Tag Archives: ontario lottery and gaming corporation
- Regulator halts Great Canadian Gaming Corp trading ahead of OLG award
August 8, 2017
Canadian securities regulators have suspended the trading of Great Canadian Gaming Corp’s (GCGC) stocks ahead of the awarding of the control of gambling operations in Ontario. GCGC is one of the three remaining gambling operators vying for the control of the Greater Toronto Area’s (GTA) gambling operations. Malaysian-based conglomerate Genting...
- Ontario cuts online gambling profit forecast by 75%
January 14, 2017
The government-run gaming monopoly in the Canadian province of Ontario is being slammed for vastly overestimating its revenue forecasts, particularly for its online gambling operations. This week, the Ontario Lottery and Gaming Corporation (OLG) announced that its previously announced modernization program would boost annual revenue by C$889m by fiscal 2021-22....
- Ontario scraps lottery privatization plan
September 23, 2016
The Canadian province of Ontario has scrapped plans to privatize its state-run lottery business. In a statement issued on Friday, the Ontario Lottery and Gaming Corp (OLG) announced that it had cancelled its request for proposals (RFP) for private operators interested in taking over management of its lottery operations, which...
- NBA betting coming back to Ontario after 21-year absence
September 16, 2016
Ontario’s provincial gambling monopoly is re-adding National Basketball Association games to its parlay sports betting product after a two-decade absence. On Friday, the Ontario Lottery and Gaming Corp (OLG) announced that its Pro-Line sports lottery would once again offer NBA games starting with the 2016-17 season. OLG COO Greg McKenzie...
- Lottery boosts Canada sports bet hopes; PlayOLG plan mobile app, peer-to-peer poker
January 4, 2016
Canada’s single-game sports betting bill will get a second shot at becoming law, ironically due to its backer having won a parliamentary lottery. Brian Masse (pictured), the New Democratic Party member of parliament for the Ontario riding of Windsor-West, has vowed to reintroduce the C-290 sports betting legislation, which was...
- New online gambling merchant category codes no ‘silver bullet’ for US markets
April 19, 2015
Friday saw the launch of new Merchant Category Codes (MCC) for online gambling, but their introduction isn’t expected to change the fortunes of operators in US regulated intrastate markets anytime soon. One of the biggest problems states like New Jersey have had in jumpstarting their fledgling online gambling markets is...
Ontario cuts online gambling profit forecast by 75%
January 14, 2017
US-facing betting sites dealing with new credit card crackdown
October 31, 2016