Connect with us
European Gaming Congress 2024

Canada

Nuvei Powers Sports Betting Payments for Carousel Group in the United States

Published

on

 

Nuvei Corporation, the global payment technology partner of thriving brands, today announces an agreement with Carousel Group, a rapidly-growing privately-held licensed sports betting and casino operator. Through the agreement, Nuvei is powering payment transactions for Carousel Group’s flagship brand, SportsBetting.com. Launching initially in Colorado, the Company will support Carousel Group’s expansion across the U.S., as it plans to make its online sportsbook available in additional regulated markets, including Iowa, Indiana and New Jersey.

SportsBetting.com integrates Nuvei’s payment technology, benefiting from built-in compliance and fraud prevention, one-click payments, and real-time user payouts. Nuvei’s wide-ranging alternative payment methods (APMs) and support for multiple bank sponsors offers even greater payment processing flexibility. Nuvei will also provide the required expertise and innovative payment solutions for the upcoming launch of MaximBet, a strategic partnership between Carousel Group and media brand Maxim, offering a multi-platform online destination for sports and casino fans.

“We are excited to be providing Carousel Group with secure and reliable payments as we continue to grow our footprint into U.S. iGaming and sports betting. As our first pilot merchant in the U.S. regulated gaming space, we worked together closely shortly after having received state vendor approval last summer to successfully launch into the Colorado market,” said Philip Fayer, Nuvei’s Chair and CEO. “Since then, not only have we expanded our payment capabilities and portfolio of APMs, but through our recent acquisition of Mazooma, we are adding exclusive product functionality, vendor registration and infrastructure to address operator requirements in any regulated U.S. state.”

“We are always looking to provide the best customer experience for our users, so partnering with Nuvei as our payment technology provider enables us to enhance the experience on our SportsBetting.com platform, further helping position Carousel Group and our brands as leaders within the gaming industry,” said Phillip Wilson, Chief Operating Officer of Carousel Group. “Having a diverse set of payment methods is critical for success in the booming regulated U.S. market and Nuvei’s technology allows us to integrate all the key providers.”

Advertisement
Stake.com

Nuvei’s Cashier simplifies how sports betting operators process payments and facilitates entry into new regulated markets via its proprietary compliance technology. Carousel Group can now choose from an array of additional services offered by Nuvei à la carte, including real-time fraud detection, risk management and instant payouts. Through a single integrated platform, Nuvei aims to maximize Carousel Group’s revenue, while creating a seamless payment journey for players on SportsBetting.com and beyond.

Nuvei continues its push as the payment technology partner of choice for regulated iGaming and sports betting brands across the U.S.

Continue Reading
Advertisement

Canada

Greo and CCSA Release New Report Named “Gambling Availability and Advertising in Canada: A Call to Action”

Published

on

greo-and-ccsa-release-new-report-named-“gambling-availability-and-advertising-in-canada:-a-call-to-action”

 

Recent gambling policy changes in Canada have led to increased opportunities to legally bet on sports and gamble online, 24 hours a day, seven days a week. The report “Gambling Availability and Advertising in Canada: A Call to Action” looks at the impacts of legal gambling in Canada since the approval of the Safe and Regulated Sports Betting Act in 2021. The report recommends developing a pan-Canadian strategy to address gambling-related harms. This is a new report by Greo Evidence Insights (Greo) and the Canadian Centre on Substance Use and Addiction (CCSA).

This call to action is in response to the significant increase in gambling advertising on billboards, social media, at commercial breaks during sports broadcasts and during sporting events. Increased gambling availability and advertising are expected to contribute to increased gambling in Canada, thereby posing a significant risk of harms among the general population, particularly for youth, young adults and other vulnerable populations.

The report also describes how the increased availability of gambling and in gambling advertising are of great concern because:

  • The types of gambling being made available and promoted (single-event sports betting and live or in-play betting) are associated with a greater risk of harm. For example, single-event sports betting increases gambling intensity and gives an illusion of control over the outcome as people believe their knowledge of the game gives them a competitive edge.
  • The volume of gambling advertisements repeatedly pairing sports with betting normalizes gambling, leading people to think of betting as an integral part of being a sports fan.
  • Increased availability of gambling and in gambling advertising are happening at a time when many people in Canada are more vulnerable to problematic gambling and gambling-related harms because of the lingering health impacts of COVID-19 and a rise in the cost of living.

“Over the last few years, we have witnessed some of the most significant changes in gambling policy since the 1970s. We have seen a massive increase in gambling advertising and opportunities to gamble. We can no longer watch sports with our kids or go online without being subjected to an overwhelming amount of gambling advertising. Canada is at a critical moment in how it manages gambling. A national strategy or framework — similar to what we have for alcohol, tobacco and cannabis — is critical to manage the expected increase in gambling harm, especially among youth and other vulnerable people,” explained Dr. Matthew Young, Chief Research Officer at Greo, Senior Research Associate at the CCSA and Adjunct Professor at Carleton University.

The report recommends developing a national strategy that will:

Advertisement
Stake.com
  • Develop national standards governing the promotion and availability of gambling;
  • Manage conflicts of interest among gambling stakeholders;
  • Address inadequate funding for gambling harm prevention and reduction initiatives and research;
  • Monitor systematic changes in gambling-related harm, including any assessments of the social and economic costs of gambling; and
  • Increase awareness of gambling-related harms among health and social service professionals and the public.

“Increased gambling among people living in Canada will undoubtebly result in increased harms and therefore increased societal costs. These include healthcare costs, criminal-justice costs, child welfare costs, increased unemployment and lost productivity costs because of gambling-related suicide. We need to think about our approach and ensure that it considers not only short-term government revenue and economic activity but also the longer-term societal costs. That’s why we need a national strategy,” Dr. Pam Kent, Director of Research and Emerging Trends at CCSA, said.

Continue Reading

Canada

Call for a National Strategy to Address Gambling-Related Harms in Wake of Sports Betting Boom

Published

on

call-for-a-national-strategy-to-address-gambling-related-harms-in-wake-of-sports-betting-boom

Recent gambling policy changes in Canada have led to increased opportunities to legally bet on sports and gamble online, 24 hours a day, seven days a week. Released today, Gambling Availability and Advertising in Canada: A Call to Action looks at the impacts of legal gambling in Canada since the approval of the Safe and Regulated Sports Betting Act in 2021. The report recommends developing a pan-Canadian strategy to address gambling-related harms. This is a new report by Greo Evidence Insights (Greo) and the Canadian Centre on Substance Use and Addiction (CCSA).

This call to action is in response to the significant increase in gambling advertising on billboards, social media, at commercial breaks during sports broadcasts and during sporting events. Increased gambling availability and advertising are expected to contribute to increased gambling in Canada, thereby posing a significant risk of harms among the general population, particularly for youth, young adults and other vulnerable populations.

The report also describes how the increased availability of gambling and in gambling advertising are of great concern because:

  • The types of gambling being made available and promoted (single-event sports betting and live or in-play betting) are associated with a greater risk of harm. For example, single-event sports betting increases gambling intensity and gives an illusion of control over the outcome as people believe their knowledge of the game gives them a competitive edge.
  • The volume of gambling advertisements repeatedly pairing sports with betting normalizes gambling, leading people to think of betting as an integral part of being a sports fan.
  • Increased availability of gambling and in gambling advertising are happening at a time when many people in Canada are more vulnerable to problematic gambling and gambling-related harms because of the lingering health impacts of COVID-19 and a rise in the cost of living.

“Over the last few years, we have witnessed some of the most significant changes in gambling policy since the 1970s,” explained Dr. Matthew Young, Chief Research Officer at Greo, Senior Research Associate at the CCSA and Adjunct Professor at Carleton University. “We have seen a massive increase in gambling advertising and opportunities to gamble. We can no longer watch sports with our kids or go online without being subjected to an overwhelming amount of gambling advertising. Canada is at a critical moment in how it manages gambling. A national strategy or framework — similar to what we have for alcohol, tobacco and cannabis — is critical to manage the expected increased in gambling harm, especially among youth and other vulnerable people.”

The report recommends developing a national strategy that will:

  • Develop national standards governing the promotion and availability of gambling;
  • Manage conflicts of interest among gambling stakeholders;
  • Address inadequate funding for gambling harm prevention and reduction initiatives and research;
  • Monitor systematic changes in gambling-related harm, including any assessments of the social and economic costs of gambling; and
  • Increase awareness of gambling-related harms among health and social service professionals and the public.

“Increased gambling among people living in Canada will undoubtebly result in increased harms and therefore increased societal costs. These include healthcare costs, criminal-justice costs, child welfare costs, increased unemployment and lost productivity costs because of gambling-related suicide,” says Dr. Pam Kent, Director of Research and Emerging Trends at CCSA. “We need to think about our approach and ensure that it considers not only short-term government revenue and economic activity but also the longer-term societal costs. That’s why we need a national strategy.”

Advertisement
Stake.com
Continue Reading

AGCO

Edict Egaming Secures Approval for Ontario Licence

Published

on

edict-egaming-secures-approval-for-ontario-licence

 

Edict egaming has received approval from the Alcohol and Gaming Commission of Ontario (AGCO) to provide its games for the online casino market in the Canadian province. This applies to both the German edict egaming GmbH and Edict Malta Limited. From now on, the Merkur Group subsidiary will be able to offer its popular Merkur slots in one of the largest North American markets.

“We are delighted to have received AGCO approval for our Merkur games in Ontario. This is definitely a big step for edict and we are very excited to showcase ourselves to new audiences on the global stage in this dynamic market,” Dominic-Daniel Liénard, CEO of edict egaming GmbH, said.

The AGCO is working with the Government of Ontario and iGaming Ontario (iGO) to establish a new online gaming market that helps protect consumers gambling through private gaming companies. This license certifies that edict operates within the framework of strict laws and meets the requirements for responsible gaming.

Continue Reading

Trending