Canada
Compliable Secures $3.6m New Capital to Further Enhance Compliance Tech Platform Focused on Real-Money Gaming
Bettor Capital Leads Financing and Industry Leader, Carl Sottosanti, Joins the Board of Directors
Leading compliance software provider Compliable has completed a $3.6m seed extension round led by Bettor Capital, an investment that will enable the supplier to further strengthen its ground-breaking platform and expand the scope of products and services that it provides to real-money gaming operators.
The investment from Bettor Capital marks the second funding round for Compliable in the past year, with the company previously securing $1.7m seed funding in a round led by Chicago-based KB Partners.
Additionally, Carl Sottosanti, a fund advisor to Bettor Capital and former General Counsel of Penn National Gaming, has joined Compliable’s board of directors.
For real-money sports betting and iGaming companies in North America, the Compliable platform offers a solution that makes it far easier to complete, manage and maintain gaming licenses across multiple states and jurisdictions. Compliable’s software platform and tools provide customers both significant time and cost savings, enabling operators to enter new markets more quickly and to meaningfully reduce the ongoing burden of regulatory requirements.
Launched in 2020, Compliable has signed several new customers, ranging from market leaders to start-ups, and with online gaming legislation continuing to gain momentum across numerous US states, the demand for the platform has intensified. Compliable will use the new capital to accelerate the delivery of key functionality and features to facilitate and speed up launches as sports betting and iGaming continue their rapid expansion across the US. It also allows Compliable to expand its executive team with Justin Stempeck, former Director of Licensing at DraftKings, who joined Compliable as Chief Strategy Officer.
Chris Oltyan, CEO of Compliable, said: “Following discussions with our customers, prospects, regulators and industry contacts it became clear that our solution is timely and necessary, and we realized that expanding our engineering team was essential to keep up with the many feature requests. Additionally, with Justin to help navigate the compliance landscape, we’re positioned to grow exponentially in the coming year. We are also excited to partner with Bettor Capital who brings significant real-money gaming experience and has a deep focus on the software supply chain within the industry.”
David VanEgmond, founder and CEO of Bettor Capital, said: “With the ever growing complexity of licensing in the real-money gaming market, Compliable has quickly become an integral part of how companies process and maintain their regulatory compliance as they enter new markets. I know first-hand from my time as an executive at FanDuel how critical and resource-intensive it can be to comply with diverse gaming regulations on a state-by-state basis. Compliable’s technology makes this process easier and saves companies money, which we believe represents a great long-term value proposition for a software vendor to an exciting growth industry.”
Carl Sottosanti, Member of Compliable’s Board of Directors, said: “Compliance must be top-of-mind for all companies entering the complex US online market and with Compliable’s platform, the employee gaming licensing process is significantly simplified and expedited. I look forward to being part of the company’s journey in what is a very exciting time for the industry.”
BCLC
Be #GiftSmart: Scratch the Idea of Gifting Scratch & Win Tickets to Kids
BCLC reminds adults to gift responsibly this holiday season
With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.
“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”
While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.
“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”
In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.
“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:
- Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
- Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
- Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
AGCO
Jackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier
Jackpot Digital Inc., a leading provider of innovative dealerless electronic poker gaming solutions, has announced that the Alcohol and Gaming Commission of Ontario (AGCO) has approved the Company to be licensed as a registered Gaming Related-Supplier (the “Supplier License”) under the Gaming Control Act in the Province of Ontario.
This significant achievement allows Jackpot Digital to enter one of the most dynamic and rapidly growing regulated gaming markets in North America. The Supplier License authorizes Jackpot Digital to supply its electronic table games to Ontario’s gaming venues, including casinos and other regulated gaming facilities.
Jackpot Digital’s flagship product, the Jackpot Blitz electronic table game system, offers a modern, dealerless, player-friendly solution that integrates traditional multiplayer poker games with cutting-edge digital technology. The Supplier License will enable the Company to offer its innovative gaming solutions to operators throughout Ontario, driving new revenue opportunities and enhancing player experiences.
“Receiving AGCO’s approval is a major milestone. This approval provides us with the opportunity to offer our top-tier electronic gaming systems to operators throughout all of Ontario, positioning us for further growth in one of the world’s most robust gaming markets. We are excited to bring our innovative products to Ontario’s gaming community and continue our commitment to providing exciting, technology-driven entertainment experiences,” said Jake Kalpakian, CEO of Jackpot Digital.
Canada
Play’n GO announces partnership with Canadian operator PointsBet
Play’n GO, the world’s leading casino entertainment provider, has announced further expansion of its Canadian operations via a partnership with leading operator PointsBet in the province of Ontario.
The Swedish-founded gaming giant’s games will now be available to PointsBet players in the Canadian province, meaning classic titles such as Book of Dead, Rich Wilde and the Tome of Madness, and Reactoonz will now be available on the PointsBet platform.
The province of Ontario regulated online casino gaming in 2022, which saw Play’n GO enter the Canadian market for the first time. The company expanded into the province of Quebec earlier this year, and, as of June 2024, is also a proud member of the Canadian Gaming Association.
Magnus Olsson, Chief Commercial Officer at Play’n GO, commented, “Back in 2022, I said that “North America is right at the top of Play’n GO’s priority list, and Ontario is just the first step we plan to take”. This partnership with PointsBet shows we have yet to take our foot off the gas. We’ve proudly watched our games become instant hits in our two and a half years in the Ontarian region, and we have no plans to slow down any time soon.
“It’s exciting to team up with a fellow Canadian Gaming Association member in PointsBet, and we can confidently say that we are working towards the same goal of a safe, regulated industry that is focused on player entertainment. We’re looking forward to working closely together following this milestone announcement.”
Scott Vanderwel, Chief Executive Officer at PointsBet, shared “Play’n GO has built a strong reputation for delivering high-quality game content, and we’re thrilled to bring their titles to our platform. At PointsBet, our focus is on providing a safe and engaging entertainment experience for our players, and it’s clear that Play’n GO aligns with those values. Canadian casino enthusiasts recognize PointsBet as a trusted leader in iGaming, and this collaboration further enhances the exceptional experience we offer.”
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