Canada
Intema recaps 2021 highlights and gears up for 2022
Intema Solutions Inc. (“Intema” or the “Corporation”) (TSXV: ITM, OTCMKTS: ITMZF) is proud to provide a brief summary of its 2021 highlights and a look ahead at 2022, which it is heading into with just as much drive, more resources, and enhanced management and operating team.
2021 Highlights:
- Acquisition of HypeX.gg, a first-of-its-kind social gaming platform comprising a leading esports tournament and wagering platform.
- Acquisition of TheSMACK.gg, an esports product and lifestyle company serving a rapidly expanding community of gamers and commercial brands.
- Ongoing acquisition of Livestream Gaming Ltd. (parent company of LOOT.BET), a licensed server-based real-money gaming platform and a top brand in the world of esports betting.
- Acquisition of Team BH, Canada’s second-largest esports and gaming entertainment organization, with a combined following of over 7.25 million people across its primary platforms.
- Second closing on its $15 million financing, for total gross proceeds of over $10 million to date.
- Letter of intent to acquire all the outstanding shares of Parabellum Media Inc., owner of Parabellum Esports and Northern Shield Academy.
- Application filed with the Alcohol and Gaming Commission of Ontario to become a fully registered operator of Internet gaming and sports betting in Ontario, Canada’s largest and most populous province.
- Granting of an Isle of Man online gambling license to Livestream Esports Limited, a wholly-owned subsidiary of Intema.
- Letter of intent signed with Wild Rose Entertainment to grant Generationz, Intema’s U.S. subsidiary, a LOOT.BET sports wagering skin.
- Board and management team enhanced by the appointment of Art Manteris, Marc Brassard and Philip Nolan as directors and Jonathan Kowit and Jennifer Lazarus as executive marketing advisors.
“The year 2021 has been very active and productive for Intema, allowing us to reach several milestones, including the granting of the Isle of Man online gambling license and the signing and closing of multiple promising acquisitions,” said Laurent Benezra, President and CEO of Intema. “We expect to accomplish even more in 2022 as we gear up to build a strong and diversified esports and iGaming ecosystem in this large, growing market. Following today’s annual general and special meeting of shareholders, we will focus our efforts on closing the final tranche of our financing, finalizing the acquisition of LOOT.BET and Parabellum and pursuing other business development and M&A activities in Canada and the U.S.”
Private placement extension
Further to the news release dated June 17, 2021, announcing the terms of its non-brokered private placement of a maximum of 30,000,000 subscription receipts priced at $0.50 each, the Corporation has closed on gross proceeds of over $10 million to date and expects to hold the third and final closing on or before January 20, 2021.
Canada
ComeOn Group adds sportsbook to its offering in Ontario
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Canada
Relax Gaming joins forces with PointsBet to strengthen footprint in Ontario
Relax Gaming, the iGaming aggregator and supplier of unique content, has significantly enhanced its presence in the Ontario market through an agreement with leading Canadian operator, PointsBet.
This partnership reinforces Relax Gaming’s aim to become a standout provider across North America, having already gained early success in Ontario. Relax became one of the first suppliers to deliver content to the region’s players in March 2022, debuting with over 120 games across multiple operators.
PointsBet pride themselves as one of Canada’s leading operators offering unmatched speed, ease of use, and a comprehensive array of pre-game and in-play sports betting options. This is complemented by a top-tier online casino which will now be boosted with the integration of Relax’s portfolio of slots and live dealer options.
With its authentic Canadian approach, PointsBet prioritises technology that minimises external dependencies to maintain control over its platform and has a commitment to responsible gambling best practices, ensuring a safe and secure environment for all players.
Martin Stålros, CEO at Relax Gaming, said: “Since we launched in Ontario we have enjoyed tremendous success, with our content hitting the sweet spot for the broad range of players in the Canadian province. This partnership with PointsBet will strengthen our presence in the market as the region’s leading operator integrates our rich content portfolio which will engage its player base.”
Scott Vanderwel, Chief Executive Officer at PointsBet, added: “Relax Gaming has established a strong reputation across North America and in Ontario in particular. The impressive range of content that will be integrated into our platform will increase engagement within our online platform and we are delighted to be able to provide more immersive experiences to our audiences.”
Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 names the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.
Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.
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