Canadian Companies that Invest in The Gaming Business

Canadian Companies that Invest in The Gaming Business

The gambling business in Canada is legalized almost wholly. This approach to gambling will provide additional revenue to the local budget. Despite other main activities, many companies also invest in gambling.

Against classic land-based casinos, iGaming is also actively developing in the country. This category includes online gambling. It contains online casino activities, sports betting, poker applications, lotteries, etc. Customers can play casino from any device. Most games run on both laptops and tablets. When playing for real money, the user gets access to many bonuses that can diversify the game. These can be online casino Canada, free spins, loyalty program, cashback, etc. Moreover, online platforms offer customers several ways to withdraw a casino win – a bank card, an electronic wallet, a bank account, etc. You can play without hazard for real money in demo mode.

In 2020, The Business Research Company studied and estimated the current value of the gambling business in Canada. If the gaming industry in the country was estimated at $66.7 billion in 2020, then, according to calculations, it should be worth $92.9 billion by 2023.

Private sports betting operations were only legalized in Ontario in 2022. Before this, most of the income went to informal organizations. The Canadian Gaming Association estimates that residents using casino life hacks to bypass restrictions spent about $10 million on unofficial sports betting. Another $4 million went to offshore online casino sites.

The legalization of the gambling business in Ontario has simplified the work of online casinos and bookmakers in the legal field. Such a step stimulated the development of the gambling business in the country. If other provinces of Canada follow a similar path of action, the value of the shares of the gambling business will be significantly increased.

The History of Gambling in Canada

Gambling in Canada was prevalent among the indigenous population. When the pioneers arrived in the lands of Canada in the 15th century, they noticed that the local tribes played several games of chance at once. For the local population, gambling played not only an entertaining role. They were also given spiritual and mystical significance.

The exact first conquerors of Canadian lands introduced a complete ban on gambling in the region. In 1380, the English king Richard the Third decided to ban gambling because the soldiers spent too much time on them, completely forgetting about their duties.

In modern Canada, the ban on gambling for the player was prescribed at the legislative level. The country’s penal code was amended in 1892 with provisions on gambling. In the following years, easing in the field of gambling legislation came. In 1900, bingo and raffles were allowed, but only as charity games. Only 69 years later, the Canadian government understood that gambling could be an excellent source of additional budget revenue. In 1974, the first Canadian National Lottery was held. Most of the money raised was used to fund the Olympic Games in Montreal.

Now the country has registered an active development of the gambling business. The country has 114 land-based casinos, 12 horse tracks, 8 bingo halls, and betting shops for gamers. Land-based casinos in Canada are in no way inferior to similar establishments opened in American Las Vegas and Atlantic City. Ontario’s province is the most gaming region in the country. Only here, 32 cauldrons work, and the number of card tables and slots is in the thousands.

Which Companies Invest in The Gambling Business in Canada

This development of the gambling business and casino features has made many companies interested in investing in this area. Below is a list of firms that are investing in iGaming.

Rivalry Corp

The main office of the company is located in Toronto. The company owns several sports media. The company also offers customers the opportunity to bet on esports events. A subsidiary of Rivalry Ontario Corp acts as a licensed operator for online gaming in Ontario.

  •       Market capitalization: CAD 79.955 million;
  •       Year-to-date productivity: -18.63%
  •       Headquarters: Toronto

PointsBet Holdings Limited

The company’s main activity is providing access to sports, racing, and gaming products using cloud technology. Now the company’s services are available in Australia, New Jersey, and Canada. The company owns a subsidiary of Pointsbet Canada Operations 1 Inc., a licensed online casino gambling operator in Ontario.

  •       Market capitalization: $471.465 million.
  •       Year-to-date productivity: -65.03%
  •       Productivity in 1 year: -80.43%
  •       Productivity over 5 years: 291%
  •       P/E ratio: No data
  •       Headquarters: Australia

Rush Street Interactive Inc.

The company acts as an operator of online casinos and bookmakers. The establishments operate in the United States, Latin America, and Canada. Among the available services are sports betting, access to social games, and playing casino for real money.

  •       Market capitalization: $1.306 billion.
  •       Year-to-date productivity: -64.00%
  •       Productivity for 1 year: -50.54%
  •       Productivity over 5 years: 158%
  •       Headquarters: USA

Kambi Group plc

The company’s main specialization is providing managed sports betting services to gaming operators in Europe and America. The company also provides its services in other world markets. The software developed by the company’s specialists allows you to make odds, collect data on betters, and ensure risk control.

  •       Market capitalization: SEK 5.416 billion.
  •       Year-to-date productivity: -31.80%
  •       Productivity in 1 year: -56.84%
  •       Productivity over 5 years: 58%
  •       P/E ratio: 149.87
  •       Headquarters: Malta

Penn National Gaming

The company is engaged in gaming and racing real estate and owns and operates video game terminals. Penn National Gaming is involved in the supply of games for land-based casinos, online casinos, digital sports content, etc. Owns such brands as Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, and Tropicana Las Vegas.

  •       Market capitalization: $5.158 billion.
  •       Year-to-date productivity: -40.37%
  •       Productivity for 1 year: -61.35%
  •       Productivity over 5 years: 239%
  •       P/E ratio: 12.45
  •       Headquarters: USA

MGM Resorts International

The company owns casinos, hotels, and resorts in Canada and the United States. The casino offers customers access to many slot machines and table games. The company is also engaged in licensing games for online casinos.

  •       Market capitalization: $15.206 billion.
  •       Year-to-date productivity: -20.48%
  •       Productivity for 1 year: -9.60%
  •       Productivity over 5 years: 233%
  •       P/E ratio: 14.81
  •       Headquarters: USA

Entain Plc

It is a company with an international name. The main field of activity includes the organization of bets on bets and gambling. The company also develops mobile and web applications for bingo. He owns several well-known brands such as Optibet, NinjaCasino, BetMGM, Eurobet, CasinoClub, AGT, PartyCasino, Bwin, Ladbrokes, Sportingbet, and Gamebookers.

  •       Market capitalization: £8.074 billion.
  •       Year-to-date productivity: -18.45%
  •       Productivity in 1 year: -12.44%
  •       Productivity over 5 years: 116%
  •       P/E ratio: 32.52
  •       Headquarters: UK


Gambling in Canada is a promising area that attracts investors from the country and other countries. Many companies with international names are investing in developing the local gambling business. With the relaxation of gambling legislation and licensing of such activities, land-based casinos, bookmakers, and online casinos will be able to establish themselves even more actively in the near future.

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