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MOTORSPORT GAMING STARTUP GRIDRIVAL ADDS INDUSTRY EXPERTISE TO ADVISORY BOARD

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Ahead of its Daily Fantasy Sports launch, the world’s only multi-series fantasy motorsports gaming platform brings in sports betting, venture capital and motorsport executives hailing from NASCAR, Sharp Alpha and Menlo Ventures

GridRival, the sports betting startup dedicated to motorsports, has bolstered its advisory board with top-tier executive talent from the fields of iGaming, strategic investment and motor racing.

The fastest growing fantasy league game for race fans, which is set to launch its Daily Fantasy Sports offering this summer, welcomes seasoned iGaming investor Lloyd Danzig to its advisory team. Joining Danzig is Joe Solosky, Managing Director of Sports Betting at NASCAR, plus highly experienced tech investor and Menlo Ventures partner Mark Siegel.

“We are delighted to have welcomed Lloyd, Joe and Mark to our team of advisors as we prepare to launch our daily fantasy product,” says GridRival CEO Ross Fruin. “Their collective expertise in motorsports, and respective networks within the iGaming industry, are proving invaluable as we grow and offer greater value to the ever-increasing motorsports fan community.

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“Our app, which already boasts 200,000 users, makes motorsport fans’ favorite series more exciting, more engaging, and more social.

“The new additions to our advisory team will allow us to capitalize on the untapped potential of motorsports fans as we move into the real-money gaming space.”

As Managing Partner of venture capital and advisory firm Sharp Alpha Advisors—an early investor in GridRival—Lloyd Danzig has forged a reputation as a thought leader on innovation and investment in the sports betting industry.

“With interest in motorsports at an all-time high and the gaming industry placing a premium on untapped audiences, the opportunity is ripe for an authentic fantasy sports and fan engagement app built specifically for racing fans,” says Danzig. “GridRival finds itself in exactly the right position to capitalize on this inflection point.”

Joe Solosky offers over a decade of experience in sports and sports betting, having worked in executive positions at Sportradar and the New York Yankees before joining NASCAR.

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“In my time at NASCAR, I have seen how much the legalization of sports betting and gamifying the race day experience has helped grow the sport and industry overall,” says Solosky.

“GridRival is a platform I have advocated for since my time at Sportradar, and in my capacity now realize its potential to be a market leader to deliver a product to an underserved audience at scale – passionate motorsports bettors worldwide.”

As a partner at one of Silicon Valley’s oldest and most reputable venture capital firms for over a quarter of a century, Mark Siegel offers a wealth of experience on building and raising capital for tech startups.

“GridRival has already done a remarkable job of growing its user base and community,” says Siegel. “With more capital, it can truly take advantage of a category that is very favorable because it is so underserved.”

The GridRival app, launched in 2021, has gained popularity with motorsport fans due to its combination of fantasy league gameplay, detailed performance data, in-depth research tools and social features. It currently offers competitions based on Formula 1 and MotoGP, and this year plans to expand to offer real-money contests across multiple race series.

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BetConstruct

BetConstruct Becomes the First iGaming Company to Offer Both B2B and B2C Licenses in Canada through Affiliate Entity

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BetConstruct, a global pioneer in iGaming and sports betting solutions, has announced a significant milestone in the gaming industry. Through its affiliate entity, BetConstruct has become the first iGaming company authorized to facilitate the issuance of both Business-to-Business (B2B) and Business-to-Consumer (B2C) licenses. This remarkable achievement was made possible by obtaining a direct license authorization from the Tobique First Nation in Canada.

The Tobique First Nation, renowned for its innovative and forward-thinking regulatory approach, has entrusted BetConstruct’s affiliate entity with the authority to oversee applications and facilitate the issuance of licenses from its jurisdiction. This partnership underscores shared values of innovation, transparency, and a commitment to responsible gaming practices.

This historic development places BetConstruct at the forefront of the Canadian iGaming market, redefining the opportunities available to gaming operators. By leveraging its affiliate entity’s licensing capabilities, BetConstruct empowers businesses to navigate a streamlined and transparent regulatory environment, unlocking new opportunities for growth and innovation.

“At BetConstruct, we’ve always strived to push the boundaries of what’s possible in iGaming. This landmark achievement with the Tobique First Nation reflects our unwavering dedication to creating opportunities for our partners while upholding the highest standards of responsibility and integrity in gaming,” said Vigen Badalyan, Co-Founder of BetConstruct.

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The issuance of dual licenses under the watchful eye of BetConstruct’s affiliate not only highlights BetConstruct’s commitment to supporting its partners but also reinforces the company’s role as a trusted leader in the global iGaming landscape.

This milestone signals a new era for regulated iGaming, as BetConstruct takes bold steps to establish a robust ecosystem for operators and consumers alike. With its direct license authorization from the Tobique First Nation, BetConstruct is setting a new standard for innovation, consumer protection, and sustainable growth in Canada and beyond.

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Canada

Great Canadian Entertainment and Petroglyph Development Group Announce Closing of the Acquisition of Casino Nanaimo and Elements Casino Victoria

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Great Canadian Entertainment and Petroglyph Development Group Ltd. announced that PDG has closed the previously announced acquisitions of Casino Nanaimo and Elements Casino Victoria from Great Canadian, in historic transactions for both parties. PDG is a wholly owned corporation of Snuneymuxw First Nation (the “Nation”) and is dedicated to realizing the economic potential of the Nation.

The transactions, originally announced on June 24, 2024, for Casino Nanaimo and September 10, 2024, for Elements Casino Victoria, have received all required approvals from the regulatory authorities.

“We are thrilled to have completed these transactions. An incredible amount of work has been undertaken by our corporate team, our on-site teams at both properties, and PDG to achieve this successful closing. I am grateful for their efforts, as well as everyone at the B.C. Lottery Corporation and the Gaming Policy Enforcement Branch, who were thoughtful, diligent, and thorough in facilitating these closings,” said Matt Anfinson, Chief Executive Officer of Great Canadian.

“We look forward to working closely with PDG during the transition period to support the continued successful operation of Casino Nanaimo and Elements Casino Victoria,” Anfinson added.

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“We celebrate the closing of our two casino acquisitions and our continued progress toward building a strong Snuneymuxw economy. For decades, Snuneymuxw leadership has worked tirelessly toward this moment, recognizing the connection between a strong economy, self-determination, and the foundation of nationhood. Today, we honour the achievements of those who came before us by securing businesses that will strengthen our Nation for generations to come. Thank you to the PDG and Great Canadian teams for your exceptional work. We look forward to a rewarding partnership with the B.C. Lottery Corporation, driving economic growth for the Nation and Province,” said Chief Mike Wyse.

Erralyn Joseph, President of PDG, said: “This measured acquisition marks an important milestone for PDG as we continue growing a corporate enterprise that reinvests directly into the prosperity of our Nation. With a strong operating plan focused on risk mitigation and yielding sizable returns, PDG continues to generate sustainable wealth for Snuneymuxw. With every step we are realizing our socio-economic potential and influence at a local, national, and global level. On behalf of the Board of Directors, we are pleased to share this news and remain committed to advancing economic growth in support of all residents connected to Snuneymuxw territory.”

“Acquiring these assets marks a pivotal shift for Snuneymuxw and Vancouver Island. This transition will fuel the Island’s economy, strengthening the Snuneymuxw Nation and ensuring the benefits stay local,” said Ian Simpson, Chief Executive Officer of PDG.

The post Great Canadian Entertainment and Petroglyph Development Group Announce Closing of the Acquisition of Casino Nanaimo and Elements Casino Victoria appeared first on Gaming and Gambling Industry in the Americas.

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Canada

Ottawa Black Bears Announce Partnership Deal with PowerPlay

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The Ottawa Black Bears announced an extensive partnership agreement with PowerPlay Online Sportsbook and Casino that will see the company’s logo featured on the club’s home and away jerseys.

In addition to the jersey partnership, PowerPlay will also have branding elements inside the goal crease, behind the bench, on the LED display ring, and along the rinkboards for Black Bears home games at Canadian Tire Centre. As part of the deal, PowerPlay also becomes the exclusive sportsbook and online casino partner for the Ottawa Black Bears.

“We are thrilled to have PowerPlay on board for our inaugural season with such a comprehensive partnership agreement. Their investment with the Black Bears represents a foundational agreement for our lacrosse club. And we’re proud to wear their logo alongside ours as we launch our franchise,” said Chelsea McDermott, Vice President of Business Operations for the Ottawa Black Bears.

“We are excited to bring PowerPlay’s bold, community-driven spirit to Ottawa-Gatineau, partnering with the Black Bears as they establish themselves as a force in lacrosse. This partnership celebrates a sport deeply tied to Canada’s heritage and competitive energy. Together, we’ll ignite passion, energize fans, and deliver excitement all season long,” said Thomas Vermeulen, Marketing Director for PowerPlay.

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The post Ottawa Black Bears Announce Partnership Deal with PowerPlay appeared first on Gaming and Gambling Industry in the Americas.

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