![]() ![]() If the combined company can capture 20 per cent of a Canadian online sports betting market that is predicted to grow to US$7-billion by 2026, Mr. “The transaction gives Penn a path to fully own and control its own tech stack, which should lead to greater efficiencies … It also gives Penn a strong position for the rollout of commercial sports betting in Canada.” ![]() “The strategic rationale of this deal makes sense to us,” Joseph Greff, analyst at JP Morgan, wrote on Thursday. The Canadian Gaming Association estimates Canadians wager about $10-billion through offshore and illegal bookmakers annually – much of it for single games. Previously, sports bets in Canada had to include at least two events in a single wager, commonly known as parlay betting. In June, Ottawa passed legislation that legalized single-game sports betting. ![]()
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