News Formal

Alberta Could Be a Top 8 iGaming Market in North America, Analyst Says

  • 📰 Covers
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

If all goes according to plan, the next gold rush for the online gambling industry could be in Alberta.

There is just one legal iGaming provider in Alberta at the moment, the government-owned Play Alberta. That may soon change.

Citizens JMP Securities’ Jordan Bender said Wednesday that the investment banking firm calculates a competitive Alberta iGaming market could generate around $709 million to $734 million US in annual revenue by the third year of its existence. The comments come after Dale Nally, the Minister of Service Alberta and Red Tape Reduction, confirmed at the Canadian Gaming Summit in Toronto last week that his province plans to move to an “open and free” iGaming market, similar to what Ontario has done.

Play Alberta also generated $179.7 million in net sales for the fiscal year ended March 31, 2023, up from $144.9 million for 2021-2022 and $37 million for 2020-21, the site's first year.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 341. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Tron (TRX) Surpasses Shiba Inu (SHIB) in Fresh Market ShiftMarket shift comes amid broader drop in cryptocurrency market
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

The Fresh Market to move into old Dom's Kitchen & Market location in Chicago's Lincoln Park communityThe Fresh Market to move into old Dom's Kitchen & Market location in Lincoln Park
Källa: cbschicago - 🏆 546. / 51 Läs mer »

Coinrate.pro's Exclusive Market-Making Systems Overcome Low Market Cap and Trading Volume IssuesCoinrate.pro offers advanced technological solutions to address the issues of low market cap and trading volume
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

The college job market offers a warning sign to the US labor marketOn paper, the job market looks like it’s hardly ever been better. But the unemployment rate for bachelor’s degree recipients aged 20 to 29 is above 12%.
Källa: cnnbrk - 🏆 393. / 55 Läs mer »