North Star Gaming Holdings released a press release confirming that it has signed an agreement to acquire Slapshot Media. 카지노사이트 Through a final agreement, the Ontario-based gaming operator will acquire 100% of the issued and issued shares of Slapshot, a Canadian iGaming marketing and management services company. The company focuses on providing management services to Spreads.
Ontario Corporation is a relatively new gaming brand offering iGaming through North Star Betts, offering bettors access to premium online gambling and sports betting experiences. The platform is licensed by Ontario’s Alcohol and Gaming Commission, making it one of many regulated operators allowed to operate legally in the state’s iGaming division.
According to a report by the gambling operator, Northstar will now acquire Slapshot Media, which offers Wallinac’s Avenaki Council website Spreads.ca , which offers management services. Through a strategic agreement, Northstar expects to gain access to the Canadian market, expand its game brand outside of Ontario, and substantially strengthen its market through relationships with Spreads.
The acquisition of the website will further enhance the player experience in providing online casinos and sportsbooks, but the website will not be launched in Ontario. Under the terms of the agreement, the Company will purchase 100% of Slapshot’s issued and issued shares for approximately C$1.8 million. This transaction is subject to a customary post-closing adjustment for working capital.
Michael Moskowitz, CEO and founding partner of Northstar, says the acquisition helps the company’s ability to enter new markets faster as it introduces Northstar Betts to consumers across the country. He said the operator focused on expanding its brand exposure and that strategic purchases would position the company to grow rapidly across Canada.
Finally, the finalization of the transaction is subject to customary closing conditions, including, but not limited to, the approval of TSX Venture Exchange. The transaction is expected to be completed on or before May 5, 2023. The operator also expects the agreement to meet the criteria for policy 5.3 – “quick acquisition” based on the acquisition and disposal of non-cash assets.
In February 2023, Northstar and Playtech announced a Canada-wide partnership expansion aimed at delivering a cost-effective and high-margin model across the new Canadian market. The partnership also positions Northstar to take advantage of regulated iGaming markets in other provinces that will occur in the future.
It should also be noted that in September 2022, the Canadian brand signed a contract with Genius Sports to secure Genius Sports as Ontario’s official data partner. Since Genius Sports’ integration of Pre Match, Live Data and Live Tradin solutions, supported by the highest quality official data in its class, have been offered to users of sportsbook platforms.