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Betsson turns to Canada with Slapshot Media investment

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Online operator Betsson has acquired 28% of Canadian start-up Slapshot Media Inc, for a purchase price of CAD$3m (£1.7m/€2.0m/$2.4m).

Slapshot specialises in creating localised sports content, and provides marketing and managed services to the online gaming market in Canada. The business will work exclusively with Betsson in order to build the operator’s presence in the upcoming regulation of the Canadian market.

Betsson will have various call options to scale up the shareholding to 70% of the company over time, for a maximum price of CAD$25m, in line with the introduction of provincial regulations for online gaming across Canada. Ontario recently published its regulations for online sports betting and casino, after the provincial government took steps to open up its market to non-lottery players.

The operator said the investment is in line with its strategy of forming partnerships locally in order to position itself in markets which are soon to be regulated.

Read the full story on iGB North America.

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