Canada

Mintas’ PlayUp restraining order revoked in US court

Published

2 years ago

January 10, 2022

Nevada’s District Court has denied PlayUp’s emergency motion for a preliminary injunction against its former US CEO, Dr Laila Mintas.

At a hearing last week, Judge Gloria Navarro ruled that PlayUp had failed to demonstrate that it was Mintas’ actions that led to the collapse of the operator’s acquisition by crytpocurrency exchange FTX.

Instead, she said that evidence provided in Mintas’ defence successfully demonstrated it was “just as likely or more likely” that the deal collapsed as a result of group CEO Daniel Simic’s actions.

Mintas’ memorandum submitted to the court between Christmas and New Year revealed that once the $450m acquisition price was agreed, Simic attempted to insert a number of additional costs into the agreement.

He looked to have FTX acquire PlayChip, a decentralised utility token designed for the betting and gaming sector controlled by PlayUp’s Australian management, for an additional $105m. Simic also attempted to secure $65m for “key staff”, including $25m for himself.

PlayUp’s argument centred on the fact that after Mintas had been asked not to attend a meeting with FTX in the Bahamas, she met with the business separately. After that meeting, FTX emailed the operator’s management to say it would not be pursuing the acquisition.

As FTX cited a lack of communication between the US and global businesses, PlayUp claimed that was evidence that Mintas’ meeting had led to the deal’s collapse. However the email also flagged potential conflicts of interest caused by the condition that PlayChip be acquired as well.

The judge noted this email was not provided to the court by PlayUp, despite it being relevant and placing things in a “much different light”. “[It’s] just more likely that this point, in my mind, that Dr Mintas was exercising her executive responsibility and that she was turned into the scapegoat.”

In her ruling, Judge Navarro noted that when she initially granted the temporary restraining order in December, an affidavit from Simic implied circumstantial evidence of Mintas threatening to “burn PlayUp to the ground”. Having reviewed Mintas’ evidence, the judge said she was less sure “whether the statement was even made”.

Ultimately, Navarro said that Mintas had provided substantial evidence that her comments did not cause the sale to fail, and PlayUp failed to provide evidence that she even made a disparaging comment to FTX.

In response to the injunction being denied, Mintas has filed claims for damages in excess of $75,000. She accuses PlayUp of abuse of process, after it deliberately omitted key information from its filing for a temporary restraining order.

She also claims relief for defamation, arguing the operator caused her to suffer “irreparable harm to her reputation, loss of income, devaluation of her shares, among other damages”. PlayUp also portrayed her in a false light by making these claims, and intentionally inflicted emotional distress on her.

The operator’s repeated reassurances that she was to be awarded a new contract, which was highlighted as causing the breakdown in the relationship between Mintas and PlayUp, makes the business guilty of “guilty of oppression, fraud and malice”, she argues. The fact it claimed to be finalising her contract while having no intention of doing so amounts to fraud, as she did not seek alternative employment during this period.

Finally, due to a separate temporary restraining order being secured in PlayUp’s home market of Australia, Mintas is seeking a declaratory judgement that the Australian injunction has no force or effect.

Based on the evidence provided in the US District Court, she argues that it is no more than an attempt to “gag” her, and ultimately as she is not a citizen of the country, should be made inadmissible.

While Mintas remains unable to comment due to this ongoing litigation, her legal representation stressed that she “strongly denies [PlayUp’s] allegations and will fight vigorously against the remaining claims and prosecute her counterclaims”.

Andrew Cochrane Chief Business Officer of GiG

GiG increases Ontario market presence, powering the launch of Casino Time

Published

2 days ago

April 18, 2024

GamingAmericas.com

gig-increases-ontario-market-presence,-powering-the-launch-of-casino-time

Gaming Innovation Group Inc. (GiG), has announced the launch of Casino Time, powered by its award winning iGaming platform and pioneering real-time rules engine LogicX, with revolutionary sportsbook, SportX soon to follow, to further extend its footprint in the regulated Canadian province of Ontario.

The launch of Casino Time carries extra significance, marking only the second time that on-demand, regulated online Bingo has been made available in Ontario. The new Bingo product vertical, launched alongside a strong Casino offering, will be boosted by GiG’s new sportsbook, SportX, as part of a planned release later this year.

GiG has focused its solutions on driving exponential growth in revenue for operators with its highly scalable iGaming platform, offering localised third party content and leading suppliers for the Ontarian market. GiGs peerless gamification layer creates an optimised and immersive casino experience tailored to regional preferences, swelling client retention and player engagement.

Canadian owned and operated, Casino Time is a joint venture amongst leading retail operators in Ontario’s Charitable Gaming sector, delivering Bingo, Slots and Live Dealer Casino Games. Promising a personalised service and community experience, Casino Time is continuing its long-standing partnership with local charities, introducing its joint fundraising model into the iGaming space for the first time.

Now coming towards the end of its second year of licensed operations, Ontario has emerged as one of the largest iGaming markets in North America, second only to New Jersey according to data supplied by Vixio. The first and as yet only Canadian province to launch a regulated market, Ontario boasts more than 1.6 million active player accounts spread over 40 plus operators, generating €1.3 billion in Gross Gaming Revenue (GGR) in its first year of trading, with this data supplied by iGaming Ontario.

Andrew Cochrane, Chief Business Officer of GiG, said: “GiG continues to set the pace with a strong cadence of brand launches in 2024, and I’m pleased that when operators are seeking platform solutions in regulated markets, GiG is leading the pack. Our partnership with Casino Time, will help deliver something new and exciting to the Ontarian market, and further helps to demonstrate the flexibility of our solutions, adapting to match the regional aspirations of our partners to deliver growth.”

D’Arcy Stuart, CEO of Casino Time, said: “We are thrilled to partner with GiG as the core technology provider of our iGaming platform. Their powerful suite of player engagement tools, as well as diverse content and regulatory integrations, underpin our ability to serve and delight our player community. Our hybrid online and offline customer network, as well as unique bingo offerings, will drive exciting opportunities as the platform and the marketplace continues to grow.”

Canada

Glitnor Group expands IBIA’s betting integrity presence in Ontario

Published

1 week ago

April 10, 2024

Adrienn Sarkany

glitnor-group-expands-ibia’s-betting-integrity-presence-in-ontario

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Glitnor Group, operating under the LCKY Group in Ontario, has joined the International Betting Integrity Association (IBIA). Glitnor Group’s luckycasino.ca brand sportsbook will feed into IBIA’s world leading betting integrity monitoring platform. The operator joins over 50 companies and 125 leading sports betting brands in IBIA and further cements the association’s position as the leading sports betting integrity monitoring body in Ontario and globally.

David Schwieler LCKY Group CEO, said: “At Glitnor Group, we’re dead serious about keeping our betting games fair and square. That’s why teaming up with IBIA is a big deal for us. We know how crucial it is to protect the spirit of sports, and we’re ready to roll up our sleeves and work closely with the IBIA to make sure sports betting stays exciting, speedy, and above all, fair.”

Khalid Ali, CEO of IBIA, said: “I am delighted to welcome Glitnor Group as IBIA’s latest member in Ontario. Glitnor and IBIA share a common goal to maintain the integrity of the sports betting marketplace and to protecting consumers and sports from match-fixing. Ensuring product integrity is paramount to our approach and we look forward to integrating Glitnor within our leading global sports betting integrity monitoring system.”

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 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 global monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members have over $300bn per annum in 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% in 2028. IBIA currently represents over 60% of the private sports betting operators licensed in the province. All online sports betting operators licensed in Ontario are required to be part of a betting integrity monitoring body.

IBIA’s 2023 annual integrity report detailed 184 alerts reported in the year, which represents a decrease of 101 (or 35%) on the revised 2022 figure of 285 alerts. 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.

The post Glitnor Group expands IBIA’s betting integrity presence in Ontario appeared first on European Gaming Industry News.

Bragg Gaming Group

Bragg Gaming Announces Resignation of Chief Financial Officer

Published

1 week ago

April 9, 2024

GamingAmericas.com

bragg-gaming-announces-resignation-of-chief-financial-officer

Bragg Gaming Group Inc., a global B2B gaming technology and content provider, announced that Chief Financial Officer (CFO), Ronen Kannor, has notified Bragg’s board of directors (Board) that he will resign from his position to pursue other career opportunities, effective June 3, 2024. The Company confirms that the search for a replacement CFO has commenced.

Matevž Mazij, Chief Executive Officer and Chair of the Board, commented: “We thank Ronen for his dedication and commitment to Bragg over the past four years and for his unwavering service as a pivotal member of the leadership team.

“During his tenure as CFO, the Company has undergone huge positive transformation including being uplisted to the Toronto Stock Exchange, dual listed on the NASDAQ and successfully completing two acquisitions, all while reporting consecutive years of revenue, gross profit and adjusted EBITDA growth. We wish Ronen all the very best in his future endeavors.”

Ronen Kannor commented: “It has been an honor to be part of the Bragg team which has successfully navigated many challenges and continued to deliver consistent growth over the past four years. I thank the Board for their support throughout my time with Bragg, and I am now fully focused on ensuring a smooth handover to my successor.

“Special thanks goes to my finance team, who work tirelessly to deliver the positive change and financial growth that the Company continues to achieve. I wish them and all of my colleagues continued success with Bragg now and in the future.”