Bragg Applauds Successful House of Commons Vote on Bill C-218 to Legalize Single-Event Sports Betting
2021年4月23日 - 10:07PM
ビジネスワイヤ(英語)
Successful passing of the Bill will keep
gambling profits and jobs within Canadian communities and create a
safer gaming environment
B2B gaming technology provider Bragg Gaming Group (TSX:BRAG,
OTC: BRGGF) ("Bragg" or the "Company") provided
comment this morning on the passing of Bill C-218 yesterday in the
Canadian House of Commons.
“We’re very supportive of the move toward the legalization of
single-event sports betting,” said Adam Arviv, CEO of Bragg Gaming.
“Canadians have demonstrated overwhelming support for this update
to the federal legislation and this was reflected in the strong
cross-party backing for the bill. It’s a strong step forward for
the Canadian legal gambling market and a win for the Canadian
economy. Progressing this bill to the Senate brings us a step
closer to ensuring that the profits from Canadian gaming remain in
the community, rather than leaking into illegal black-market
channels.”
The passing of Bill C-218 will decriminalize placing a bet on
the outcome of a single game or match. Canadians are currently only
permitted to place bets on a series of sports events, a form of
parlay betting. Supporters of the legislative update advise that
the update will shift profits away from the currently estimated $14
billion in black-market bets and into the regulated Canadian
gambling market.
The Bill will now be sent to the Senate for reading and
adoption, and then to the Governor-General for Royal Assent. Final
approval could occur as soon as May 2021.
Bragg stand alongside Canadian casinos and other online gaming
operators who have expressed support as the current restrictions
make it harder to compete with their U.S. and international
counterparts. Bragg also looks forward to and supports similar
legislative updates at the provincial level, driven by the need to
increase tourism and jobs, once the federal bill and Criminal Code
amendment has passed. While the provinces control gambling
operations in the current regulatory landscape, their operations
are restricted to “parlay bets” – a lower-odds bet where
individuals must choose the winning team in multiple games to win –
rather than permitting single-event bets legally.
About Bragg Gaming Group
Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) is a global B2B gaming
technology provider. Since its inception in 2012, Bragg has
developed, produced, marketed and licensed fully integrated
solutions to more than 125 gaming and casino operators
worldwide.
Cautionary Statement Regarding Forward-Looking
Information
This news release may contain forward-looking statements or
"forward-looking information" within the meaning of applicable
Canadian securities laws ("forward-looking statements"). Often, but
not always, forward-looking statements can be identified by the use
of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
All forward-looking statements reflect the Company's beliefs and
assumptions based on information available at the time the
statements were made. Actual results or events may differ from
those predicted in these forward-looking statements. All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements, including the assumptions listed below. Although the
Company believes that these assumptions are reasonable, this list
is not exhaustive of factors that may affect any of the
forward-looking statements. The key assumptions that have been made
in connection with the forward-looking statements include the
following: the impact of COVID-19 on the business of Bragg; the
countercyclical growth of the business of Bragg; the regulatory
regime governing the business of Bragg; the operations of the
Company; the products and services of the Company; Bragg's
customers; acquisition opportunities; the growth of Bragg's
business, which may not be achieved or realized within the time
frames stated or at all; and the anticipated size and/or revenue
associated with the gaming market globally.
Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors that may
cause actual results, performance or achievements to be materially
different from any future results, prediction, projection,
forecast, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
following: risks associated with general economic conditions;
adverse industry events; future legislative and regulatory
developments; the inability to access sufficient capital from
internal and external sources; the inability to access sufficient
capital on favorable terms; realization of growth estimates, income
tax and regulatory matters; the ability of Bragg to implement its
business strategies; competition; economic and financial
conditions, including volatility in interest and exchange rates,
commodity and equity prices; the estimated size of the gaming
market globally; changes in customer demand; disruptions to our
technology network including computer systems and software; natural
events such as severe weather, fires, floods and earthquakes; and
risks related to health pandemics and the outbreak of communicable
diseases, such as the current outbreak of COVID-19.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events, or otherwise, except in accordance with
applicable securities laws.
Neither TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210423005337/en/
For Bragg Gaming Group, contact: Yaniv Spielberg, CSO,
Bragg Gaming Group info@bragg.games
For media enquiries or interviews, please contact: Keera
Hart, Kaiser & Partners Communications
keera.hart@kaiserpartners.com 905.580.1257
For investor enquiries, please contact: David Gentry
dgentry@bragg.games 1-800-733-2447 407-491-4498
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