a private entity that does not act under or derive its powers from a Québec statute, it is not under the authority of the Parliament of Québec and so the statute should not apply to it. The legal arguments mostly centre on a relevant section of the provincial Criminal Code, article 529.

A Superior Court judge found in November 2024 that the KGC had failed to prove that the court did not have jurisdiction. KGC appealed that decision, but on Feb. 17, the three-judge appeals panel dismissed the appeal, with two of the judges concurring with the reasoning of their colleague Frédéric Bachand.

“[KGC’s] sole contention is that the remedies sought by the respondents are unavailable — full stop — because its licensing decisions are private decisions that are outside the scope of the Superior Court’s general power of judicial review,” wrote Bachand. “It does not dispute that, should its argument fail, the merits of the case ought to be decided by the Superior Court.”

Bachand determined that the true issue was not jurisdiction, as argued by the KGC, but “one of statutory interpretation” of whether article 529 extends the Superior Court’s common law power of judicial review to incorporate purely private entities such as the commission.

Bachand agreed with the Superior Court judge’s ruling that KGC licensing decisions do fall under that remit. The appeals judge noted he could not think of a reason why the Québec code would have intended to give the Superior Court the power to direct a private entity not under the authority of Parliament to perform a particular act while at the same time denying it the power to review decisions made by the same private entities.

Barchand added that the KGC’s “narrow” interpretation of article 529 “would lead to an illogical — and thus absurd — outcome” if accepted by the court.

Canadian Gaming Business reached out to the KGC and MCK seeking comment.

Kahnawake lost Ontario iGaming challenge

This isn’t the only provincial Superior Court case that Kahnawake has been involved in. In a high-profile case in 2024, the Ontario Superior Court dismissed the MCK’s legal challenge of iGaming Ontario’s online gaming and betting model.

As a result of its opposition to Ontario’s market, the MCK shut down its Mohawk Online Limited subsidiary in Ontario. In late 2024, the MCK ended its partnership with Entain on the operation of the Sports Interaction online gaming platform in Canada. The MCK said at that time it would consider other avenues to expand its online gaming footprint in Canada.

Meanwhile, the council has been part of discussions over a bill in federal Parliament that would change Canada’s Criminal Code to affirm that the governing body of a First Nation has exclusive authority to conduct, manage and regulate gaming on its lands.

The 2026 version of the Act to Amend the Criminal Code and the Indian Act, S-241, has undergone some discussion in the Senate in recent weeks. The MCK opposed the previous iteration, S-268, citing concerns that it may do more harm than good and suggesting that the government has no right to weigh in on the MCK’s gaming authority. However, it reportedly supports the new version after further consultations.

iGaming aggregator St8 goes live in Ontario with TonyBet

Casino games aggregator and full-service technology provider St8 has officially gone live in Ontario’s regulated iGaming market through a new partnership with European operator TonyBet.

TonyBet has integrated with St8’s scalable aggregation platform, allowing it to offer a wide range of titles from leading providers. St8 provides operators with access to content from more than 200 online gaming providers across multiple verticals via its single-API platform. TonyBet also gets access to St8’s bonusing and promotional tools, compliance and licensing solutions, advanced reporting and data capabilities.

The TonyBet agreement is the latest step in St8’s global growth strategy as it continues to expand its presence in regulated iGaming. As well as an Alcohol and Gaming Commission of Ontario (AGCO) license, which it has held since last October, it is approved as a technology supplier in other countries including the United Kingdom, Sweden, Romania and other countries.

“Going live in Ontario is an important milestone for St8 and reflects our continued commitment to growth in regulated markets,” said St8 Chief Executive Officer Vladimir Negine. “Since receiving our Ontario licence, we have focused on building strong local partnerships and delivering a platform that combines scalability, speed and compliance.

“As a respected international brand, TonyBet shares our commitment to building reliable solutions for regulated markets, and we look forward to working closely together as we continue to expand our presence in regulated jurisdictions worldwide.”

Earlier in February, St8 expanded its partnership with gaming supplier Gaming Corps to distribute a broad selection of the company’s content to licensed Ontario operators, including a range of slots, crash, mine, table and plinko games.

TonyBet one of many in Ontario

Latvia-headquartered TonyBet has been licensed in Ontario since 2022, where it competes with around 50 other AGCO-approved iGaming operators as well as the Ontario Lottery and Gaming Corporation (OLG). It also offers online sports betting and online casino gaming elsewhere in Canada through a Kahnawake Gaming Commission license.

Over the course of its time working as a licensed operator in the province, it has struck multiple sports partnerships, including a multi-year deal with the Canadian Premier League (CPL) soccer league and the Canadian Elite Basketball League (CEBL).

“As we expand our presence in Ontario, it is important for us to work with technology partners that support continued growth while meeting the highest regulatory standards,” added TonyBet Head of Product Kiryl Liudvikevich. “St8’s platform gives us the flexibility to integrate a wide range of content and tools through a single connection, helping us scale smoothly while maintaining a strong focus on player experience.”

Alberta follows Ontario by making RG Check mandatory for iGaming

As Alberta continues to build the foundations for its upcoming regulated iGaming market, the market’s conduct-and-manage agency has followed Ontario’s lead by partnering with the Responsible Gambling Council (RGC) on a key requirement for operators.

RGC and the Alberta iGaming Corporation (AiGC) announced on Friday that all registered online gambling platforms will be mandated to achieve the council’s RG Check accreditation.

RG Check is an independent responsible gambling verification program that evaluates online casino and sports betting sites against evidence-based benchmarks, assessing their governance, player protection measures and marketing practices.

The AiGC and RGC said the requirement will ensure that every licensed operator meets the highest standards for responsible gambling measures and supports.

“Alberta is committed to building a safer, regulated iGaming environment where player protection comes first,” said interim AiGC CEO Dan Keene. “By requiring RG Check accreditation, we’re ensuring that every iGaming operator in our market has demonstrated their commitment to player safety through independent verification of their responsible gambling programs.”

Ontario: A blueprint to follow

RG Check accreditation has been a baked-in requirement at iGaming Ontario (iGO), the AiGC’s Ontario equivalent, since before that province opened its doors to commercial operators in April 2022.

For any iGaming operators who currently hold RG Check accreditation in another jurisdiction (and plenty of Ontario-licensed accredited operators are knocking at Alberta’s door), the process will be “streamlined,” said RGC. A separate Alberta accreditation will be required, but existing accreditations will be recognized to reduce costs and administrative burdens.

In Ontario, operators had to sign a commitment to achieving RG Check to begin play in the market, but had a relatively long timeframe in which to complete the program. The AiGC and other stakeholders will discuss the timeframe for RG Check in the Alberta market at an industry engagement in early March.

“We’re going to be offering a fast pass to anybody that is already accredited in other jurisdictions,” Alberta’s minister responsible for iGaming, Dale Nally, told Canadian Gaming Business on Friday. “I don’t know how long of a runway we’re going to give them to complete it, but we’re making it very clear that they need to have that accreditation.”

RCG Senior Vice President of Accreditation, Advisory and Insights Tracy Parker told Canadian Gaming Business last year that the council regularly updates the RG Check program to make sure it keeps up with the pace of change in gaming. Similar to Ontario, the AiGC will work closely with RGC to ensure ongoing compliance and continuous improvement.

“Alberta is building on a strong foundation established in Ontario, where RG Check has proven its value in creating safer gambling environments,” said RGC CEO Sarah McCarthy. “This proactive approach ensures that player protection isn’t an afterthought; it’s built into the market from the ground up.”

Alberta’s responsible gambling focus

The RG Check move is a logical one, and the latest responsible gambling-focused step taken by Alberta’s government to try to ensure that when the flurry of iGaming activity does begin, it is done in a way that safeguards players and holds licensees accountable.

Minister Nally told fellow politicians before the iGaming Alberta Act passed last spring that he and AiGC and the market regulator, Alberta Gaming, Liquor and Cannabis (AGLC), would build out responsible gambling measures in regulations rather than law.

“If we had written those rules into legislation, it would be like putting them in granite,” Nally told Canadian Gaming Business last month. “By putting them in regulation, it’s more like Jell-O, and it’s easier to course-correct.”

Nally also said in that interview that Alberta has embraced some of Ontario’s best practices and that the province would streamline the application process for operators already approved in good standing in Ontario. The RG Check mandate ticks both boxes.

One thing that is written into law is that a centralized self-exclusion system will be in place from day one, a tool to allow players who wish to shut themselves off from gambling sites to block their access to all gaming platforms at the touch of a button. Meanwhile, the AGLC’s initial standards for iGaming, published in January, include notes on advertising best practices, player safety features and other measures.

Spring/summer launch is the target

Those standards will continue to be refined in the months leading up to the Alberta iGaming market launch, and beyond the start date.

In the meantime, while operators and suppliers apply for registration, the AiGC is recruiting for numerous leadership positions, setting up their public- and industry-facing brand, and continuing to consult with stakeholders as the province marches on towards opening its doors.

Ultimately, various stakeholders have suggested that an Alberta iGaming market launch around the midpoint of the calendar year is the target.

“We have some temporary regulatory requirements that we put up and the expiration on those, I believe, is the second week in July,” Nally added on Friday. “So, you can take that as a very big hint. We’re going all out to make sure that we’re going to go live very soon. We have a date in mind, we’re just not ready to put it out yet.”

Caesars not sold on idea of Canadian land-based gaming expansion

As another Canadian province prepares to greatly expand its gaming market, Las Vegas giant Caesars Entertainment is taking a cautious approach to the idea of deepening its brick-and-mortar footprint north of the border.

One of the most recognizable names in land-based casinos and sports betting, Caesars owns or operates more than 50 physical properties in the U.S. under various brands, including its own name as well as Harrah’s, Horseshoe, Tropicana and Eldorado.

The Reno, Nevada-based company also has a longstanding existence in Ontario through Caesars Windsor, near the waterfront of the Detroit River. The Windsor casino and its accompanying full-service retail Caesars Sportsbook remain the operator’s only branded land-based resort in the country.

CEO Tom Reeg was asked on an earnings call this week whether the company could pursue additional opportunities for casino expansion up north.

“We would look elsewhere in Canada,” mused Reeg. “But I’ll tell you, most of what you find in Canada, to get a property the scale of Windsor, you have to operate a number of very, very small properties in tough locations. And that’s not typically been interesting to us.”

Caesars taking firmer control of Windsor

Caesars has operated the Windsor casino, which is publicly owned by Ontario Lottery and Gaming Corporation (OLG), since 1998. It rebranded from Casino Windsor to Caesars Windsor in 2008. Last May, Caesars was selected by OLG to continue for another 20 years, reportedly beating out competing bids from Bally’s and Mohegan.

Caesars executives confirmed on the Feb. 17 call that as of March 2026, the border city resort will transition to an owned property, changing Caesars’ status from management contractor (as it is at some of its tribal casinos in the U.S.) to independent operator. In practice, little will change. Casino staff will be officially under Caesars umbrella rather than OLG’s, the Vegas company will have more license to further integrate its back-of-house system and Windsor will be folded in under the Regional properties section on the company’s books.

Reeg was asked on the call whether the renewal and the change of status of Windsor were indicative of any additional opportunities in Canada, or whether it was a unique situation in isolation.

“This was a unique situation for us,” the CEO replied. “We were long-time managers of the asset and we effectively bought the OpCo EBITDA [operating company earnings before interest, taxes, depreciation, and amortization] at two times what it’s doing now. I think we’ll be able to improve upon that as a wholly owned entity.”

The Alberta opportunity

Caesars Windsor is the gaming giant’s historic foundation in Canada, but its presence extends far beyond that these days. The company operates three online gaming platforms in Ontario’s regulated iGaming market: its eponymously branded Caesars Sportsbook and Casino and Caesars Palace Online Casino and the Horseshoe Online Casino app that it introduced north of the border in late 2024.

Caesars will apply for an operator’s license to enter Alberta’s upcoming iGaming market, if it has not done so already. Canadian Gaming Business understands that the company will lean particularly heavily on its Caesars Palace online brand in that province.

For operators like Caesars who offer sports betting as well as online casino, there are cross-pollination opportunities to pursue if they want to. Alberta Gaming, Liquor and Cannabis (AGLC), which will regulate the upcoming iGaming market when it launches in a few months’ time, will allow the province’s casinos, racing entertainment centres and professional sports teams to partner with licensed iGaming operators to run retail sportsbooks within their venues.

“Operators and land-based casinos were asking for it,” Alberta’s minister responsible for iGaming, Dale Nally, told Canadian Gaming Business last month. “It can be a great revenue opportunity for these land-based casinos.”

We’re still early in the application process, but that may appeal to some. Before AGLC published the first version of its iGaming framework in January, PENN Entertainment CEO Jay Snowden suggested that theScore Bet’s parent company would continue to assess any opportunities to re-establish a brick-and-mortar footprint in Canada. Like Reeg, though, Snowden pointed to a lack of options compared to the U.S.

“There’s not a lot of options there, there’s sort of two large operators in Canada from a retail perspective,” he said on a PENN earnings call in November, referring to Great Canadian Entertainment and Gateway Casinos and Entertainment. “If opportunities presented themselves at the right time and the right price, we would definitely take a hard look at that. There would be synergies from an omnichannel perspective similar to what we’ve seen in the U.S.”

Vancouver council approves Parq Casino slots expansion

Vancouver’s Parq Casino will be able to increase the number of slot machines it hosts on its floor by 50% after Vancouver City Council narrowly approved the proposed expansion on Feb. 17.

At a public hearing on Tuesday, councillors voted 5-4 to allow Parq to add up to 300 more slot machines, taking its total capacity from 600 to 900. The casino and the British Columbia Lottery Corporation (BCLC) formally requested the expansion last year after the council voted in 2024 to amend an existing moratorium on casino expansion, thereby allowing the city’s brick-and-mortar gaming venues to apply for greater capacity.

“BCLC is pleased that the City of Vancouver has approved the expansion of  regulated options for Vancouver players,” a spokesperson from the crown corporation told Canadian Gaming Business. “This will help keep entertainment-spend local and generate additional municipal and provincial revenue to support public services and community programs, while doing so within a strong framework of player health, safety and community protection. ”

“Our mission is to revolutionize gambling entertainment through engaging experiences that build and benefit communities,” BCLC President and CEO Pat Davis told councillors at the hearing.

BCLC CEO says Parq is lagging behind

Adding 300 slots will be the biggest expansion of the Parq Casino floor since it moved to its current Smithe Street site in 2017. The change will not affect the maximum number of table games allowed at the location, which is 75, and will not require any extension of the physical premises. Parq said in its application that the 72,000-square-foot, two-storey casino has enough space for as many as 1,200 slot machines on its floor.

Speaking to councillors on Tuesday, Davis stressed that since Vancouver council implemented a moratorium on gambling expansion 15 years ago, the city’s population grew more than 20% while casino slot capacity remained the same.

“That means that many Vancouver players are leaving the city to play elsewhere because the casinos here are not meeting their expectations,” he said.

While several casinos already exist in B.C.’s Lower Mainland, with nine in the Metro Vancouver area, Parq is the only major venue in the downtown core, situated adjacent to BC Place stadium. BCLC and Parq have argued that the casino is operating far under capacity, and far below the level of some other Metro Vancouver casinos. For example, Grand Villa Casino in Burnaby has 1,300 slot machines, River Rock in Richmond has 1,100 and Cascades Casino in Langley has 1,000 slots.

“We know that most players potentially impacted by the requested change are already gambling, but are doing so outside of Vancouver,” Davis continued. “In fact, 71% per cent of BCLC’s gambling revenue from Vancouver players is actually flowing through other Lower Mainland casinos. That means, simply put, that the city is losing out on important revenue from its own residents.”

Parq projects $1M in extra revenue

In B.C., municipalities that host casinos receive 10% of the net gaming revenue from casinos within their jurisdiction. The City of Vancouver reaped $6.1 million from Parq in the 2024-25 fiscal year, and the casino projects that 300 extra slots will raise another $1 million per year.

Parq Casino Vice President of Marketing Karen Gray added that, as part of the application, Parq has also agreed to increase its payments to the province under an existing social responsibility agreement by $300,000 per year.

Several people testified in opposition to the expansion, mostly citing problem gambling concerns. Unite Here Local 40, a B.C. union for hospitality workers, claimed that more than 3,000 letters were sent to councillors opposing the expansion.

However, Coun. Lenny Zhou told the room on Tuesday that the worries were overblown.

“I feel there’s some fear mongering about this expansion,” said Zhou, who voted in favour of the change. “We are not building a brand-new casino. And even with the increase, the number of slot machines in this location, it is still much less than Burnaby, Richmond, even Langley.”

Light & Wonder launches iGaming content with Play Alberta

Global gaming provider Light & Wonder has announced that its iGaming content is now live on Play Alberta, a launch which means the supplier now has an online gaming footprint in every available Canadian province.

The company announced on Feb. 18 that its games are now live on Alberta’s government-run iGaming platform.

Play Alberta Senior Manager of Digital Gaming Curtis Van Brabant stated that Light & Wonder content will be a cornerstone of the Alberta Gaming, Liquor and Cannabis (AGLC) platform’s game inventory moving forward.

With Alberta added, Light & Wonder has completed a full rollout across all of Canada’s iGaming jurisdictions, an expansion that it said strengthens its North American footprint in both lottery and iGaming.

The company supplies games to numerous licensed operators in Ontario’s open market and already works with other provincial lotteries, including British Columbia Lottery Corporation (BCLC) and Loto-Québec.

Play Alberta gears up for stiff competition

Play Alberta is operated by AGLC as the province’s official regulated online gambling platform, offering casino games and sports betting to residents. It is currently the only authorized and regulated iGaming suite in the province, although that will soon change when Alberta officially opens its doors and allows commercial operators to begin play later in 2026.

When that does happen, projected to be around the start of this coming summer, AGLC will be the open commercial market’s regulator as well as continuing to run Play Alberta.

While the provincial government was laying the groundwork for launching an open iGaming market in 2024 and 2025, the crown corporation juiced up Play Alberta, launching its first-ever mobile app in late 2024 and unveiling a revamp of the overall brand and platform in early 2025.

AGLC reported that gaming activity on Play Alberta raised $275 million in net revenue in the 2024-25 fiscal year, up $35 million from the previous year. All of the money it makes goes back into the province in various forms.

While commercial operators such as DraftKings, FanDuel, BetMGM, Caesars, BetRivers and PointsBet prepare their Alberta applications, the provincial government estimates that around 70% of all iGaming play in Alberta currently occurs on unregulated platforms.

BetRivers hopes to be taking bets in Alberta before summer

Few iGaming operators have been as vocal about their excitement for the Alberta opportunity as Rush Street Interactive (RSI), and the BetRivers parent company hopes to be doing business in the province by the time summer rolls around.

“We’re excited about our upcoming launch in Alberta, where the regulatory environment is progressing toward a launch timeline that could occur in the coming quarters, sooner than we were anticipating during our last earnings call,” said CEO Richard Schwartz on an earnings call on Tuesday evening.

“This represents a significant opportunity for us to leverage our success in other North American online casino markets, particularly given our strong performance in Ontario and our established and growing brand recognition across Canada.”

Pressed to specify when he thought Alberta’s doors could finally open, Schwartz noted that things have taken decisive steps in recent weeks, with Alberta Gaming, Liquor and Cannabis (AGLC) publishing its regulations and opening the registration process for licensing. RSI has applied for a license for BetRivers in the province, as have several other operators.

“The timing is looking like it could be end of Q2, early Q3,” Schwartz suggested. That would put a launch at somewhere in the June or July ballpark. “Their regulators are moving at a very determined pace and it looks like Q2 opportunity is within the possibility, towards the end of that quarter.”

BetRivers has decent Ontario market share

While many large American gaming operators enter as many regulated online gambling markets as they can, regardless of whether certain states allow only online sports betting or both that and online casino, RSI executives have a more targeted approach.

Schwartz reiterated on Tuesday’s call that the company pursues a “selective, disciplined approach” to expansion, focusing on markets that offer both verticals. “We’ll continue to prioritize markets where we can deploy our full suite of gaming offerings and create meaningful value for both players and shareholders.”

Alberta will fit that bill. Ontario certainly did.

BetRivers has been live with online sports betting and casino in Canada’s only active regulated iGaming province since the early days in 2022 and has posted a string of impressive results in the market, which is a significant contributor to its topline. In October, RSI reported that BetRivers’ revenue in Ontario grew 24% for the quarter ended Sept. 30, 2025, its best performance in the province in nearly two years.

While iGaming Ontario (iGO) does not break down its revenue reporting by operator (after all, there are around 50 of those licensed in the market), company executives sometimes provide a snapshot of their standing.

“Our casino share in Ontario is kind of mid to low single digits, while sports is a little bit lower than that,” RSI President and Chief Financial Officer Kyle Sauers said on the Feb. 17 call. Given that BetRivers competes with more than 80 other licensed sites in Ontario (not to mention any unlicensed operators at play), that would seem like a fairly sizeable slice.

“We’re very excited about Alberta,” added Sauers. “We think we’re set up really well to be successful there. Every North American online casino market that we’ve launched in, we’ve been profitable by the fourth quarter of operations. And we don’t see a reason that that should be different with Alberta.”

iCasino-led RSI keeps on surging

Looking at RSI’s results through a wider lens, the company keeps posting impressive results quarter after quarter. The latest earnings update on Feb. 17 showed that for the fiscal year 2025, revenue was up 23% year over year to reach more than US$1.1bn (C$1.5bn) and adjusted EBITDA soared 66% to US$153.7m (C$210.5m).

North America and online casino continue to be primary growth drivers. North America revenue grew 25% for the full year, while iCasino revenue rose 28%. Across Ontario and RSI’s U.S. markets, monthly active users were up 37% to more than 278,000. For online casino only, that increase was even greater at 51%, the second-highest quarterly growth rate during the past 4.5 years.

The company said it added a record number of first-time depositors for the third straight quarter and its average revenue per monthly active user in Canada and the U.S. was US$33 (C$453) in the fourth quarter. RSI achieved this despite the fact that its adjusted sales and marketing expense was just 14% of revenue in Q4, down from around 17% a year earlier.

All in all, RSI’s net income was USD$74m (C$101m) in FY 25, more than 10 times the US$7.2m (C$9.9m) the company reported at the end of FY 24.

Schwartz called RSI’s 2025 “extraordinary,” noting the company broke records across virtually every key metric. The company is predicting FY 2026 revenue of around US$1.4bn (C$1.9bn) and adjusted EBITDA guidance of between US$210 million and US$230 million (C$288m to $315m), which would represent growth of between 21-26% and between 37-50%, respectively.

The guidance does not include the addition of Alberta.

Betty Casino adds Toronto FC and Argos to Ontario sports team partners

Online casino brand Betty has expanded its Toronto sports partnerships through new deals with Major League Soccer team Toronto FC and the Canadian Football League’s Toronto Argonauts.

Betty signed a landmark deal with those teams’ ownership group, Maple Leaf Sports and Entertainment (MLSE), last year which made the slots-focused operator an official online casino partner of the NHL’s Toronto Maple Leafs and the NBA’s Toronto Raptors. Now, it has expanded its collaboration with MLSE to include TFC and the Argos.

Betty said in a news release on Tuesday that the new partnerships will give Betty a major presence both in-venue at the teams’ BMO Field home and through digital media channels, including in-game interactive fan experiences and in-stadium activations on the Toronto stadium concourses.

The Toronto FC partnership launches this Saturday, Feb. 21, with the start of the MLS season, while the Argos partnership begins May 23 with a pre-season game in Hamilton, Ont.

Leafs and Raptors deals leveled up Betty’s presence

Betty Canada has added the new strands to its MLSE deal as it looks to capitalize on a year of surging growth in its Ontario gaming operations, and as it looks to enter Alberta when that province launches regulated iGaming later this year.

For now, Ontario is the slots-focused online casino operator’s only active market in Canada. Betty reported growth of around 200% in both revenue (up to around $38 million CAD) and active players (up to 134,000) in that province in 2025.

Betty Group CEO Justin Park said in an update last October that the company had “a breakthrough on brand” in the latter half of 2025, an increase in visibility and recognition that was likely boosted by the deal with the Leafs and the Raptors.

Speaking to Canadian Gaming Business at the time the MLSE deal was initially announced in June 2025, Betty Canada CEO Chavdar Dimitrov said the sponsorship was “a big step forward” for Betty.

“Putting our name next to Scotiabank Arena is a big achievement,” Dimitrov said at the time. “And with all the other names in the industry that are out there, it adds credibility to the brand. The MLSE opportunity came about at the right time. We ended last year strongly and decided we could afford it.”

Build it and the sponsorships will come

Canadian Gaming Business spoke to Dimitrov for another interview earlier this month, when the company confirmed its application to enter Alberta.

“We managed to improve our position very rapidly and significantly, moving from 15% brand awareness in March to 40%-plus in December,” Dimitrov said. “That was based on a number of initiatives we started, including out-of-home digital advertising from Q2 and the partnership with MLSE, which actually kicked in properly in Q4 of the season.”

Betty also gained visibility last year as a sponsor of the Toronto Film Festival (TIFF) and the Ottawa BluesFest music festival. “We spent quite a few marketing dollars on the brand itself, and the results were pretty decent,” Dimitrov added.

Betty to launch new iGaming vertical in Ontario

While Betty Canada steps up its marketing game, its current gaming operational focus is on slots-style casino games. But expansion is coming on that front, too. Dimitrov told Canadian Gaming Business that the company will add a new vertical in the coming months.

“It’s a new vertical that is going to put us in a different space, and we’re pretty excited about it,” he added. “We worked hard on that for the last 12-18 months.”

Dimitrov also confirmed what he first hinted to Canadian Gaming Business last year: Betty Canada is now “actively exploring” the retail gaming market.

“It’s somewhat limited in terms of what’s available out there and licenses, but we’re working on how we can penetrate that space as well,” he added. “We’re definitely interested in diversifying our portfolio with an omnichannel solution. We think there is room for innovation there as well, that we can bring our know-how from the online business into retail.”

Will Betty pursue Alberta sports sponsorships?

While Betty does not offer sports betting, it is one of a few brands in Ontario’s market that have shown the value of partnerships with sports teams even when your product focuses on casino.

After the initial success and now the expansion of the MLSE deal, could the operator follow the same playbook in Alberta?

“We’ll be doing a lot of localization,” Dimitrov added. “We don’t want to run the same promotions and everything. I’m sure there will be some cultural differences. But there’s a lot of travel between Alberta and Ontario. Our research shows that between 20% and 30% of people visit the other province. What we would like to deliver to our customers is a seamless experience.

“Betty was created for Ontario, but a lot of our conversations internally are about what comes next. In Alberta, we want the local support, the local marketing teams. Local partnerships are something we’ll look into. We have our playbook for market entry. Partnerships might not come in the first 12 months, but as we gain more traction, it’s definitely something to explore.”

Is regulating betting advertising the federal government’s responsibility?

The legislation that would task the federal government with establishing national guidelines for regulating sports betting advertising may have been approved by the Senate two years in a row, but not all Canadian politicians in Parliament are convinced it’s the right way to go.

Bill S-211 would mandate the Minister of Canadian Heritage to consult with federal and provincial government representatives and a range of stakeholders to develop nationwide standards. Particular focuses would be on identifying measures to restrict ads as deemed appropriate, assessing ways to promote research and intergovernmental information-sharing and establishing guidelines for the prevention and diagnosis of gambling harms and addiction.

Last week, the National Framework on Sports Betting Advertising Act got its first lengthy presentation since it passed the Senate in October, as members of the House of Commons offered their thoughts to start the second reading process.

Sports betting hindsight and foresight

During Senate debate in both 2024 and 2025, senators and representatives from mental health and youth support organizations cited several reasons for supporting the bill. Much of the debate focused on protecting minors and vulnerable people from exposure to betting ads.

MPs also voiced concerns that adverts for Ontario-licensed sportsbooks are beamed across the country despite only Ontario currently allowing commercial iGaming operators to do business in a regulated market. That is an argument that other provinces’ lottery crown corporations have been making since Ontario launched its commercial iGaming market in April 2022.

Presenting S-211 at second reading on Feb. 12, Liberal MP Bardish Chagger touched on many of the familiar points while noting that this June will mark the fifth anniversary of the legalization of single-event sports betting in Canada.

“Enough time has now passed since the expansion for its impacts to become increasingly visible,” she told the chamber. “We have the benefit of foresight here. We can see where this is heading, and we cannot stand by and let our country steer straight toward that iceberg by doing nothing.

“The ads we see that permeate every phone and television screen across the country are all from Ontario, the one province, for now, where private companies are allowed to operate and advertise. Constituents from coast to coast to coast are growing tired of and increasingly concerned by seeing advertisements pushing sports betting.”

Too many referees on the field?

Alberta will soon join Ontario in that regard and will also implement its own rules for how sportsbooks can market themselves. Since the national framework proposal was first introduced in mid-2023, the Canadian Gaming Association (CGA) has reiterated that it feels that federal intervention is an overreach, given that the Criminal Code bestowed responsibility for gambling regulation and management to the provinces back in the 1980s.

“Sports betting in Canada already has a referee on the field,” CGA President and CEO Paul Burns wrote in an op-ed last week. “Provincial regulators have been setting and enforcing rules for decades … Bill S-211 would add a second referee who has not been part of the play, creating overlap where clarity is essential and inviting a level of confusion that helps no one.”

Burns added that neither Ontario nor Alberta supports Bill S-211 and that the CGA recently unveiled a new Code for Responsible Gaming Advertising that he said complements provincial regulation rather than replacing it.

When does intervention become overreach?

Bill S-211 also mandates that federal ministers would need to consult with provincial and territorial gambling industry and gaming regulators to steer the federal standards. Suffice it to say that, like with a lot of contentious issues in Parliament, there are political tensions and partisan nuances at play.

Sébastien Lemire of the Bloc Québécois told the Commons that his party believes that sports betting advertising is a problem that needs to be addressed. But that, he said, is not the remit of the federal government.

“Canada is jumping headfirst into areas of jurisdiction that belong exclusively to Québéc and to the other provinces,” Lemire said. “It is not the federal government’s responsibility. The federal government ceded all jurisdiction over gaming to the provinces.”

Like all other provinces except for Ontario and Alberta, Québéc has not chosen to welcome in commercial competitors to its own governmental gaming operator, Loto-Québéc, despite vociferous lobbying for it to open up its market. Lemire noted that while he does not agree with the Ontario model, he respects that provincial government’s choice. So should the federal government, he told the chamber.

“In our view, this is another perfect example of Ottawa encroaching on a jurisdiction that is not its own,” added Lemire. “Québéc already regulates online gambling advertising. What the federal government wants to do here is tell us what to do and how to do it, as though we were incapable of doing so and as though every province did not have that ability.”

One-size-fits-all fits none

Conservative MP Philip Lawrence said Lemire raised “a terrific point.”

“The idea is good, I have no doubt about that,” Lawrence opined of Bill S-211. “But I’m hoping some work can be done in committee so that we do not just have a bureaucrat-led, one-size-fits-all solution; so that we bring in partners, so that we have agreement from the provinces and the premiers from coast to coast and agreement from the industry.”

For now, S-211 remains at second reading. At some point, a referral to committee will surely follow, at which point MPs will likely have more specific recommendations about how to proceed — as well as many more questions.

“We know that the intention was to give provinces and territories jurisdiction,” acknowledged Chagger. “But certain provinces have imposed on the space of other provinces and people are seeing advertising across the country.

“We ask whether that is a responsibility of the federal government. If it is, let us do something about it.”