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RevoluGROUP Canada Inc. Provides Corporate Update

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RevoluGROUP Canada Inc. Provides Corporate Update
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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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The Future For The Online Gambling Market in Canada

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The Future For The Online Gambling Market in Canada
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This week Private Members Bill C-218 to legalise single event sports betting in Canada received Royal Assent.

This seismic event paves the way for a dramatic change in the gambling industry in Canada with the opportunity for provincial government-run sites like PlayNow in British Colombia and the OLG in Ontario to add sports betting markets to their product portfolios, and, should they choose, each province to open up the market for private betting firms to be licensed to operate in the territory.

Before now punters in Canada could only bet on the outcome of individual games at sports by using offshore gambling sites. Bettors must use review sites like thecasinoheat.ca if they want to find out where they can play with safe operators who are licensed outside of Canada in jurisdictions like Malta or Gibraltar.

So to the future, and much like the situation in the United States, where legalisation of sports betting is happening state by state and with different rules and regulations in each one, so the same is expected for the provinces of Canada.

Bill C-218 broadly allows for single-game bets in Canada, allowing either the province, or a business or other entity licensed by the province to run a ‘lottery scheme’ in which single event bets are taken.

However, how this scheme is executed is down to each individual government.

 

Ontario

It is widely expected that the private sector will play a big part of the gambling market, both online and offline in the next decade, with Ontario leading the way in making plans for a fully regulated and competitive market much like that being built south of the border.

Indeed, Ontario’s plans for a new iGaming market are intended to come to fruition in late 2021, and whilst the specifics are not yet clear, it is expected that they will include both sports betting and casino and other games provided by private companies.

A discussion paper published by the Ontario government in March 2021 suggests that revenue share agreements between private companies and a newly formed Alcohol and Gaming Commission of Ontario (AGCO) would be the best way to move forward, with firms paying a share of all revenues generated through games and betting to the AGCO rather than through taxation.

With this model, and by leveraging existing game and platform testing and auditing required for alternative jurisdictions, it is believed that private companies could be up and running by the end of the year.

So in Ontario, the future is very much for the existing government-owned Ontario Lottery and Gaming Corporation (OLG) to exist alongside new betting firms operating in the province, with single event sports betting added to its OLG website as soon as it is legal to do so, maybe even by September.

 

British Columbia and the Other Provinces

Whilst Ontario has taken the lead with its discussion paper and moves to establish the groundwork for a new gambling market that will include casino and poker products from established betting firms, in other provinces the focus for now is solely on capitalising on the opportunities provided by the legalisation of sports betting.

In British Colombia the British Colombia Lottery Corporation plans to implement new betting markets on its PlayNow website as soon as they legally can, with in-person betting at land-based casinos expected to follow in the longer term.

The same is likely to happen in Alberta where the government-run PlayAlberta website is set to add betting markets later this year. Meanwhile, land-based venues may offer the opportunity for single event sports betting at a later date.

 

Conclusion

Canada has been a long time in catching up with the other regulated gambling markets in Europe and the States, but with the passing of Bill C-218 and now Royal Assent, the opportunity has arrived to provide bettors with safe and competitive products, whilst bringing much-needed revenues into the government that had previously been going to offshore firms. The new bill will also hasten the move towards a new framework for all types of online gambling in Canada in which private operators running casino games will also be able to take bets from punters there legally for the first time.

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Can Canada Take Lessons From European Nations Who’ve Legalised Sports Betting?

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Can Canada Take Lessons From European Nations Who’ve Legalised Sports Betting?
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Canada is another step closer to legalizing single-event sports betting, with a new bill proposing to overturn a federal ban on this kind of wagering recently securing approval in the House of Commons.

Currently, Canadian law only allows for parlay bets, meaning wagers must be placed on multiple selections, all of which have to come good for the parlay to win. If Bill C-218 becomes law, however, the market will potentially be opened up to sportsbooks offering single-event bets. It will signal the start of a new era, just as the overturning of a similar federal law in the US did in 2018.

Although technically outlawed, single-event gambling has not been impossible in Canada. Speaking in parliament, MP Kevin Waugh pointed out that single-event sports gambling is a $14 billion dollar industry in Canada, with the money going into the pockets of off-shore betting sites and black market bookies.

Summing up the problem with illegal betting, Waugh said, “There are no consumer protections in place. There are no problem gambling programs offered and no guidelines that bookmakers are required to follow. This also means that the economic benefits are not being felt by Canadians.”

While Canada may be poised to enjoy a big cash injection through the legalisation of single-event sports betting, what about the issues that come with opening up legal gambling? Canada will inevitably want to look at other nations which have long since allowed it, and learn lessons from the challenges and controversies they’ve dealt with.

 

Problem gambling and young fans

One of the issues with opening up sports betting is the potential risk of a rise in problem gambling. According to a study by the University of Guelph, sports bettors are at a higher risk of problem gambling compared to other types of gamblers. However, the problem isn’t so much with sports betting itself, as it is with the typical personalities of people who enjoy betting on sports. According to the researchers, sports gamblers tend to have a more optimistic, idealistic attitude towards gambling compared to non-sports gamblers.

Since the US Supreme Court repealed the Professional and Amateur Sports Protection Act (PAPSA) in 2018, a whole string of states have chosen to allow legal sports betting, yielding useful data on gambling patterns. A large-scale study by the American Gaming Association shows that 69% of sports bettors are male, with 45% in the 23-34 year old age bracket.

The takeaway from such research is that gaming authorities and charities in Canada may need to focus particular attention on younger, male gamblers who can so often fall into risky behaviour patterns. At the same time, lessons should also be learned from countries like the UK, where the widespread availability of betting sites on platforms like smartphones has seen a steep rise in women problem gamblers. Experts have highlighted that social stigma rooted in expectations that women are level-headed “caregivers” can lead to females flying under the radar when it comes to gambling addiction.

The UK has a long-established sports betting market, with gambling being further opened up with the Gambling Act 2005. An issue that has caused concern is the potential targeting of adolescents by gambling firms. A recent University of Stirling study showed that 96% of 11-24 year olds had seen some sort of gambling marketing in the previous month.

While there have been attempts to mitigate the issue – for example, by banning gambling adverts during live sports games broadcast before 9pm – controlling the problem on social media has become more of a challenge. Social media accounts for betting companies may feature content that’s interesting to young sports fans, especially when it comes to esports. This is another potential minefield that legislators in Canada may have to navigate.

 

Normalization of sports betting

Canadian lawmakers may also want to consider the significant controversy around how marketing sports betting can inextricably link sports with gambling within the culture. One of the countries with the highest gambling losses per adult is Australia. In 2017-18, this stood at a huge $1,292 AUD per adult for the year, with sports betting losses seeing the largest percentage increase. A 2017 article in the Harm Reduction Journal explored the normalisation of gambling in sports, and concluded that marketing aimed at young men was strongly linked to this mindset.

Many participants in the Australian study talked about how sports commentary links the game with gambling, using specific betting language and focusing on performances and stats. Some sports broadcasts rely on odds given by bookmakers, even crossing over to them during the broadcast to give live odds. In the words of the report, “Most participants stated that crossing to bookmakers throughout the match had become such a normal part of the game that they rarely thought to challenge the presence of these forms of promotions”.

In the UK, there’s been fiery debates around gambling companies advertising on soccer shirts. Eight Premier League teams currently advertise gambling companies on their team kit, while money from the gambling industry is also poured into lower-level leagues. Campaigners in the UK have long been voicing strong opposition to this influence, though they have had pushback from figures within football who cite the lifeline that lucrative sponsorships have brought the sport, particularly during the economic catastrophe of Covid-19. A new era of sports gambling in Canada may well bring such debates to the Great White North.

 

Creating laws and setting limits

Another challenge is getting gambling legislation right. For example, the UK’s Gambling Act 2005 was written at a time when online sports betting was still evolving, before the rise of smartphones made it accessible in an unprecedented way. The UK is set to update its gambling laws in 2021, and it’s speculated that there may be sweeping changes regarding online stake limits, deposit payment methods, and advertising. There will also be a review of VIP and loyalty schemes, which often target sports bettors, and can carry a higher risk of fraud and problem gaming.

Right now, many companies operating within the industry – including sites aimed at Canadian bettors – make a point of applying their own regulatory standards. For example, affiliate site BestOnlineCasino.ca vets its listed operators, making sure they meet compliance standards before recommending them to users.

Reputable online casinos and sportsbooks also have their own policies and tools to help people gamble responsibly, from deposit limits to algorithms that can detect risky behaviour.

The upshot is that, if and when Canada brings in single-event sports betting, it will have other countries’ experiences to draw on, and legislators will no doubt be looking around to see what kind of laws have been introduced and what’ll need to be included from day one.

As such, it could be argued that Canada has a significant advantage over other countries which implemented sports betting years or decades ago. While places like the UK have had to tweak and adapt legislation over time (with the UK Gambling Commission recently slapping online casinos with new rules on how slot games operate, for example), Canada will have a much clearer view of the ramifications of sports betting. It’s clear that the lawmakers know the potential impact of legalisation, but now it’s up to them to ensure they build a framework for safe and fair gambling in the country.

 

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Fortuna Gaming: Wizard Slots Launches in Canada, Ireland, and New Zealand

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Fortuna Gaming: Why King Casino Is Becoming One of The Most Popular Online Casino's in The World
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A new online casino has launched in Canada, Ireland, and New Zealand.

Wizard Slots, which is home to over 500 slot games, will now be accessible in Canada Ireland, and New Zealand to players over the legal gambling age. Wizard Slots is a popular slot game website in the United Kingdom, and the company is now expanding to other locations across the world.

Online gambling is a large worldwide industry and it continues to expand along with changing laws and legal practices.

With the launch of Wizard Slots in Canada, Ireland, and New Zealand more than 500 slot games will now be available online to players of legal gambling age. Games include famous titles such as Fluffy Favourite Slots and Starburst Game, which are two of the most popular online slot titles in the UK.

Wizard Slots is a casino website that requires players to create an account before they can access any of the slot games or promotions available online. The website boasts new games being released weekly, and it is currently one of the most popular online casinos in the UK for slot games.

Online slot games are a form of gambling where the objective of the game is to spin the reel and match symbols. This is the most popular form of online gambling in the UK, which has caused Wizard Slots to expand their reach to be accessible in countries such as Canada, Ireland, and New Zealand.

Wizard Slots is an online casino that is accessible on desktop, mobile, and tablet devices in the UK and now Canada, Ireland, and New Zealand following the launch.

The company is fully authorised and regulated by the UK Gambling Commission for players within the United Kingdom. They also are now regulated under the AGCC in their new locations, Canada, Ireland and New Zealand.

For more information regarding the regulation of Wizard Slots and responsible gambling, please see the website: https://www.wizardslots.com/

Fortuna Gaming owns and operates over 20 casino brands throughout different GEO’s that includes Wizard Slots.

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