Search
Choose a style
Dark
Light

Ottawa Senators captain Tkachuk says irate bettors ask him for money

Amid high-profile incidents of athletes speaking out about the harassment they receive from disgruntled gamblers, Ottawa Senators captain Brady Tkachuk revealed this week that he has repeatedly received payment demands from strangers who want him to reimburse money they lost betting on his performances.

Tkachuk told ESPN’s Greg Wyshynski that he had to lock down his public Venmo account because of the number of messages he got from people asking him to cover their losses on player prop bets.

This has become an all-too-common trend fueled by the popularity of player props, wherein bettors back certain players to hit (or miss) certain metrics. When those bets don’t cash, some bettors seem to think the athlete is to blame.

“Not even winning or scoring, it was like my shots or my hits,” Tkachuk said of the kind of wagers he was hearing about. “I eventually had to change my name because my Venmo, I had it in college, there was a selfie of me and my name. People got ahold of that, so I had to change my name on it and take down my profile picture.”

While messages on social media or other platforms range in tone and intent from light-hearted to genuinely abusive, it’s trending in a concerning direction.

‘You really think I care about your parlay?’

“Honestly, I think it’s funny,” Tkachuk added. “People really think I’m going to send them money if I didn’t make the shots? I’m more pissed that I didn’t win the game or score, whatever it may be. I could care less about not hitting the 4.5 or whatever the cover is for the bet.

“You really think I care about your parlay? It’s pretty funny that people get so emotional about that stuff.”

Tkachuk stressed later in the interview that he never sent anyone money as a result of the requests. “I wouldn’t be playing in the NHL, because that’s breaking a lot of rules.”

Tkachuk likely takes a light-hearted view of it because, in his case, it’s been relatively harmless. But we’ve seen numerous incidents in recent times, mostly south of the border, in which there has been more than enough stark evidence that things can get all too real very quickly.

Lost bets lead to rough threats

Last October, the U.S. National Collegiate Athletics Association (NCAA) and data partner Signify detailed that more than 5,000 public social media posts directly abused college athletes, coaches or officials over the space of a few months, a significant proportion of which were tied to wagering. Those were just the public posts, let alone DMs or other out-of-sight communications.

In December, a report found that around half of online abuse towards tennis players came from “angry gamblers,” and numerous pro players have reported such messages. The issue reared its ugly head again just this month when Ukrainian tennis player Elina Svitolina said she received abuse from bettors, including death wishes, celebrations of Russian anti-Ukrainian violence and racial slurs against her husband, French tennis player Gael Monfils.

Houston Astros pitcher Lance McCullers Jr. said in May he had to hire 24-hour security after his family received threats that police determined came from intoxicated gamblers. In the same month, Boston Red Sox’s Liam Hendriks revealed he and family members were threatened with death over lost wagers.

“We really do get death threats,” said Brooklyn Nets player Michael Porter Jr. Porter is the brother of former Toronto Raptors player Jontay Porter, who was banned by the NBA and faces criminal charges for his part in a betting scheme on his own games.

Meanwhile, FanDuel banned a bettor in June who recorded himself heckling Olympic gold medalist Gabby Thomas in-person at a track event in Pennsylvania.

“My worry is that a player gets assaulted or killed or something,” said Hendriks’ Boston teammate Lucas Giolito in July. “Because I am well aware that gambling addiction ruins people’s lives, so you never know if someone’s in a drastic state, what they could get into.”

Giolito noted he took it upon himself to speak directly with MLB Commissioner Rob Manfred about sports betting-related athlete abuse, and said the executive was “taken aback” when the athlete described the levels of betting-related abuse that players receive through social media.

If Manfred were paying attention, he shouldn’t be surprised.

High Roller fixes eyes on ‘transformative’ Ontario launch

As it prepares for a launch in Ontario that its CEO expects to be “transformative” for its business, online casino operator High Roller Technologies believes it has the brand and operational strength to make a splash in the crowded province.

The Las Vegas-headquartered company is awaiting sign-off from the Alcohol and Gaming Commission of Ontario (AGCO) after applying to the regulator in May to enter Ontario’s regulated iGaming market. Once it gets the green light and signs an agreement with iGaming Ontario (iGO), it will be able to step into one of the most lucrative online casino-heavy markets in North America.

High Roller CEO Ben Clemes said on a company earnings call on Tuesday that things are looking good for an Ontario launch in the final quarter of 2025, pending regulatory approvals.

The company’s focus in the province will be on leveraging its online casino-centric brand to capture a share of what it labels a $2.5 billion market.

As well as launching in Ontario, the company plans to refresh its flagship High Roller brand and its secondary Fruta brand and add an unspecified third brand to its portfolio. It will also strengthen its geolocation and compliance, add hundreds of new games to the library, optimize its strategy to improve its economies of scale, and ultimately launch in Alberta when that province opens a dual online sports betting and online casino market in 2026.

Ready to make a splash in a deep pool

High Roller offers more than 5,600 games from over 90 game providers, which it says is one of the widest online casino game portfolios in the world. It offers products such as video slots, blackjack, roulette, baccarat, craps, video poker and more.

In preparation for its Ontario launch and its broader expansion, the company has put together a new executive team below Clemes, which includes Seth Young as chief strategy officer and Carlo Scappaticci as managing director of Canada. It has also partnered with a number of renowned service providers in Ontario. It will use Playtech’s tech platform, Xpoint’s geolocation services, Kinectify’s AML compliance tools and CheckIn’s ID verification capabilities.

Young outlined that with a clear casino-focused brand name and strong operational foundations, High Roller is confident of making waves in a market that already hosts more than 50 online gaming operators running more than 85 sites.

“Ontario is the sixth-largest regulated online gambling market in the world, it has a total addressable revenue opportunity of roughly $2.5 billion and counting,” Young said on the earnings call. “Almost 75% of that is casino revenue as opposed to sports betting revenue. It’s also growing every day.

“We’re a casino-led brand. We have one of the best brand names I’ve ever seen. Our product is super strong. The Canadian player is educated. And typically, casino-led brands backed by strong operators have shown a proclivity to over-index their fair market share of the casino portion of the total addressable revenue opportunity in these markets. So we definitely believe we’re going to be successful in Ontario and then eventually in Alberta following that.”

Young noted that it’s too early for High Roller to provide any guidance about what its potential revenue could look like for Ontario, but Clemes said the launch will be “transformative” for the company. Both executives noted that, as well as launching its third brand, the company is exploring other strategic opportunities for further expansion.

‘Complete turnaround’ in financial fortunes

Clemes and Young were speaking as High Roller reported a Q2 2025 that brought “a complete turnaround.”

EBITDA moved into the black at $362,000 USD, reversing a Q1 loss of $2.5 million USD and representing a year-over-year improvement of 138.9%, while revenue rose 19.5% YOY to $6.9 million USD. Executives said the results were driven by a 12% increase in net gaming revenue and better strategic cost management.

Average revenue per user rose by around 80% from Q1, boosted by refocusing marketing spend in key markets and a focus on acquiring more high-value users, while operating expenses and cash burn fell significantly. Chief Financial Officer Adam Felman said that each customer wagered an average of nearly $8,000 USD in between April 1 and June 30.

OLG partners with Woodbine to launch online horse racing betting

Ontarians‘ limited range of options for betting on horse racing just got a little bigger, and more could be coming.

Ontario Lottery and Gaming Corporation (OLG) and Woodbine Entertainment Group (WEG) announced a deal on Tuesday that allows OLG to offer online and mobile parimutuel betting on live races, making it the first Canadian provincial lottery and gaming agency to do so. The offering was live on OLG’s digital platforms as of Tuesday, Aug. 12.

The largest horse racing operator in Canada, Woodbine Entertainment is also the only company that is federally authorized to offer betting on horse racing in Canada. All such wagering must be parimutuel wagering, wherein players pay wagers into a shared pool and winners share the pot, as fixed-odds betting on horse racing is illegal at a federal level.

OLG and Woodbine worked together to develop the new offering. While OLG’s iGaming site and PROLINE+ digital sportsbook will host the betting markets, WEG will operate and manage them via a plug-and-play integration of its horse racing betting product, powered by its owned-and-operated platform HPIbet.

“We are excited to offer access to this experience to our online players, providing another way for them to engage in the thrilling sport of horse racing,” said Dave Pridmore, the crown corporation’s chief gaming officer. “This collaboration represents an important step in our mandate of supporting the sport and a vibrant, competitive and sustainable horse racing industry in Ontario.”

Woodbine already teamed up with Bet365

Woodbine Entertainment hosts thoroughbred horse racing at Toronto’s Woodbine Racetrack and standardbred racing at Woodbine Mohawk Park in Milton. The company is run without share capital and is mandated to financially invest all profit back into the horse racing industry and the province.

While OLG is the first Canadian lottery to partner with WEG and move into online horse racing wagering, it’s not the first authorized online sportsbook to do so.

Woodbine Entertainment struck the first deal of this kind with Ontario-licensed Bet365 in 2023, and the British sportsbook has been the only regulated iGaming operator to offer parimutuel horse racing wagering in the province ever since. Bet365 developed its own product that uses WEG data, while OLG’s offering is a different plug-and-play interface created in partnership with Woodbine.

“This launch brings the excitement of horse racing to even more people across the province in a convenient and modern way — enhancing the experience for bettors while driving new interest in our sport,” said Woodbine Entertainment CEO Michael Copeland of the OLG deal. “It’s another step forward for the growth of horse racing in Ontario, and we’re grateful to OLG for their continued support and willingness to collaborate and innovate alongside us.”

WEG in talks with other sportsbooks

Tuesday’s announcement from OLG and Woodbine stated that the plug-and-play solution could potentially be used by other gaming operators in Ontario to offer racing to their own customers.

Woodbine Entertainment plans to offer its white-label betting interface to other sportsbooks that have been approved by the Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario (iGO). Each integration would have its own unique aspects, adapting WEG and HPIbet’s interface to suit the operator’s own needs.

The company is actively in discussions with other licensed operators. It has garnered interest from potential partners, but no further finalized deals are imminent as of the time of writing.

So, for now, if Ontarians want to bet on a live horse race online or on their phone, Woodbine’s HPIbet, Bet365 and OLG are the only government-approved options.

Why esports betting has gone from niche to necessity

By Kieran O’Connor

Esports is no longer just a niche corner of the internet. It has evolved into a cultural juggernaut, reshaping not only sports and entertainment but also the betting industry. 

What was once viewed as a subculture of avid gamers has become a global phenomenon with millions of fans, players and growing revenues. 

According to Business Research Insights, the global esports betting market size was approximately $510 million USD in 2024 and is projected to grow to $2.41 billion USD by 2033. North America is set to play a significant role in this growth, acting as the base for some of the most influential organisations, companies and operators to maximize this forecasted growth.  

These industry stakeholders are now working together more closely than ever, as esports and betting expert Cody Luongo told Canadian Gaming Business

“Esports went through a period of right-sizing the last two or so years, and we’re now seeing closer collaboration happening between game publishers, teams, and event operators who are partnering to grow the industry in a more sustainable manner,” Luongo said. 

While COVID-19 paused many sports globally, esports kept playing. With traditional sports sidelined, fans flocked to digital arenas, driving a meteoric rise in the sector. However, as the world returned to normal, that rapid growth couldn’t be fully sustained, leaving many organizations to feel the brunt of the impact.

What doesn’t kill you makes you stronger

Luongo explains that while the esports industry came to terms with profitability concerns, gaming consumption “never slowed down,” adding that it continues to be the preferred form of entertainment for many millennials and the majority of Gen Z. 

Moritz Maurer, CEO of GRID Esports, echoes this perspective, telling Canadian Gaming Business that titles such as VALORANT and R6Siege are driving the competitive ecosystem and attracting new fans and players. 

GRID added Riot Games, the developer of VALORANT, to its partnership portfolio in late 2023. The deal allowed the data provider to deliver official, real-time in-game data, which is essential for operators. 

In addition to this agreement, Riot Games also made headlines after it announced esports organisations would be allowed to partner with gambling companies. Luongo says that development was seen as a “big deal” for stakeholders, especially given that Riot Games is often viewed to be on the conservative end of the betting spectrum. 

The impact of this announcement is far-reaching, providing teams with vital funding, enhanced visibility, and betting propositions helping to boost viewership, engagement and content creation within esports, much like it does in traditional sports.

Sustaining a mainstream push

Esports is gradually shaking off the “not a real sport” stereotype as it gains wider acceptance, especially as generations more accustomed to the sector grow older. However, traditional sportsbooks remain hesitant, with many stakeholders still “missing the forest for the trees,” as Luongo puts it. 

While esports as a standalone market may seem small compared to traditional sports and casino betting, Luongo believes its role in a broader sportsbook offering is crucial.

“As these digitally native consumers make up a larger portion of the market, esports will become more of a necessity than an accessory.”

GRID plays a key role in helping esports transition into more mainstream markets, with Maurer describing data as “the fuel of betting markets.” 

The company’s mission is to make esports as bettable and accessible as any traditional sport. However, Maurer acknowledges there are challenges, particularly when it comes to integrating esports into existing platforms. “Esports titles differ from traditional sports, and educating both the operator and the end user is a crucial part of making the experience intuitive.” 

The GRID CEO highlights how data can help overcome these hurdles, describing data as “the connective tissue between the game and the audience.”

As traditional sportsbooks continue to test the waters of esports, a new wave of digital-first operators is stepping in to seize the opportunity. These upstarts are targeting a different kind of bettor; one who, according to Luongo, has “very different entertainment and consumption habits from the conventional sports bettor who is now in their 40s or 50s.”

A natural fit for modern betting

With this new audience in mind, some leading esports operators have shifted their marketing away from traditional mass media to platforms where these new digital-native consumers. 

“On one hand, you have viral-engineered marketing and stunts that can permeate quickly and far across channels like X,” Luongo explains. “On the other, Discord and Telegram are being used to build loyal and engaged communities as a two-way communication channel.

“This is a space where player value is absolutely critical. Consumers have a near limitless amount of sportsbooks to choose from, so finding ways to reward them — either through community-building efforts or new technologies — can create major competitive advantages.”

“The opportunity in this segment is larger than the actual size of the market today.”

This community-first mindset isn’t just a marketing tactic; it reflects a growing belief among digital-first operators that success in esports betting hinges on more than just odds and outcomes. It’s about delivering a cohesive experience tailored to an audience with different expectations and behaviours.

“The point is that finding the value in esports partially relies on delivering the full experience across product, marketing, and brand,” says Luongo. “And, importantly, that the opportunity in this segment is larger than the actual size of the market today.”

Maurer also believes the future is bright, suggesting that esports games are naturally attractive to the emerging, new betting audience that oftentimes eludes bookmakers across established channels. 

With regulatory momentum building and infrastructure maturing, he says, “esports is becoming a natural and permanent extension of the global betting landscape.”

This story first appeared in the Summer 2025 issue of Canadian Gaming Business magazine.

Canada and US in the spotlight at SBC Summit 2025

The Global Markets Stage at SBC Summit 2025 will conclude with a focused look at North America’s complex sports betting and iGaming market.

Taking place on Thursday, Sept. 18 at the Feira Internacional de Lisboa (FIL), the Global Markets: North America track will round off three days of market-focused content covering Latin America, Western Europe and North America.

The U.S. and Canadian markets are shaped by fierce competition, patchwork regulation, and steep entry costs. Yet, for those able to stand out and innovate, the long-term upside is significant.

Industry leaders representing operators, regulators, affiliates, and suppliers will take to the stage to discuss the rise of alternative betting formats in the region, including sweepstakes casinos, daily fantasy sports (DFS) and peer-to-peer betting.

While these formats have allowed new entrants to gain market share, they’ve also attracted regulatory scrutiny. Panellists will explore whether these models offer genuine long-term potential or are likely to be curtailed by new regulations.

“North America may be a maturing market, but it remains one of the most commercially important regions for sports betting and iGaming,” said SBC Founder and CEO Rasmus Sojmark. “With regulatory progress slowing in key states, new market entrants are turning to alternative betting models to maintain momentum and explore fresh opportunities.

“Attendees at our North America track will leave with a clear view of which of these formats are working, what’s driving their growth, and the regulatory challenges alternative models must navigate if they are to have a lasting impact in this region.”

The track will open with a heavyweight panel featuring leading voices from across North America.

US Leaders Panel: Sweeping the States – The Rise of Alternative Betting will see Jared Beber (CEO, Bet99), Paul Burns (CEO, Canadian Gaming Association), Brett Calapp (Co-Founder, RareMint), Paris Smith (CEO, DefyTheOdds), Dinos Stranomitis (COO, Altenar) and Alexandre Tomic (CEO, Alea) discuss the booming popularity of alternative betting models amid a slowdown in U.S. states legalizing online gambling. Moderated by Jessica Welman (Managing Editor, SBC Media), the panel will explore whether this trend has staying power or faces an imminent regulatory clampdown.

Sweepstakes Boom – Sustainable Growth or Short-Lived Trend? will examine the rise of sweepstakes and live casinos across the U.S. and ask whether the rapid adoption of these offerings may pave the way for a lasting market. The panel will see Yoel Chapman (CPO, Soft2Bet), Marcello De Crescenzo (Senior Account Executive, Optimove), Brian Goodman (CEO, Golden Matrix Group), Karolina Moscicka (COO, BugsyEmpire) and Dmitry Starostenkov (CEO, EvenBet) assess if and how these formats could build a lasting model under responsible frameworks.

The Social Side of Betting – Peer-to-Peer, Gamification & Community will explore another fast-growing trend in the region: peer-to-peer wagering. The panel will examine whether the social side of these platforms could reshape how players engage with betting. Hebert L Luiz T Crespin Gaban (CMO, Aposta Ganha), Horst Maberly (Head of Gaming Investments, Lance East Office), Monica Rangel (VP Marketing & Strategy, A5 Labs), Marion Ryan (Managing Director, Tombola) and Josh Turk (Chief Strategy Officer, North America, Low6) will discuss what’s driving the rise of peer-to-peer models, how they’re fostering player communities and which regulatory hurdles could limit further growth.

The track will conclude with Tribal Gaming: Blurred Lines or Commercial Collaboration?, a discussion on how alternative betting formats are impacting North America’s tribal gaming sector. Tony Amormino (CEO, Apache Nugget Corporation), Robert Davidman (CEO, World Golf Series), Will Griffiths (Founder, Investor & Tribal Partner, Level Media), and Jamie Hummingbird (Chairman, National Tribal Gaming Commissioners & Regulators) will consider whether these formats could open new avenues for growth or present challenges for the tribal gaming community.

Secure your ticket to SBC Summit 2025 today

Choose from three SBC Summit pass types: VIP Event Pass, Expo+ Pass or Expo Only Pass. Please note that an Expo Only Pass does not include access to conference panels.

Take advantage of our Group Pass discount to get tickets for just €400 each instead of the standard €600 rate when you buy three or more passes.

Operators and affiliates may be eligible for a complimentary pass — simply apply and allow up to three working days for our team to process your request.

Mohegan touts its Ontario advantage as PlayFallsview grows

Fallsview Casino Resort and Casino Niagara operator Mohegan says its omnichannel presence in Ontario offers it a competitive advantage in the crowded province after its PlayFallsview online product posted big increases in gaming activity and revenue last quarter.

Reporting its financial figures for the three months ended June 30, 2025, Mohegan reported that its digital operations in Ontario grew strongly year over year.

PlayFallsview’s wagering handle rose 86% from the same period last year, while gross gaming revenue climbed 79%. Deposits nearly doubled, up 91%, monthly active users (MAUs) rose 71% and average MAUs ticked up 5%.

Mohegan has operated PlayFallsview in Ontario’s regulated online gambling market since September 2022, offering both online casino games and online sports betting.

In its quarterly earnings deck, Mohegan said its “position as the only brick-and-mortar operator with a dedicated digital product creates a sustainable competitive advantage in the Ontario iGaming market.”

That framing isn’t entirely iron-clad, as Las Vegas giant Caesars Entertainment offers three online gambling platforms in Ontario as well as operating the Caesars Windsor casino. There’s also Ontario Lottery and Gaming (OLG), which contracts casino operations to companies like Mohegan and Caesars while running its PROLINE sportsbook and other online gaming. But, unlike Caesars Sportsbook & Casino, Caesars Palace Online Casino and Horseshoe Online Casino, PlayFallsview is specifically and purely tied to Mohegan’s Ontario casinos.

Mohegan Digital bucks general trend of declines

While Connecticut-based Mohegan’s latest quarterly results showed declines in land-based gaming and entertainment performance across all markets, its Digital branch bucked the trend by posting strong gains across the board.

Online gaming revenue was up 61.2% year-on-year to $67.5 million USD ($92.8 million CAD), with adjusted EBITDA and net income both increasing by around 48% to approximately $34 million USD ($4 million CAD).

CEO Ray Pineault said on the call that the digital business’ “strong and profitable growth” can be attributed to the increase in hybrid players and the way that Mohegan has strategically leveraged its omnichannel platform, he said.

“As we continue to execute on our strategy to be a premier omnichannel enterprise, digital continues to be an important driver of omnichannel expansion,” added Pineault.

In June, Mohegan completed a comprehensive refinancing of its capital structure that Pineault said further supports the company’s long-term growth and transformation of its digital business into a standalone operating company that will provide greater strategic flexibility. The CEO said Mohegan can now put its full focus on omnichannel delivery.

Niagara resorts seeing higher traffic

As for the land-based casinos that PlayFallsview is tied to, Chief Operating Officer Joe Hasson noted that at the company’s two Niagara, Ont. resorts, both gaming and non-gaming revenues were flat compared with the prior year.

However, he said that the two Niagara resorts experienced higher volumes in the current period.

Mohegan executives didn’t offer their thoughts on why that is, but those upticks in visitation to Canadian resorts have also been reported recently by the likes of VICI Properties and Century Casinos.

At the end of July, the CEOs of MGM Resorts International and Caesars Entertainment both referenced declining Canadian visitation as a factor in a more general trend of falling foot traffic. VICI owns four Century-operated casinos in Alberta, and its President and COO John Payne suggested that increased business at those venues could be due to the fact that “Canadians are staying at home and visiting the local assets there” rather than traveling to Vegas or elsewhere south of the border.

Century leaders were asked about that on their earnings call on Aug. 7 and Chairman and Co-CEO Erwin Haitzmann ventured that “it may well be that these people say, ‘well, we’d rather sit in the car and drive as opposed to flying to Vegas.”

US exit will help Super Group build on cross-Canadian growth

Multi-brand gambling operator Super Group continues to post strong growth across Canada, particularly outside Ontario, and its withdrawal from the U.S. market only strengthens its hand north of the border.

That was the message from CEO Neal Menashe, speaking on the Betway, Jackpot City and Spin Casino parent company’s quarterly earnings call on Thursday, Aug. 7.

For the three months ended June 30, 2025, Super Group “exceeded our own expectations” by setting new quarterly records in both revenue and adjusted EBITDA. Total revenue hit a new high of $579 million USD ($796.4 million CAD), up 30% year over year, and adjusted EBITDA reached a new benchmark of $157 million USD ($215.9 million CAD), representing surging growth of 78%. Adjusted EBITDA margin rose to 27%, another record.

Menashe said the results were down to factors including favourable sports outcomes, smarter pricing and continued traction of its Bet Builder parlay product, robust casino acquisition and retention and stronger marketing effectiveness.

He also said that Super Group has been prioritizing more profitable markets by reinvesting heavily in the jurisdictions in which it performs best, including Africa and Canada.

Ontario ‘below expectations’ but cross-Canada growth strong

Super Group has five licensed online gaming brands in Ontario, the sports betting-only Betway and four online casinos.

Those five sites are among the 85 online gambling platforms that compete for players’ dollars and market share in what is the most crowded iGaming market in North America.

In the quarter just ended, Super Group’s Ontario revenue grew 5% year-over-year despite what Menashe called “ongoing elevated marketing spend from competitors.” In the first quarter of the calendar year, that uptick in the province had been just 2%.

Although Menashe suggested that better digital marketing and continued customer engagement helped fuel the quarter-over-quarter improvements, he admitted that the company’s growth in Ontario is “still below our expectations.”

Meanwhile, outside Ontario, Super Group is active in the grey market and is reputedly Canada’s commercial market leader, per H2 Gambling Capital data provided to Canadian Gaming Business last fall.

In the non-Ontario provinces, where the government-run iGaming platforms are the only ones formally approved, Super Group’s revenue surged 22% year over year last quarter as the company expanded its product and enjoyed higher customer retention. While sports betting revenue was flat across Canada, online casino revenue rose by 20% across Canada and by 24% when excluding Ontario.

US exit will fuel Canadian growth, says Menashe

Menashe said the decision announced last month to shut down all remaining U.S. operations was centered on a desire to focus more on the markets where it has made the biggest impact.

“Changing dynamics in the U.S. market, including the recent tax increase in New Jersey, led us to this decision,” he said on Thursday.

“We’ve always said there’s been a high cost in the U.S. to make an operating profit. We looked at it and said, actually, the opportunity cost of trying to support our product in that market to try to get to breakeven is much better to go into our other markets. We have now got the extra resources because of the U.S. closure to focus on the product in [Canada]. You can see the rest of Canada is doing really well.”

The company expects the exit in the U.S., where the company has still been running online casino in some states after pulling Betway from the market last year, to cost around $69 million CAD. But it expects around $82.5 million CAD in cost savings in the second half of 2025 as a result of the move.

As for what comes next, Super Group has just hired its first-ever chief technology officer. And it plans to convert its longstanding grey-market presence in Alberta into licensed operations when that province launches regulated iGaming next year, just as the company did in Ontario in 2022.

Super Group certainly has the money to make a strong continued push in Canada. It ended the quarter with $540 million CAD in unrestricted cash and no debt, and has raised its FY25 ex-U.S. adjusted EBITDA guidance midpoint by more than $30 million CAD to $694 million CAD. Once the U.S. closure is complete, it expects total adjusted EBITDA to be around $650 million CAD, including the U.S. loss.

PENN cites nearly $4M in severance costs after theScore layoffs

The CEO of theScore parent company, PENN Entertainment, said the firm took a hit of around $4 million as a result of its recent layoffs.

PENN eliminated dozens of content, sales and other staff at the Canadian sports media and gaming company in mid-June. More than 75 employees were let go and given severance packages, cuts which roughly halved the size of the brand’s editorial newsroom and also impacted the sales team.

A PENN spokesperson told Canadian Gaming Business on June 20 that the changes “reflect the ongoing evolution of our digital business” and its online strategy. PENN continues to lean theScore into the online sports betting, online casino and other gaming verticals.

Speaking on an earnings call on Thursday to recap a quarter which produced record gaming revenue for PENN Interactive, which also includes ESPN Bet and the standalone Hollywood Casino app in the U.S., CEO Jay Snowden addressed the recent downsizing. He noted that “approximately $2.9 million [$3.9 million CAD] in severance costs incurred as part of our strategic workforce adjustments to drive efficiencies and support a modern scalable technology infrastructure.”

“Excluding that one-time expense, we would have come in slightly ahead of the midpoint of our digital Q2 guide and consensus,” he added.

The layoffs at Toronto-headquartered theScore came after PENN implemented multiple rounds of layoffs in the second half of 2024 at its U.S.-facing sportsbook ESPN Bet.

Felicia Hendrix, EVP and CFO, added that in the long-term, PENN expects to see run rate savings in general and administrative expenses of approximately $27.5 million CAD, roughly $13.7 million CAD of which will come in the second half of this year, “as a function of our strategic workforce adjustments.”

PENN underlines theScore’s digital evolution

PENN acquired Canadian legacy sports media company theScore from the Levy family in October 2021 for around $2 billion USD. theScore Bet was already live in New Jersey at that time, and launched on day one of the regulated Ontario market in April 2022.

But the new owners quickly shut down theScore Bet’s American operations on July 1, 2022, to focus on the brand’s home Ontario market, and the parent company launched the ESPN Bet venture with Disney in 2023 to replace its previous U.S. online betting brand, Barstool Sportsbook.

theScore Bet offers both sports betting and online casino across Ontario, and PENN this year launched a standalone theScore Casino app. Snowden said earlier this year that Ontario is PENN Interactive’s number-one market in North America in terms of revenues, gross profit and contribution margin.

iGaming Ontario (iGO) does not break down market share figures by operator, but PENN executives have suggested in the past that theScore Bet has a double-digit market share in the province.

PENN Interactive nears profitability as Alberta awaits

Snowden was speaking on Thursday after PENN announced its best quarter ever for online gaming. Interactive revenue for the three months ended June 30 grew by 35.9% year over year to a record $434.3 million CAD, including a tax gross-up of $189.5 million CAD. For the first six months of the year, Interactive revenue is at $833.2 million CAD, 37.7% higher than last year.

Overall, PENN Interactive is still making a loss, but the deficit is shrinking. Adjusted EBITDA was still in the red at a loss of $85 million CAD, but this was 39.7% better than this time last year. Year-to-date adjusted EBITDA is around half of what it was through the first six months of 2024.

Monthly Average Users (MAUs) were up 4.7% year over year and the always-stronger iCasino segment saw 49% growth in MAUs with PENN vaunting record cross-sell efforts from its online sports betting business.

While Snowden noted “there’s still plenty of work to do,” PENN is forecasting that its North American online sports betting and online casino operations will be EBITDA-positive for the first time in the fourth quarter of this year. That takes into account extra costs such as higher tax rates in states including New Jersey and Illinois and the launch of sports betting in Missouri in December.

PENN also intends to launch theScore Bet in Alberta when that province starts letting commercial operators do business, touted to be early 2026. Snowden was asked on Thursday whether the cost of launching online sports betting and online casino in Alberta, assuming theScore is granted a license, would threaten its profitability target.

“It would not,” Snowden responded. “When I say profitable in ’26, we know that Alberta’s going to launch at some point in, we think, early ’26 from what we’ve been told. So that’s built into our assumptions. We’re targeting right now Q1 [2026], which is the best information we have.”

After Ontario approves Betr bid, MIXI files final PointsBet takeover offer

The three-way back-and-forth-and-back between PointsBet and its two takeover suitors, MIXI and Betr, continued this week with updates from all sides as a conclusion to the saga seemingly draws near.

First, at the start of the week, PointsBet’s fellow Australian sportsbook Betr announced it had received overwhelming support among its own shareholders for a key step in its proposed takeover of PointsBet.

More than 75% of Betr shareholders indicated they would support a Selective Buy-Back Resolution, a key step in the company’s all-share, off-market offer to buy PointsBet. That resolution will be put to a formal vote at a shareholder meeting scheduled for Aug. 25.

Under the proposal, the buy-back would be available to all eligible PointsBet shareholders who accept Betr’s takeover offer. Betr Chairman Matthew Tripp said the “decisive” support for the buy-back should instill further confidence in PointsBet shareholders that it will proceed as announced.

Ontario gives green light to Betr bid

Betr also confirmed that all relevant Canadian authorities, including Ontario’s market regulator the Alcohol and Gaming Commission of Ontario (AGCO) and the market’s conduct-and-manage agency iGaming Ontario (iGO), have approved Betr’s potential takeover of PointsBet. PointsBet offers online sports betting in both Australia and Ontario, and the Canadian regulated gambling province is its only online casino market.

Betr’s offer includes a provision to sell PointsBet Canada‘s assets, including all current and future Canadian operations and market licenses, customer databases and intellectual property, to Hard Rock Digital for approximately $40 million CAD.

Betr maintains that its all-stock offer, which proposes to exchange 4.22 Betr shares for every one outstanding PointsBet share, provides the best long-term value for shareholders. But PointsBet’s management doesn’t think so, rejecting the offer and countering that Betr’s “less valuable and volatile VIP-heavy customer base,” horse racing-heavy betting business, and large existing crossover between the two sportsbooks’ customer bases limit the appeal.

MIXI raises stakes in final offer

Days after that Betr announcement, MIXI raised the stakes one last time.

The Australian arm of the Japanese entertainment firm upped its bid to $1.25 AUD per PointsBet share and has declared its offer to be unconditional, waiving the earlier 50.1% minimum acceptance condition. The new offer, which MIXI says is its last, implies an enterprise value of $419 million AUD ($375.7 million CAD).

The offer remains open until the evening of Aug. 25, and MIXI said it will pay PointsBet shareholders who accept by Aug. 29 or within 10 business days of acceptance.

“MIXI Australia reserves the right to increase the offer consideration if it acquires more than 50 per cent of PointsBet shares,” the company stated.

Once again, PointsBet directors have accepted MIXI’s offer and unanimously recommend that its shareholders do the same “in the absence of a superior proposal.” MIXI has also already received the requisite approvals from Ontario, as well as the green light in Australia.

Both companies have flags in the ground

Both offers concern only the remaining outstanding shares in PointsBet, as each of MIXI and Betr has a significant stake in the operator already.

Betr was previously the company’s largest single shareholder at just short of 20%, but MIXI has been quietly building up its own holding and owns 28% of PointsBet shares as of the time of writing, per a company filing.

GeoLocs and Shufti partner on iGaming geolocation and ID verification

Geolocation specialist GeoLocs has partnered with identification verification provider Shufti to deliver what the two companies describe as a “seamless and secure” user experience for operators and players alike in regulated online gambling markets around the world.

Shufti will integrate its ID verification technology with GeoLocs’ geolocation pinpointing capabilities to ensure operators can onboard players faster while remaining fully compliant with regulations. Customers will face reduced friction in the registration and verification process, for an overall smoother journey from sign-up to gameplay.

The aim is to ensure that as iGaming regulatory frameworks continue to evolve in markets like Ontario, and as more jurisdictions such as Alberta open up commercial online gambling markets, operators have access to integrated tools that deliver high standards of security, compliance and user experience to satisfy both regulators and players.

Shufti offers AI-driven know your customer (KYC) and anti-money laundering (AML) solutions to help businesses across industries verify users in real-time and comply with international regulations. It has a presence in more than 230 countries and territories.

“We’re proud to be teaming up with GeoLocs to support operators in delivering frictionless onboarding and a high level of regulatory compliance,” added Roger Redfearn-Tyrzyk, SVP of sales at Shufti. “Our joint capabilities mean operators can verify users quickly and accurately while GeoLocs ensures they are playing from permitted locations – creating an end-to-end experience that puts both security and user satisfaction first.”

“We’re excited to be working with Shufti to bring a more seamless, secure experience to clients and players alike,” said GeoLocs Commercial Director Will Whitehead. “Both of our technologies have been built with compliance and UX at their core, and this partnership allows us to combine strengths – making onboarding and verification faster, smoother, and more robust for operators in regulated markets.”

GeoLocs has significant Canadian presence

GeoLocs, developed by mkodo, is a geolocation technology provider purpose-built for iGaming, sports betting and lottery industries. It has more than 13 years of experience in helping operators verify player location with precision, empowering them to operate confidently in regulated markets across the globe.

GeoLocs processes over 18 million location checks daily and supports compliance with complex regulatory frameworks, including those in Canada, the U.S. and  Brazil. Its platform is approved by Gaming Laboratories International (GLI) and the Alcohol and Gaming Commission of Ontario (AGCO) and other key regulators.

In Canada, it has worked with provincial lottery corporations as far back as 2011. Whitehead told Canadian Gaming Business in June that GeoLocs was the first geolocation solution to go live in Ontario, supporting Ontario Lottery and Gaming (OLG) as a launch partner when the market opened in April 2022. It now works with licensed commercial operators in the province including Betty Canada and Maverick Games.

It already has a footprint in Alberta, too, powering geolocation for the Western Canada Lottery Corporation (WCLC) and helping to develop Alberta Gaming, Liqour and Cannabis’ (AGLC) PlayAlberta app. Whitehead said that positions it well when the province launches regulated commercial online gambling in 2026.

“From a readiness standpoint, we’re already there,” he told CGB. “We know the regulatory requirements, we know the expectations, and we’re ready to help new entrants launch quickly and compliantly. We’re also ISO 27001 certified, GLI-approved, and our solutions have been reviewed and approved by regulators across Canada. That means we’re not just market-ready — we’re regulator-trusted.”