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World Leading Mobile Game Developer Kabam to Expand North American HQ with Lease in Vancouver Centre II

George Miller

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World Leading Mobile Game Developer Kabam to Expand North American HQ with Lease in Vancouver Centre II
Photo Source: gwlranews.com
Reading Time: 3 minutes

 

Kabam set to lease 105,000 square feet in cutting-edge Vancouver office tower

 

Vancouver-based mobile game developer, Kabam, announced the next phase of its growth with the long-term lease of 105,000 square feet across seven floors at Vancouver Centre II (VCII). The project, which is being developed by GWL Realty Advisors, has a targeted completion date of 2021. VCII will be the first office tower completed in the current cycle of downtown office development.

Kabam is excited to collocate into one unified, agile work environment. The company thinks the amenities are fantastic, and they know their four-legged team members will be excited to have a special place to enjoy as well.

“Kabam is exactly the kind of forward-thinking, industry-leading firm we had in mind when we designed VCII,” says Geoff Heu, Vice President, Development – Western Canada, GWL Realty Advisors. “With VCII’s premier location in the downtown tech hub and its direct connection to two transit lines, it’s not surprising the building is already one-third leased before excavation is even complete. With the current exceptionally low office vacancy rate of 3.9 per cent, we are confident that VCII will be fully leased prior to completion.”

Founded in 2006, Kabam has become a global leader in multi-player mobile games with blockbuster releases such as Marvel Contest of Champions, which has had more than 168 million downloads worldwide since 2014. With over 400 employees across its Vancouver, San Francisco and Austin offices, Kabam sees Vancouver as a key part of its long-term expansion plans.

As VCII’s lead tenant, Kabam will have access to first-class amenities, including the 29th Floor Skyline Rooftop Deck; a state-of-the-art fitness facility and yoga studio; end-of-trip cycling facilities; and dog-friendly facilities. The project is targeting LEED Platinum certification and is registered with the International WELL Building Institute. VCII’s Wired Certification will ensure it has the digital infrastructure to addresses the advanced technology needs of today and the capacity to upgrade to meet future needs.

Kabam’s quest for a new location was driven by its long-term growth plans. After partnering with Colliers International to determine key criteria, it became evident that Kabam’s property search should be driven by the needs of current and future employees. Following a comprehensive review of available properties, Kabam found that VCII checked more boxes than any other offering and met the most important criteria for supporting Kabam’s team and their long-term growth for years to come.

“We were thrilled to be able to assist Kabam with such an exciting project, and we’re happy to have found a great option like VCII,” says Matt Carlson, Vice President, Colliers International Canada. “It was also very refreshing to see Kabam’s leadership take an employee-first approach, by asking what their real estate can do to improve the overall workplace experience for their team, and how they can attract and retain the best talent in the industry.”

When complete, VCII will sit squarely in the middle of Vancouver’s new commercial office district, which has shifted east in recent years. GWL Realty Advisors is developing VCII on behalf of owners: The Healthcare of Ontario Pension Plan, the Great-West Life Real Estate Fund, and London Life Real Estate Fund.

 

About Kabam:
Kabam is a world leader of massively popular multiplayer games for mobile devices. High quality graphics and next generation technology are the hallmark of Kabam games. The company merges the art of game design and the science of consumer behavior to create immersive games enjoyed by millions of players around the world.

Kabam has partnered with leading entertainment companies with iconic franchises such as Marvel, Disney, Hasbro and Universal.  Kabam’s games have generated hundreds of millions of downloads including: Fast & Furious 6: The Game, Fast & Furious: Legacy, Marvel Contest of Champions and Transformers: Forged to Fight. These games have also received multiple awards such as Apple’s Editor’s Choice and Google Play’s Best Game of the Year.

Founded in 2006, Kabam has studios and offices in Vancouver, San Francisco, California, and Austin, Texas. Kabam is a wholly-owned subsidiary of Netmarble Corporation.

About GWL Realty Advisors:
GWL Realty Advisors Inc. is a leading North American real estate investment advisor providing comprehensive asset management, property management, development and specialized real estate advisory services to pension funds and institutional clients. GWL Realty Advisors Inc. manages a diverse portfolio of office, industrial, retail and multi-residential assets as well as an active pipeline of new development projects. In the United States, the Company provides real estate advisory services through its wholly owned subsidiary, EverWest Real Estate Investors, headquartered in Denver, Colorado. To learn more, visit www.gwlra.com.

 

Source: GWL Realty Advisors

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Canada

RevoluGROUP Canada Inc. Provides Corporate Update

George Miller

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RevoluGROUP Canada Inc. Provides Corporate Update
Reading Time: 3 minutes

 

RevoluGROUP Canada Inc. . Due to recent trading volume the Company wishes to announce an update.

  • RevoluEGAME concludes final integration of 60k extra games with RAWG
  • RevolUTILITY reaches 20K worldwide offers
  • RevoluESPORTS development update

RevoluEGAME Reaches 350,000 Games Available

Further to the news release dated 3rd January 2020, the RevoluEGAME vertical debuted with +3000 mobile/console-based games. In conjunction with Rawg, RevoluEGAME has gradually increased the mobile/console-based games available, having concluded the final tranche of 60,000 extra games on February 17th 2020. RevoluEGAME now boasts over 350,000 video games dating back to the 1980s and, right up to the very latest 2020 releases. The platform allows the worldwide selection and payment of entire mobile/console-based games and in-game play credits, now for +350,000 of the most popular games worldwide. RevoluEGAME leverages the company’s RevoluPAY® proprietary Apple and Android multinational payment App in the rapidly expanding sector of Online Video Gaming, also known as Egaming. According to NewZoo, a prominent Egaming publication, the Egaming sector grossed $137.9 Billion USD in 2018, a number that is projected to rise sharply as more players switch to Online gaming over the legacy DVD based consoles. As with all revenue verticals, the company’s banking authorized proprietary RevoluPAY® App holds center stage as the only method by which gamers can interact financially with RevoluEGAME

RevolUTILITY reaches 20K worldwide offers

The company is pleased to announce that RevolUTILITY has also been updated to now over 20k offers currently available. The latest updates include extra: gift cards, software licenses and increased online gambling platforms. The platform now boasts approximately +20000 worldwide offers immediately payable through RevoluPAY.

RevoluESPORTS Development Update

The Company began development of its upcoming revenue vertical RevoluESPORTS on November 1st 2019. RevoluESPORTS will leverage the RevoluPAY® proprietary Apple and Android multinational payment App in the rapidly expanding ESPORTS arena. Global Esports revenues hit over $1.1 billion in 2019, up 27 percent from 2018 amid ballooning revenues from: game credits, advertising, sponsorship and media rights to competitive video gaming competition sports via mobile and console video games. Esports tournaments are a significant factor in the video game industry and the company will gear RevoluPAY toward this professional esports subculture. The company is currently adding further functionality to the platform to include event ticket purchase and event organizer integrated stadium payment systems. As with all revenue verticals, the company’s banking authorized proprietary RevoluPAY® App will hold center stage as the only method by which Esports enthusiasts, event organizers and players can interact financially with RevoluESPORTS.

About RevoluPAY®

The Company’s flagship technology is RevoluPAY®, the Apple and Android multinational payment app. Built entirely in-house, RevoluPAY features proprietary, sector specific, technology of which, the resulting source code is the property of the Company. RevoluPAY’s built-in features include: Leisure payments, Travel Payments, Retail and Hospitality payments, Remittance Payments, Real Estate Payments, pay-as-you-go phone top-ups, Gift Cards & Online Credits, Utility Bill payments, etc. RevoluPAY is powered by blockchain protocols, and, is squarely aimed at the worldwide multi-billion dollar leisure sector and, + $595 billion family remittance market. RevoluPAY® is operated by the European wholly owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L operates under European E-money – Directive 2009/110/EC through a licensed electronic money institution or EDE Banking Licensed entity. RevoluGROUP Canada Inc. controls 5 wholly owned subsidiaries on 4 continents.

About RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a multi-asset, multidivisional publicly traded Canadian company deploying advanced technologies in the; Online Travel, Vacation Resort, Mobile Apps, Money Remittance, Mobile Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice factoring, Blockchain Systems, and Fintech app sectors.

For further information on RevoluGROUP Canada Inc. (TSX-V: REVO) visit the Company’s website at www.RevoluGROUP.com. The Company has approximately 158,139,272 shares issued and outstanding.

RevoluGROUP Canada Inc.

 

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Canada

2019—2020 THIRD QUARTER – Loto‑Québec is on track to meeting its

George Miller

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2019—2020 THIRD QUARTER - Loto‑Québec is on track to meeting its
Reading Time: < 1 minute

 

Three-quarters through the 2019-2020 fiscal year, Loto-Québec reports total revenues of $2.101 billion and consolidated net income of $1.082 billion.

QUOTE

“At this point in the fiscal year, we can confidently announce that we are on track to meeting, and even exceeding, our annual net income target of $1.295 billion,” said President and CEO Lynne Roiter.

HIGHLIGHTS

  • In the lottery sector, revenues declined compared to the same period last year. The decrease is due to Lotto Max, which offered fewer jackpots of $50 million or more and Maxmillions prizes than in 2018–2019, which was an exceptional year as for the number of major jackpots offered.

     

  • Loto-Québec paid out several major prizes during the last quarter, including jackpots of $50 million and $32 million.

     

  • Casino and gaming hall revenues continued their upward trend.

 

  • The online gaming site once again recorded higher revenues for both lottery and casino games.

 

  • Revenues from the bar network were lower, mainly because of terminal withdrawals in areas targeted by the video lottery terminal network action plan.

 

  • Revenues from bingo and Kinzo halls continued to grow.

 

  • The World Lottery Association has renewed Loto-Québec’s Level 4 Certification—the highest level of accreditation for responsible gambling in the world.

     

  • December 23, 2019, marked 50 years since the inception of Loto-Québec. The Corporation will be highlighting its history and launching several initiatives geared at its customers throughout the year.

The quarterly report is available on Loto-Québec’s website.

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Canada

Atlantic Lottery Board announces appointment of Chris Keevill as next President and CEO

George Miller

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Atlantic Lottery Board announces appointment of Chris Keevill as next President and CEO
Photo Source: alc.ca
Reading Time: 2 minutes

 

The Board of Directors of Atlantic Lottery is pleased to announce the appointment of Chris Keevill as the organization’s next President and Chief Executive Officer. Keevill brings to the position more than 20 years of experience in digital transformation, innovation, marketing and media at the regional, national and international level. Keevill will officially join Atlantic Lottery on May 1, 2020.

“It is an honour to be selected to lead the outstanding team of employees at Atlantic Lottery who are firmly committed to delivering on the corporation’s core strategy of growing its player base, improving player experience in a digital world, and modernizing the corporation’s capabilities to deepen its relationships with players. I’m looking forward to embracing the opportunities ahead,” Keevill said.

“These key strategic business areas are clearly underlined by a firm commitment to social responsibility,” he added.

“My roots are in Atlantic Canada and for many years I’ve witnessed Atlantic Lottery being recognized throughout the region as a leader in contributing to the community — both through delivering on its mandate to deliver 100 per cent of profits to help fund important public services, and through its commitment to supporting important causes and grassroots events around the region each year.”

Keevill is leaving his prior role as CEO of Colour.

Sean O’ Connor, Chair of Atlantic Lottery’s Board of Directors, said he and the rest of the Board are thrilled to have found someone of Keevill’s caliber.

“Keevill’s proven track record of execution and extensive experience with digital transformation and innovation, combined with his personal commitment to his community, will serve him well as he steers Atlantic Lottery into the future as a competitive, innovative, responsible gaming company.”

Chris Keevill is taking over from Brent Scrimshaw, who has served as President and CEO since 2011 and will retire from Atlantic Lottery with 13 years of service to the organization.

“The Board of Directors would once again like to thank Brent for his outstanding leadership during his tenure with Atlantic Lottery,” O’ Connor said. “Brent will remain as President and CEO until May 1, and during that period will continue to manage the organization and facilitate a seamless transition of leadership.”

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