This year's event will be held at the Metro Toronto Convention Center
The Canadian Games Summit is one of the most important gaming conventions in Canada. Every year, stakeholders from the local and North American gaming industry gather to discuss innovation and showcase the latest products and concepts. And this year's conference will be the 25th since it started.
Xpoint is a provider of geolocation security solutions and intelligent location-based marketing insights to the global sports betting and iGaming markets. And the announcement of CGS sponsorship came shortly after news of its entry into the Canadian market. The company will debut in the domestic industry with an operator who will launch an online gaming platform in early June.
Other than that, the news is that he has recently been shortlisted for the SBC North America Awards 2022 and has been nominated for his first ever award. The company was nominated for the honor of rising star in sports betting and rising star in casino. This further demonstrates our continued expansion as an innovative partner-driven geolocation technology provider in Canada and the United States.
Marvin Sanderson, the company's CEO and co-founder, said he was pleased to have the opportunity to partner with CGS, Canada's most prestigious gaming event, this year. In Canada, where the company's first partner will soon debut in Ontario's iGaming market for private operators, he believes, this is a very exciting time for suppliers.
Ontario's new, regulated provincial market opened on April 4, 2022, with more than 20 gaming companies entering its jurisdiction so far. This includes celebrities like DraftKings, who debuted in the country after obtaining a license from the Ontario Alcohol and Game Commission. Now, operators can legally offer the DraftKings sportsbook app to local betting companies.
SBC Acquires CGS
In March this year, SBC announced that it had agreed to acquire Canadian Gaming Summit and MediaEdge Communications. SBC will now work with MediaEdge and CGS to deliver more content and commercial value to this year's annual conference. It will also ensure that the summit supports further development of the Canadian gaming industry.
Shortly after the acquisition, SBC held a special gaming industry reception organized to celebrate the launch of Ontario's new online gaming market on April 4, 2022. Rasmus Sojmark, founder and CEO of SBC, shared that the deal is a significant achievement for the company, appropriate for a portfolio that extends to global events and media assets in the United States and Latin America.