Gaming News Canada

This morning, Sharp Alpha Advisors – the New York-based venture capital firm which specializes in sports, gaming and entertainment – announced the closing of Sharp Alpha Fund II, an oversubscribed $250-million VC fund investing in early-stage businesses. Lloyd Danzig, the managing partner of Sharp Alpha Advisors, joined the Gaming News Canada Show from Dallas to provide more details around the breaking news. He also spoke about the flurry of M&A activity so far in 2024, including the acquisition of Quarter4 by FairPlay Sports Media Group, and what’s motivating those transactions, and what investors are looking for when it comes to providing funding to companies in the sports, gaming and entertainment spaces. And, what excites him about the innovation and products appearing in the world of sports wagering and online gaming these days.Danzig, who will be speaking at next month’s Canadian Gaming Summit in Toronto, also addressed the opportunities north of the border. 

Three years since doing the incorporation thing – and less than a year before the opening of Ontario’s regulated sports betting and igaming industry – Parleh Media Group’s journey has been one of twists and turns for its Homestand, Bettor Content and The Parleh/Gaming News Canada brands. Mark Silver, the PMG chief executive officer who brought together the company’s six founding partners in early 2021 and Homestand’s content/brand grand poobah Kevin Kennedy appeared on the Gaming News Canada Show for some reminiscing and a lookahead at the opportunities in the always-changing world of betting, gaming and media. Silver spoke about his latest experience in a startup business, and the need for continuous experimenting and shifting strategies to meet the needs of some 10 clients which Parleh has served in Ontario’s two-year-old regulated marketplace. Kennedy was asked for his thoughts on the merger of sports betting and sports media – including The Locker Room program that’s available on the Sports Interaction app - the continuous search for unique content in a market that remains crowded despite the challenges faced by traditional media, and the content opportunities around Ontario’s robust online gaming business.  Both PMG leaders gave their own taps of the hockey twig, Silver to investors and other supporters of the company, and Kennedy to the group of established and just-starting content creators who are finding a different path these days to telling stories in the world of sports.

The leadership group at U.S. Integrity and Odds On Compliance took its own version of the Nestea plunge last month when it announced the merger of the two companies under a new brand, IC360. Matthew Holt, the chief executive officer of the new company, and IC360 president Eric Frank appeared on the latest episode of the Gaming News Canada Show. The main drivers of the merger gave us the back story on how U.S. Integrity and Odds On Compliance came together since launching ProhiBet at the beginning of 2023, and the new business’s integration of integrity and compliance products. Holt explained the creation of an education and training team led by former EPIC Global Solutions employees Mark Potter and Dan Trolaro while both Holt and Frank got into the fast-moving evolution of artificial intelligence in supporting its integrity and compliance services. The interview also included a discussion on IC360’s plans for the Canadian market, including the hiring of Sebastian Jedrzejewski from the Alcohol and Gaming Commission of Ontario last year and U.S. Integrity’s collaboration with the AGCO in the days leading up to the opening of the province’s regulated gambling marketplace.

Some 5,000 people working across various sectors of the sports wagering and gaming industry in the U.S., Canada and countries around the planet will gather inside at the Meadowlands Exposition Center in Secaucus, NJ, next week for the annual SBC Summit North America. It’s one of two major conferences organized this spring by SBC, which will co-host with the Canadian Gaming Association the June 18-20 Canadian Gaming Summit at the Metro Toronto Convention Center.  Gambling industry veteran Sue Schneider, the VP of Growth and Strategy for SBC’s North American business, was our guest on this edition of the Gaming News Canada Show. Schneider, who was inducted into the Sports Betting Hall of Fame during the 2022 North America summit, teed up next week’s rendezvous in Secaucus, provided some helpful hints to first-time attendees and gave her perspective on the evolution of the SBC events, and the industry itself over a quarter of a century. We also asked what attendees of the Canadian Gaming Summit can expect next month in SBC’s second year of co-hosting the conference. One of the most-passionate advocates for women working in the industry, Schneider also spoke about the progress that’s been made, including the creation of companies such as Ontario-regulated online gaming business Betty, and Betting Ladies, and the need to continue those efforts. She also weighed in on the current state of the gambling industry in the U.S.

It was a homecoming of sorts when Will Hill joined the Canadian Lottery Coalition as its executive director.  Hill, who spent 11 years with OLG, these days represents a collaboration of the Alberta Lottery and Gaming Corporation, the Atlantic Lottery Corporation, BCLC, Loto-Québec, the Manitoba Liquor & Lotteries Corporation, and the Saskatchewan Indian Gaming Authority. On the latest episode of the Gaming News Canada Show, he addressed the coalition’s advocacy for legal gambling across Canada and the work that’s been done in trying to limit gambling advertising by regulated operators in Ontario within the province’s borders. And, we asked him about the apparent road to regulation that’s happening in Alberta. The former journalist and Toronto Blue Jays employee also teed up a panel discussion at the Canadian Gaming Summit in June which is scheduled to include crown corporation leaders Kandice Machado (AGLC), Pat Davis (BCLC), Patrick Daigle (ALC) and Jean-Francois Bergeron (Loto-Québec). Hill also provided some thoughts on the current state of the gambling industry in North America, including a decline in casino visitors in some U.S. states.

As sports betting and gaming continue to evolve, along with almost everything else, in the digital space, so do the methods of payments for people placing a sports wager and/or playing online poker, casino and slots. On this episode of the Gaming News Canada Show, Paysafe executive Greg Kirstein was our guest. Kirstein, who joined Paysafe in the summer of 2013 and is currently the general manager, iGaming for the company’s North American business, discussed the business’s work with the lottery and gaming corporations in Ontario and Quebec, and regulated operators in Ontari-ari-ari-o. He also got into the expanding inventory of online payment products. And, of course, we asked the Montreal-based Kirstein about the potential for expanding regulated gambling into other provinces across our home and native land.

Last week’s suspension of Toronto Raptors player Jontay Porter by the NBA for violations of the league’s gambling policy poured more fuel on the fire on the relationships between professional sports leagues and sports betting companies operating in legal gambling jurisdictions across the United States and Canada.Doug Smith, who’s been covering the Toronto Raptors since Day 1 for the Toronto Star, appeared on this episode of the Gaming News Canada Show with Legal Sports Report gambling biz journalist (and former NBA beat writer) Mike Mazzeo. Smith spoke about the conversations he’s had with Raptors players about the new world of online sports wagering, and the ties that bind leagues and betting operators while Mazzeo weighed in on the measures being taken by all stakeholders in the fight against match-fixing and other potential betting scandals in pro sports. Daniel Umfleet, the founder and CEO of Kindbridge Behavioral Health, then joined the show from Southampton, England to weigh in on the Porter ban. Kindbridge’s partners include NASCAR, Entain, BetMGM, DraftKings, U.S. Integrity and Sportradar, and Umfleet answered our questions about the roles companies in different sectors of the sports wagering landscape play in preventing situations such as Porter’s, and the pressures faced by today’s athletes – current, former and those who are trying to prepare for life after playing. He also got into the evolution of responsible gambling programs in the U.S., which traditionally have been based on bricks-and-mortar sportsbooks and casinos to deal with the still-newish world of online gambling.

Some 24 hours before iGaming Ontario released its fourth-quarter and 2023-24 year-end market performance report, Canadian Gaming Association president and CEO Paul Burns made his return to the Gaming News Canada Show for somewhat of a rapid-round episode. Burns provided a plethora of perspectives on a number of topics, including the two-year anniversary of regulated gambling in Ontari-ari-ari-o and what’s next, what may lie ahead for regulated sports betting and igaming in other Canadian provinces, the work that’s been done in our home and native land on responsible gambling, and the role that Canada plays internationally in the gambling space. We also asked Burns about preparations between the CGA and SBC for the annual Canadian Gaming Summit in Toronto, taking place June 18-20. And, there was also some girls/women’s hockey talk as the CGA’s head honcho walks away from the bench after a lengthy coaching tenure in the Leaside Wildcats organization.

When Brianne Doura-Schawohl joined the Massachusetts Council on Compulsive Gambling in the fall of 2013, the overturning of the Professional and Amateur Sports Protection Act in the United States was five years away and amending the Criminal Code of Canada to pave the way for legal single-event sports betting was eight years away. Since then, Doura-Schawohl has gone on to become a leading voice on responsible gambling and problem gambling in senior leadership roles with the National Council on Problem Gambling, and EPIC Risk Management. In her current role as CEO of Doura-Schawohl Consulting LLC, she’s working with stakeholders across the regulated gambling industry to address the growing concern around problem gambling. On the latest episode of the Gaming News Canada Show, Doura-Schawohl discussed the impact that the fast-moving mobile/online gambling industry in the U.S. is having on people, the influence of gambling advertising and famous brand ambassadors on players, concerns about increased gambling activity among college students, the need for more research into problem gambling, and the responsibility that stakeholders across the industry have to make gambling safer. Doura-Schawohl, who doesn't shy away from advocating for more tangible action on RG, also provided more than a few words of praise to RG efforts in Ontario and across the rest of Canada by the Alcohol and Gaming Commission of Ontario – when creating the province’s regulated sports betting and igaming marketplace – the Responsible Gambling Council and BCLC with its GameSense self-exclusion program that is being used by operators in the U.S.