{"id":2706,"date":"2024-10-08T14:31:21","date_gmt":"2024-10-08T14:31:21","guid":{"rendered":"http:\/\/stakery.io\/?p=2706"},"modified":"2024-10-16T14:25:40","modified_gmt":"2024-10-16T14:25:40","slug":"alberta-in-the-spotlight-at-g2e-panel-discussion-on-potential-of-the-canadian-market","status":"publish","type":"post","link":"http:\/\/stakery.io\/index.php\/2024\/10\/08\/alberta-in-the-spotlight-at-g2e-panel-discussion-on-potential-of-the-canadian-market\/","title":{"rendered":"Alberta in the Spotlight at G2E Panel Discussion on Potential of the Canadian Market"},"content":{"rendered":"

The developing news in Alberta will no doubt be front and center at G2E on Wednesday<\/a>, with a panel discussion on the Canadian market featuring the government minister quarterbacking that province\u2019s iGaming expansion.<\/p>\n

\"\"
Alberta government minister Dale Nally, seen here speaking at the Canadian Gaming Summit in Toronto in June, will be front and center at a G2E panel discussion on the Canadian market tomorrow. Image\/Mark Keast<\/figcaption><\/figure>\n

\u201cUnderstanding the Changing Canadian iGaming Landscape\u201d is the topic of the panel. That\u2019s scheduled for 3:10 p.m. Wednesday at The Venetian Expo in Las Vegas.<\/p>\n

Alberta Working Toward an Ontario-Style Model<\/h2>\n

Led by Paul Burns, President & CEO of the Canadian Gaming Association, the panel will discuss the evolution of the Canadian market, including its ongoing potential.<\/p>\n

\n

We still have a large, unregulated market in the country,\u201d Burns said. \u201cAs more governments start to look [at a competitive model] they need to understand how the igaming business works, and how why finding more levels of cooperation across jurisdictions can be beneficial for the industry [in Canada]. We\u2019ll be talking about sustainability and growth in Canada, and how we can learn from the Ontario and Alberta experiences.\u201d<\/p>\n<\/blockquote>\n

Ontario\u2019s regulated open market<\/a> went live in April 2022. Alberta is working toward an Ontario-style model.<\/p>\n

Burns said he sees more interest in the Canadian market from international companies.<\/p>\n

\u2018Those that have made the investment in Ontario hope to see they can leverage more across the country,\u201d he added. \u201cHow can they grow their businesses in other provinces over time?\u201d<\/p>\n

Canadian Industry Power Brokers at G2E<\/h2>\n

Ontario currently has 51 companies licensed and operating in the province, and 83 iGaming websites. According to the latest market performance report released by iGaming Ontario, \u201cFY 2024-25 Q1 (April 1 to June 30, 2024),\u201d Ontario saw $18.4 billion in wagers (3.4% increase from the previous quarter, 31% year-over-year increase). The market saw $726 million in gaming revenue (5.2% increase over Q4, 34% year-over-year increase).<\/p>\n

In Ontario, the channelization of players from the grey market to regulated operators has been very successful since market launch at 86.4%, according to an Ipsos study in February 2024.<\/strong><\/p>\n

That makes it one of North America\u2019s most competitive jurisdictions.<\/p>\n

Wednesday\u2019s panel features two of Ontario\u2019s leading power brokers, Martha Otton, executive director, iGaming Ontario, and Karin Schnarr, CEO and registrar of the Alcohol and Gaming Commission of Ontario, the provincial regulator.<\/p>\n

Nally Will Update Industry on Alberta\u2019s Market Launch<\/h2>\n

A bulk of the chatter about the Canadian market of late has been about Alberta, which will also be a topic of discussion on Wednesday.<\/p>\n

Dale Nally, minister of Service Alberta and Red Tape Reduction for the Alberta government will discuss his organization\u2019s mandate to expand competition in the iGaming space in that province.<\/p>\n

\n

Alberta has been in the news the past few days because, after much speculation about how fast the government was moving toward a market launch<\/a>, an industry source said the proposal \u201cwent sideways\u201d when it reached cabinet.<\/p>\n<\/div>\n

Concerns included a proposed 25% tax rate for operators that come into the market. There were also reported worries about rushing to market launch too fast, and granting licenses for companies already doing business in Ontario as opposed to a launch more rooted in legislation with an independent regulator.<\/p>\n

\"\"
Karin Schnarr, CEO and registrar of the Alcohol and Gaming Commission of Ontario, will be on a panel at G2E talking about how Ontario\u2019s market is evolving and the potential of the Canadian market. Image\/Mark Keast<\/figcaption><\/figure>\n

Alberta Market Launch Gets Pushed Back<\/h2>\n

\u201cI think they\u2019re going to really take the time to get it right,\u201d Burns said. of the proposed launch<\/p>\n

\u201cThere has been talk about [going live] before Christmas. I think that will be too early. It\u2019s going to be next year. They have a lot of work still to do. I think that their enthusiasm is still strong, and they\u2019re working hard, but they got a lot to do.\u201d<\/p>\n

\n

There\u2019s been significant interest from some of the bigger iGaming operators about doing business in Alberta when the market opens as PointsBet Canada, theScore Bet (PENN), Betway (Super Group), and NorthStar Bets have all made public statements that they\u2019ll be jumping in.<\/p>\n<\/div>\n

\u201cEveryone is interested in the Canadian market,\u201d said Mark Harper, head of emerging markets at BVGroup.<\/p>\n

The company\u2019s BetVictor<\/a> brand is licensed and operating in Ontario.<\/p>\n

\u201cThe folks we talk to on a regular basis are telling me midyear to even fall next year,\u201d he said. \u201cBut then I speak to other folks and they tell me it might be late spring or early summer. Alberta is definitely in our plans. Everyone\u2019s done very well in the Ontario market. I think Alberta will behave in a similar fashion.\u201d<\/p>\n

Alberta Projected to Be s \u201cSizable\u201d Gaming Market<\/h2>\n

When asked about the potential of the Alberta iGaming market, Harper said while it\u2019s not as big as Ontario, and isn\u2019t a \u201cbehemoth\u201d like Toronto, Alberta is still a fervent sports market, with a lot of disposable income.<\/p>\n

\n

It won\u2019t be as large as Ontario in terms of handle and GGR, but it will still be a sizable market,\u201d Harper said.<\/p>\n<\/blockquote>\n

Burns said the developing Alberta news means Nally will be front and center at Wednesday\u2019s G2E panel discussion.<\/p>\n

\u201cI am sure the minister will share some thoughts on where they are heading,\u201d Burns said.<\/p>\n

The post Alberta in the Spotlight at G2E Panel Discussion on Potential of the Canadian Market<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The developing news in Alberta will no doubt be front and center at G2E on Wednesday, with a panel discussion on the Canadian market featuring the government minister quarterbacking that province\u2019s iGaming expansion. Alberta government minister Dale Nally, seen here speaking at the Canadian Gaming Summit in Toronto in June, will be front and center…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[],"_links":{"self":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2706"}],"collection":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/comments?post=2706"}],"version-history":[{"count":1,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2706\/revisions"}],"predecessor-version":[{"id":2707,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2706\/revisions\/2707"}],"wp:attachment":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/media?parent=2706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/categories?post=2706"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/tags?post=2706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}