AGLC to Purchase Valor Terminals from Inspired Entertainment

AGLC to Purchase Valor Terminals from Inspired Entertainment

Last updated on June 15th, 2024 at 11:10 am

The Alberta Gaming, Liquor, and Cannabis Agency announced that it will buy 150 Valor terminals from Inspired Entertainment. The latter signed a partnership deal with the AGLC, which supervises casino gaming in the Canadian province.

This news arrived six months after the trial began, which yielded positive results and led AGLC to purchase 150 more Valor terminals. Brooks Pierce, president and chief executive officer of Inspired, used the occasion to convey their joy at welcoming AGLC “as a valued customer.”

Pierce cited AGLC’s request to buy 150 terminals to be implemented by the end of Q2 2024 as evidence of the trial period’s effectiveness. He expressed his excitement to begin what he thinks will be a fruitful relationship with AGLC and termed the move a testament to “the strength” of their product line.

He also stated that the firm will remain “committed to expanding in the attractive Canadian markets” by providing cutting-edge gaming solutions through digital products and games. According to bookie pay per head experts, the company’s expansion plans in Canada now include Alberta. The province joins Ontario and Saskatchewan as one of three provinces with a presence.

Valor Terminals from Inspired Entertainment After Delisting Scare

AGLC to Purchase Valor Terminals from Inspired EntertainmentAccording to sportsbook pay per head sources, the gaming technology firm offers gaming system terminals and content for over 50,000 gaming machines. However, it failed to submit the required NASDAQ Form 10-K information in April. The company now operates in around 25 countries worldwide. Due to the delay, the company’s delisting from NASDAQ, which might have damaged investor confidence and caused other issues, was a real possibility.

During the 60-day grace period that extended until June 3, the company was able to resolve the issue and adhere to Nasdaq Listing Rule 5250(c)(1). Just one month before the NASDAQ warning, Inspired Entertainment intended to debut its virtual sports content in New Jersey by collaborating with Rush Street Interactive’s BetRivers sportsbook and casino.

The announcement came after a virtual sports deal was signed with the NBA in October.

Alberta to Follow Ontario’s Open Betting Market

The Canadian province of Alberta has declared its willingness to hear suggestions for an online gambling industry modeled after Ontario’s successful model. Alberta has opened talks to First Nations, brick-and-mortar casinos, and the Racing Entertainment Center to expand the legal alternatives available to gamers in the province beyond AGLC-operated Play Alberta, the only venue now licensed to provide online casino games.

Currently, 55% of the market is accounted for by extra companies operating in the legal gray area. With its low corporate taxes, simplified legislation, and high discretionary incomes, Alberta has all the makings of an iGaming hotspot, says Dalley Nally, Minister of Service and Red Tape Reduction. Thus, top sportsbook pay per head companies want to operate in the province.

The current state of internet gambling in Alberta is quite close to being evenly divided. It is believed that a government-owned online sports betting and casino gaming site in Alberta has seized about half of the iGaming industry in the province, which is excellent news for regulators and politicians. Unfortunately, technically unlawful operators who evade taxes and local regulations can own the other half.

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