Online Gambling Mogul Mark Scheinberg Joins Canada’s 10 Wealthiest People
Online gambling entrepreneur and PokerStars co-founder Mark Scheinberg is hailed as one of Canada’s 10 richest people in the Forbes World’s Billionaires List released early in March. Scheinberg took the 9th spot after his real-time net worth reached US$4.8 billion (about C$6.28 billion). He joins media magnate David Thomson and Alibaba co-founder Joseph Tsai, as […]
Australia’s CrownBet Sells Majority Ownership To Canada’s Stars Group In C$150M Deal
The Stars Group announced that it has closed a deal and paid an aggregate amount of C$150 million (about US$117.7 million) to gain majority ownership of Australia’s CrownBet in February. According to a press release from the Toronto-based company posted on February 27, Crown Resorts Ltd. sold a total of 62 percent shares of CrownBet […]
Canada Discussion Highlights Online Gambling Regulation
Because of the emergence of the mobile gaming industry, online gambling has also taken flight as a thriving business. In fact, many markets are already starting to get overloaded with customers that contribute to the global wagering industry that is predicted to reach the $1 trillion mark by 2021. Gambling and the Internet One of […]
