Canada
HANetf Launches its Sports Betting and iGaming ETF on Deutsche Börse Tracking Solactive Index
After the successful launch of its Fischer Sports Betting and iGaming UCITS ETF (BETS) on the London Stock Exchange, the British White Label ETF provider HANetf brought this innovative concept to Continental Europe, launched BETS on Deutsche Börse on June 15. The ETF includes sports and online betting companies, which experienced a surge in demand during the Covid 19 pandemic and in the light of loosened restrictions for online gambling opportunities in the US. The Fischer Sports Betting and iGaming UCITS ETF tracks the Solactive Fischer Sports Betting and iGaming Index.
According to a recent report published by Goldman Sachs, the US sports betting and iGaming market stands on the verge of a massive growth trajectory. The report forecasts an increase of the US sports betting and iGaming market of approximately 2300% between 2020 and 2033, accumulating to a $53 billion volume. To enable European investors to benefit from this potential development, HANetf teamed up with gambling consulting company Fischer Sports and Solactive to develop the Solactive Fischer Sports Betting and iGaming Index, which serves as the underlying for BETS.
The Solactive Fischer Sports Betting and iGaming Index serves as a representation of securities that have business operations in the fields of Sports Betting and iGaming. The index selects its constituents from a universe of developed and emerging market companies (excluding Chinese A-shares) with market capitalisations greater than $100 million and average daily trading volumes above $250,000. To determine the index universe, Solactive utilises its proprietary natural language processing algorithm ARTIS. ARTIS is utilising advanced algorithms to parse high volumes of public documents evaluating companies’ exposure to various themes or topics. The sophisticated procedure not only detects potential index constituents considering a firm’s exposure to a theme but also ranks its importance to the very subject or industry.
“HANetf has consistently been at the forefront of innovation within the European ETF market, and the addition of the Fischer Sports Betting and iGaming UCITS ETF only adds further credence to that claim. We’re delighted to finally offer the European investor a seat at the Sports Betting and iGaming table, having watched from the sidelines as their North American counterparts have taken advantage of this exciting growth market,” Hector McNeil, co-Founder and co-CEO at HANetf, said.
“Developing innovative index strategies with our business partners that add value to investors’ portfolios is a deeply rooted attitude within Solactive’s DNA. Our longstanding business relationship with HANetf sparked numerous innovative and cutting-edge ideas, which are now successful and leading products serving investors. We are excited about this new ETF, and we’re looking forward to developing more pioneering index-based projects with HANetf,” Timo Pfeiffer, Chief Markets Officer at Solactive, said.
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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