David Hair, a 50-year-old Ontario man, was sentenced to three years in prison and a $3 million fine for his role in organizing a massive, but illegal, Canadian sports betting ring. Hair was the head of the Platinum Sportsbook (Platinum SB) a pay-per-head (or credit betting) site that had hundreds of players and earned tens…
Financial regulators in Ontario are sharing new information regarding allegations of insider trading related to the 2014 sale of Amaya Gaming. This latest information focuses mostly on the dealings of employees at an investment firm called Aston Hill Financial. Aston Hill Financial was one of the companies that Amaya Gaming chose to help finance Amaya…
Former Amaya Gaming CEO, David Baazov is offering $3.65 billion to assume control of the company. Baazov's offer comes just days after the company announced its Q3 results which included a hefty boost in revenues. Baazov's bid, according to a recent report on CalvinAyre.com, will be formally submitted some time this week. His offer, which…
The cyber criminals responsible for hacking into the Casino Rama, a tribal casino in Ontario, Canada, have upped the stakes in their game by posting reams of personal data from their big haul. Casino Rama, which is run by the Rama Band, was initially hit by the hackers late last week in a breach that…
Canadian lawmakers have said, "no," to a bill that would have allowed regulated single game sports betting for citizens of America's northern neighbor. The Safe and Regulated Sports Betting Act, was shot down in a 153-133 House of Commons vote that supporters of the bill say is a victory for organized crime. While the bill…
Canadian lawmakers are gearing up for a vote on a sports betting bill that would give local government the power to license regulated bookmakers. The bill is a long ways from becoming a law, but it stands a good chance of at least seeing a vote. According to a report on LegalSportsReport.com, the Canadian House…
Canadian lawmakers are looking at a bill that would legalize single game sports betting and, so far, they don't seem to like what they're seeing very much. If approved, C-221 would allow individual provinces to offer single game sports betting to their residents. Under current Canadian law, only multi-game parlay wagers are legal in the…
Betfair recently announced that it is exiting the Canadian sports betting market and will no longer be taking action from Canadian players. Though no one is certain exactly what triggered the move, it's believed that it has something to do with the company's impending merger with Paddy Power. The announcement, which was made in the…
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