A lot is currently happening in the Canadian gambling industry, and it's important we bring our readers up to speed about them. One of the biggest news headlines is “iGaming Ontario Reports $18.4 Billion Total Gambling Handle in Q2’ 2024.” Keep reading our Casimoose.ca casino news updates in this article to get all the latest information in the industry.
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You can trust Casimoose.ca to provide quality and honest information about the gambling sites listed on its website. Its mission is to share its expertise in the Canadian iGaming industry with its players and help them make the right decision based on the information it provides.
Ezugi, an Evolution Gaming subsidiary, has launched its live casino offerings in Ontario, Canada. It focuses on providing content, including table games, roulette, blackjack, baccarat, and live game shows, which are streamed in its studios in Europe.
Bet99 and TheScore Bet are the casino brands that will feature live casino games from Ezugi on their sites. Some of these game titles include Lucky 7, Ultimate Andar Bahar, Andar Bahar, and Ultimate Roulette.
Ezugi is expected to roll out new offerings in the Ontario market in the next few months.
The Vancouver City Council wants to consider a proposal to relax the restrictions on expanding casinos in the region. A staff report was submitted to this effect on May 8, 2024 that proposed the expansion of some gambling venues in the region.
The British Columbia Lottery Corporation has plans to expand two casinos in the region - Hastings Racecourse and Casino and Parq Casino Vancouver. This corporation is proposing that these gambling venues add more table games and slot machines to their offerings.
The Parq Casino has 600 slot games and 61 table games, while Hastings currently has 446 slot games. However, the report doesn’t specify how many more games the lottery corporation wants to add to these gambling venues.
The Kahnawake Gaming Commission has shut down Magic Palace after the operator’s license was terminated amid allegations that the gambling venue was used for money laundering.
The announcement of the suspension of the gambling operator was made on March 25, 2024. Magic Palace was ordered to immediately stop all its operations based on the investigations conducted into the gambling venue for the past few months. The following day, March 26th, 2024, the Gaming Commission issued a statement stating that the Mohawk Council of Kahnawake had ended its agreement with Magic Palace.
In the statement released by the Mohawk Council of Kahnawake on March 26, 2024, it justified the decision to cut ties with Magic Palace because of the allegations that the gambling venue was used for criminal activities.
BetMGM, one of the biggest gambling sites in the iGaming industry, recently announced that their loss is expected to be more than what they earlier anticipated. It recorded a huge loss of $123 million for the first half of the year, and the projections for the second half of the year show an anticipated loss of $250 million. Entain, one of the shareholders of the company, lost 10% of its shares in the company due to this huge loss. Despite this setback, the company remains resilient and ready to adapt to new changes that might help it back up.
Interestingly, BetMGM holds a 13% market share in the US and Ontario, Canada.
iGaming Ontario revealed that it saw significant growth in its regulated online gambling platform for the second quarter of the 2024/2025 fiscal year. Its total gambling handle between April and June 2024 reached $18.4 billion, which is a 31% increase from the same period last year.
iGaming Ontario reported that its total gaming revenue increased to $726 million in the second quarter, which is a 34% increase from the same period last year.
One of the biggest news that came out of the Canadian gambling industry was the news of iGaming Ontario making $18.4 billion in revenue for the second quarter of 2024. Another news headline that made it to the list of casino news at Casimoose.ca was the news of Ezugi launching its live casino offerings in Ontario, Canada.
