One of Ontario’s now\u002Dmany operators of online sports betting sites is pulling the plug on its operations in Canada’s most populous province.
A harsh climate
they had a “slower-than-anticipated start” in the province. The company’s chief financial officer added that they had “softened” their outlook for Ontario due to the “intensely competitive environment.” “The company is focused on maximizing profitability and investing capital and resources into only the highest return regions,” GAN said in an email to Covers. “Unfortunately, given the competitive nature of the market and the heightened promotional environment we didn’t see a near-term path to profitability, so we are reallocating our resources elsewhere.”
Ontario charges iGaming operators around 20% of their revenue to do business in the province. Operatorsmust pay an annual regulatory fee of $100,000 per gaming site.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ontario woman with 'birthing fetish' accused of fraud, sex assault against doulasShe allegedly used a story of a stillbirth because many registered doulas will not charge for coaching a woman through a stillbirth.
Read more »
Ontario plans to require women-only bathrooms on large construction sitesTORONTO — Ontario’s labour minister is aiming to solve an excrement predicament.
Read more »
Ontario just lived through one of the darkest winters in more than 80 yearsIf you found yourself pining for some sunshine in Ontario in recent months, it’s likely because the province just lived through one of the darkest winter seasons in nearly a century.
Read more »
Try these portable power solutions for your spring camping trips in OntarioSpring is finally here, and the weather is getting warmer, which means one thing – travel season is right around the corner. Whether you’re plannin...
Read more »
Ontario proposes bathroom upgrades to construction sitesChanges are in the works to improve conditions of bathrooms on construction sites in Ontario, and that includes making them more inclusive.
Read more »