BUSINESS

NYX wins BC approval; PlayNow election betting more popular than Super Bowl

TAGs: BCLC, British Columbia, British Columbia Lottery Corporation, Canada, election betting, Nyx Gaming, playnow.com

Toronto-listed gambling technology provider NYX Gaming Group has been approved to provide services in the Canadian province of British Columbia.

NYX wins BC approval; PlayNow election betting more popular than Super BowlOn Thursday, NYX announced that BC’s Gaming Policy and Enforcement Branch had granted NYX unconditional registration as a Class B Supplier. The thumbs-up will allow NYX to deploy its technology in the province for the first time.

NYX is the parent company of betting technology firm OpenBet, which already has firm ties in Canada with the British Columbia Lottery Corporation (BCLC), Loto-Quebec and the Atlantic Lottery Corporation. NYX CEO Matt Davey said his firm’s new BC approval was “evidence of the synergies we are driving through our integration work with OpenBet.”

Speaking of BCLC, its online gambling site PlayNow.com has now taken more wagers on the outcome of the US presidential election that it has on previous Super Bowls. PlayNow became the first provincially regulated gambling site to offer election wagering back in 2014 and the 2016 presidential race has become the site’s most popular betting event of any kind.

BCLC says it’s taken C$533k (US $397k) in wagers on US politics, of which C$391k is riding on the outcome of next week’s presidential poll. Bettors have placed 721 wagers worth C$142k on Donald Trump becoming president, while Hillary Clinton backers have placed 546 wagers worth C$243k.

Doing the math, it seems the average size of a Trump bet is around $197, while Hillary wagers are averaging $445. So apparently it’s not only Drumpf’s hands that are undersized.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com