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Canada Becoming an Online Gambling PowerHouse
Saturday October 18,2014 : CANADA BECOMING AN ONLINE GAMBLING POWERHOUSE
Three major companies in the Great White North that are shaping the industry's future.
Content agency Accesswire reports from Canada that the country is rapidly becoming a key player in the online gambling industry, enjoying growth of 7 to 10 percent annually and generating market value of around C$30 billion.
The fact that confusion remains over the legality of online gambling in Canada makes the impressive development of Canadian companies in the sector even more remarkable.
The publication points to three relatively new major movers and shakers in Amaya Gaming, Imperus Technologies and the Intertain Group, summarising the attributes of each as:
Amaya Gaming Group Inc.
Listed in Toronto since January 2004 and based in Pointe-Claire, Quebec
Market cap: $3.2 billion
Shares currently trading at $25.00.
The company, which has a number of online gambling subsidiaries, recently scored its biggest coup in the $4.9 billion acquisition of the Oldford Group, parent of Rational, Pokertsars and Full Tilt Poker.
Imperus Technologies Corp. (formerly ISIS Labs)
Listed in Toronto and incorporated February 2011; based in Mississauga, Ontario.
Market cap: $29.28 million
Shares currently trading at $0.53
The recent major acquisition of Israeli social games developer DiWip for a reported potentially $100 million ($50 million upfront) gives Imperus access to 24 million players in 200 countries. In August the company inked a deal to provide South African telecomms giant MTN with its Casina app pre-loaded on smartphones to access at least a million users.
The Intertain Group Limited
Toronto listed and based in that Canadian city.
Incorporated November 2010
Market cap: $161 million
Shares currently trading at $11.83
The Intertain Group offers online games through subsidiary CryptoLogic Operations Limited, which it acquired last year, under two brand names; InterCasino and InterPoker. It claims 9,000 daily users on just one of its websites, and 3 million registered users who have wagered a total of US$25 billion over the years, with Intercasino an industry pioneer.
In September this year shares spiked on the news that the company would be added to the S&P/TSX SmallCap Index – Standard and Poor’s Canadian Index Operations.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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