News Release
Sports Betting Ads in Canada Could Soon Be Banned
MarketJar
If you’ve watched any of the recent sports games in Canada, you were likely ambushed by a series of sports gambling advertisements featuring famous athletes like Wayne Gretzky, George St-Pierre or Connor McDavid. In Ontario, the prevalence of gambling ads has increased significantly since the province launched regulated online sports betting last April, but one group is looking to have them banned. The Campaign to Ban Gambling Advertising is led by prominent Canadians who believe sports betting ads are harmful to young people and those with a gambling addiction. The group, which was launched by former Toronto mayor John Sewell and Greater Toronto Hockey League board member Karl Subban, father of former NHL star P. K. Subban, hopes for new advertising restrictions similar to that of alcohol and cannabis. Of course, Subban and Sewell are not alone in their sentiments. A recent poll found that 48% of Canadians believe that sports betting sites advertise excessively in Ontario. According to a study of gambling behavior released by Statistics Canada last year, more than 300,000 Canadians are at “severe” or “moderate risk” for gambling-related issues. The Alcohol and Gaming Commission of Ontario (AGCO) is considering banning sports and celebrity iGaming advertising. If the new laws are implemented, any gambling ads that include active or retired athletes will be prohibited. They would also make it illegal for businesses to use cartoon figures, social media influencers, celebrities, and symbols or role models that are "reasonably expected to appeal to minors" in their advertising. The new regulations would be added to the province's internet gambling advertising requirements. According to iGo, there have been more than 1.6 million active player accounts on websites managed by companies with agreements with iGaming Ontario (iGo) since Ontario became the first province in Canada to create an open, regulated iGaming industry. There are about 40 operators with such agreements, with 31 offering sports betting. On April 4, iGo reported that in the first year of the legal online gambling market, the province generated "about $35.6 billion in total wagers and approximately $1.4 billion in total gaming revenue." However, those figures do not only include sports betting, but include casino games and peer-to-peer poker. The iGo data does not specify the percentage of wagers that were solely on sports. Engaging, Attracting and Retaining Sports Bettors With Content One company that’s doing things differently is NorthStar Gaming Holdings Inc. (TSXV:BET). Instead of spending money to hire an athlete as a brand ambassador, Northstar is producing original, hyper-local sports content to increase brand awareness and stickiness among their player base. The company’s premium local sports content includes columns, live Q&As and other appearances from Northstar Sr. NHL insider Chris Johnston - one of Ontario’s most familiar and popular voices on the Toronto Maple Leafs - plus hundreds of sports betting articles and social media content produced monthly and distributed on social and on the Nortstar Bets website and app by Northstar’s team of expert sports betting writers. Additionally, in keeping with its made-in-Ontario strategy, NorthStar Gaming has partnered with Parleh Media Group, Canada's first sports betting content network, to create a variety of dynamic sports betting-themed videos, podcasts, and social media content, much of it featuring Northstar’s own content team. NorthStar Gaming syndicates the content across its own domains as well as third-party channels, including Torstar Corporation's digital and social platforms. As Ontario is currently considering a ban on celebrity sponsorship of igaming properties, NorthStar ’s decision to not pursue an athlete ambassador, but instead rely on a high-profile hockey insider and premium betting content, was a smart choice that provides the company with a clear competitive advantage. NorthStar 's position as an industry innovator and leader in the growing intersection of igaming and media is strengthened by this agreement. NorthStar Gaming is the one and only official sportsbook and casino affiliate partner for Parleh's owned and managed digital platforms in Ontario. NorthStar Gaming Holdings Inc. (TSXV:BET) runs NorthStar Bets, a casino and sportsbook gambling platform with a decidedly local feel. The platform features a sportsbook that gives real-time news, data, analysis, and scores immediately within the betting environment, as well as a large choice of popular online casino games. NorthStar Bets was created in collaboration with Playtech PLC (LSE:PTECH) (OTC:PYTCY), a major provider of B2C gaming technology. Playtech became NorthStar 's strategic software and services supplier, supplying its IMS platform and casino services to Ontario's gambling sector as part of the relationship. Playtech also made a C$12.25 million strategic investment in Northstar Gaming to spur expansion and growth in the Canadian industry. This investment completed Northstar 's reverse takeover (RTO) financing, raising a total of C$22.33 million in gross revenues. NorthStar Gaming provides an unrivaled casino and sportsbook experience, in addition to live, on-call agents and original sports news and gaming content. The company benefits from its local presence by leveraging its strong Ontario roots, allowing it to keep in tune with the province's preferences and adapt accordingly. Because of collaborations and agreements with notable media companies, including an omnichannel advertising and marketing services agreement with Torstar Corporation, the founder of the Toronto Star, NorthStar is well-positioned to become a leader in the intersection of sports media and sports wagering. NorthStar, which is regulated by the Ontario Alcohol and Gaming Commission (OAGC) and operates under an operating agreement with iGaming Ontario, is committed to being a gaming industry leader by following the highest security and integrity standards demanded by Canadians. Slapshot Media, a Canadian iGaming marketing and managed services company, was acquired by NorthStar Gaming on May 8. Through its affiliation with Spreads.ca, an iGaming site owned and run by the Abenaki Council of Wolinak, NorthStar 's position in the Canadian market outside of Ontario is enhanced, and its target market is greatly expanded. For more information about NorthStar Gaming Holdings Inc. (TSXV:BET), click this link or visit their website at northstargaming.ca. Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, NorthStar Gaming Holdings. Market Jar Media Inc. has or expects to receive from NorthStar Gaming Holdings’ Digital Marketing Agency of Record (Native Ads Inc) one thousand one hundred USD for this article. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding NorthStar Gaming Holdings’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to NorthStar Gaming Holdings’ industry; (b) market opportunity; (c) NorthStar Gaming Holdings business plans and strategies; (d) services that NorthStar Gaming Holdings intends to offer; (e) NorthStar Gaming Holdings’ milestone projections and targets; (f) NorthStar Gaming Holdings’ expectations regarding receipt of approval for regulatory applications; (g) NorthStar Gaming Holdings’ intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h)NorthStar Gaming Holdings’ expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute NorthStar Gaming Holdings’ business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) NorthStar Gaming Holdings’ ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) NorthStar Gaming Holdings’ ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) NorthStar Gaming Holdings’ ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of NorthStar Gaming Holdings to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) NorthStar Gaming Holdings operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact NorthStar Gaming Holdings’ business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing NorthStar Gaming Holdings’ business operations (e) NorthStar Gaming Holdings may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, NorthStar Gaming Holdings undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does NorthStar Gaming Holdings nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither NorthStar Gaming Holdings nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of NorthStar Gaming Holdings or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of NorthStar Gaming Holdings or such entities and are not necessarily indicative of future performance of NorthStar Gaming Holdings or such entities. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com
June 07, 2023 09:00 AM Eastern Daylight Time
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