Canada

Poker Initiative One More For One Drop Helps World Series of Poker Reach $25 Million Raised Since 2012 To Benefit One Drop Foundation’s Critical Water-Mission

Published

2 years ago

July 12, 2022

Our friends at the World Series of Poker and the entire poker community deserve the longest standing ovation for what they have accomplished with One Drop over the past 10 years. All sectors combined, how many companies do you know have been able to mobilize their stakeholders to raise $25 million for a charity?” Guy Laliberté, founder of the One Drop Foundation.

With the same ambition with which the One Drop Foundation strives to change the game in the water sector, poker initiative One More For One Drop is transforming lives. Held this past weekend in Las Vegas to celebrate 10 years of turning water into action together, the One More for One Drop tournament in Las Vegas raised $632,922, bringing the total amount of funds raised through partnership with the World Series of Poker (WSOP) to $25 million. Since 2012, the WSOP, the poker community and the One Drop Foundation have amassed a history of 17 impactful charitable poker tournaments benefitting One Drop Foundation’s water-mission and transforming the lives of hundreds of thousands of people worldwide.

Over the years, the One Drop Foundation and the WSOP have created three charitable poker tournament formats that have been held in Las Vegas, Rozvadov (Czech Republic) and in Monaco. Kicking off in Las Vegas in 2012, Guy Laliberté, founder of the One Drop Foundation, envisioned a game-changing poker tournament called, The Big One for One Drop, that made history on several fronts – including the first $1 million buy-in event and the biggest first prize ever awarded totaling $18,346,673. This tournament has generated nearly $16 million in contributions for One Drop Foundation’s mission through its four editions that were held biennially from 2012 to 2018. In addition to The Big One for One Drop, there have been eight editions of another rendition poker tournament titled, The Little One for One Drop, a $1,000 buy- in charitable poker event with a $111 optional contribution, and five editions of yet another charitable poker tournament titled, The High Roller for One Drop, a $111,111 buy-in. More than 20,000 poker players have contributed since the beginning of the One Drop-WSOP partnership in 2012, either by playing one or more tournaments or making donations at cash-out.

The recent One More for One Drop tournament held this past weekend in Las Vegas enabled the One Drop Foundation to pass the extraordinary mark of $25,000,000 raised through their poker initiatives for One Drop Foundation’s crucial mission of ensuring sustainable access to safe water for communities facing extreme barriers.

“Our friends at the World Series of Poker and the entire poker community deserve the longest standing ovation for what they have accomplished with One Drop over the past 10 years. All sectors combined, how many companies do you know have been able to mobilize their stakeholders to raise $25 million for a charity? This is not only a true example of generosity, it is also a leadership testimonial in the purest form. Thank you, my friends, for caring so much for the cause of safe water for all and for giving the best of yourselves to put a lasting dent into poverty with us,” said Guy Laliberté, founder of the One Drop Foundation.

“I will remember forever when Guy presented to me his idea for a $1 million buy-in charitable tournament that would soon be known as The Big One for One Drop. You have to remember that in 2012, super high roller tournaments rarely exceeded $100,000. Adding a zero was not the typical increment. Guy was so passionate about the idea and about the impact this tournament would have on access to water in the world that we decided to join forces immediately. I was far from imagining that 10 years later we would have raised over $25 million for the One Drop Foundation and have impacted so many lives. The entire poker community should be very proud of this achievement” said Ty Stewart, Executive Director of WSOP.

The One Drop Foundation was established in 2007 by Cirque du Soleil and Lune Rouge founder Guy Laliberté as an international foundation dedicated to ensuring sustainable access to safe water, sanitation and hygiene locally and globally. In the midst of a global pandemic, the One Drop Foundation and its partners kept making a difference and soon, their actions will have changed the lives of more than 2.3 million people around the world with 26 projects in 14 countries.

The funds raised during One More for One Drop will directly support One Drop Foundation’s safe water access initiatives both locally and around the world.

Alcohol and Gaming Commission of Ontario (AGCO)

Soft2Bet strengthens integrity monitoring with IBIA membership in Ontario

Published

1 day ago

May 6, 2024

GamingAmericas.com

soft2bet-strengthens-integrity-monitoring-with-ibia-membership-in-ontario

Soft2Bet, a leading casino and sportsbook platform provider, has joined the International Betting Integrity Association (IBIA) and activated its membership in Ontario, Canada, following its licensing in the Canadian province.

Soft2bet obtained its Certificate of Registration from the Alcohol and Gaming Commission of Ontario (AGCO) at the end of March, where the company’s Ontario-focused brand Tooniebet.com will now feed into IBIA’s world-leading sports betting integrity monitoring platform before worldwide implementation in the coming months.

IBIA includes over 50 of the world’s leading sports betting and gaming companies, who operate over 125 sports betting brands. Soft2Bet’s decision to join the association further strengthens its own internal betting integrity protocols and IBIA’s position as the world’s leading sports betting integrity monitoring body.

David Yatom Hay, General Counsel at Soft2Bet, commented: “Soft2Bet is delighted to be joining the IBIA as we strengthen our own betting integrity monitoring processes and play our part in furthering the IBIA’s long-standing work on this key issue. Ontario is a world class iGaming jurisdiction; it will be the first market where we will implement our IBIA membership and we look forward to deploying the monitoring infrastructure worldwide in all the other markets in which we operate.”

Khalid Ali, CEO of IBIA, said: “Soft2Bet is a very welcome addition to IBIA, further strengthening our position in the Ontario market. The operator’s decision to join IBIA demonstrates its desire to utilise the best integrity protection available for its sportsbook product. The association is delighted to be able to integrate Tooniebet within our integrity monitoring system and looks forward to working closely with Soft2Bet to maintain the high integrity of its sportsbook.”

IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators and for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.

Through the IBIA monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members generate more than $300bn in annual betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.

IBIA recently released a report on the Availability of Sports Betting Products which highlighted Ontario as a leading regulated gambling jurisdiction, with an expected onshore channelisation for sports betting of 92% in 2024 forecast to rise to 97% in2028. IBIA currently represents over 60% of the private sports betting operators licensed in the province. All online sportsbetting operators licensed in Ontario are required to be part of a betting integrity monitoring body.

IBIA’s Q1 2024 report detailed 56 alerts during the quarter. IBIA alerts contributed to the investigations and subsequent successful sanctioning of 21 clubs, players and officials in 2023, an increase on the 15 sanctioned in 2022.

British Columbia Lottery Corporation

SCCG Management Signs Contract with British Columbia Lottery Corporation

Published

1 week ago

April 29, 2024

GamingAmericas.com

sccg-management-signs-contract-with-british-columbia-lottery-corporation

SCCG Management has signed a contract with the British Columbia Lottery Corporation (BCLC), the B.C. Crown corporation which conducts and manages commercial gambling in the province, including lotteries, casinos, and online gaming. This partnership aims to undertake a comprehensive assessment and strategic enhancement of BCLC’s diverse operations.

The work between SCCG and BCLC will involve a thorough review of technological infrastructures, strategic market positioning, and the integration of various gaming modalities. SCCG’s extensive expertise will be pivotal in harmonizing BCLC’s online and physical gaming experiences.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Our collaboration with BCLC represents a remarkable opportunity to push the boundaries of innovation within the gaming industry. We are committed to deploying our resources and expertise to enhance BCLC’s operational efficiencies and customer engagement strategies. It’s an honor to partner with an organization that has a robust impact on the community through its support of public initiatives.”

AGCO

AGCO Requires Ontario Gaming Operators to Stop Offering WBA Bets Due to Integrity Concerns

Published

2 weeks ago

April 22, 2024

GamingAmericas.com

agco-requires-ontario-gaming-operators-to-stop-offering-wba-bets-due-to-integrity-concerns

The Alcohol and Gaming Commission of Ontario (AGCO) has mandated all Ontario-registered sportsbook operators to halt offering and accepting wagers on World Boxing Association (WBA) events immediately. This measure is being taken to protect the Ontario betting public following concerns that WBA-sanctioned boxing matches are not adequately being safeguarded against match-fixing and insider betting.

Since December 2023, the AGCO has been conducting a comprehensive review of suspicious wagering activity on a WBA-sanctioned title fight between Yoenis Tellez and Livan Navarro that was held in Orlando, Florida. Suspicious betting patterns on the bout lasting over 5.5 rounds were reported to the AGCO by two registered independent integrity monitors and detected in Ontario by a registered igaming operator. Media reports also alleged that Tellez’s Manager placed $110,000 on the match lasting longer than 5.5 rounds at a Florida casino. The bout ended with Tellez knocking out Navarro in the 10th round.

Following an intensive review that included outreach to the WBA, Ontario-registered gaming operators, independent integrity monitors, and regulators in other jurisdictions, the AGCO has concluded that bets related to WBA events do not currently meet the Registrar’s Standards for Internet Gaming.

The AGCO requires all Ontario-registered gaming operators to ensure the sport betting products they offer are on events that are effectively supervised by a sport governing body. At a minimum, the sport governing body must have and enforce codes of conduct that prohibit betting by insiders.

Registered gaming operators were unable to demonstrate to the AGCO that the WBA prohibits betting from insiders, which could include an athlete’s coaches, managers, handlers, athletic trainers, medical professionals, or others with access to non-public information. Further, registered gaming operators were unable to demonstrate that the WBA took any action to investigate or enforce the allegations of potential match-fixing and insider wagering.

The AGCO has indicated to registered operators that in order for WBA betting products to be reinstated in Ontario, operators must demonstrate that the WBA effectively supervises its events, thus bringing them into compliance with the Registrar’s Standards. In December 2022, the AGCO required gaming operators to stop offering bets on UFC events for similar issues related to insider betting safeguards. Within a month, UFC amended its policies and implemented new protocols that allowed the AGCO to reinstate betting on UFC events in the province.

“Ontarians who wish to bet on sporting events need to be confident that those events are fairly run, and that clear integrity safeguards are in place and enforced by an effective sport governing body. Knowing the popularity of boxing in Ontario, we look forward to reinstating betting on WBA events once appropriate safeguards against possible match-fixing and insider betting have been confirmed,” Dr. Karin Schnarr, Registrar and CEO of AGCO, said.