PowerPlay said it secured $15m from Discerning Capital and PVX Capital through their House Advantage Fund. The operator said it will use the financing to accelerate player acquisition and strengthen its brand in Ontario.
The financing gives PowerPlay capital specifically for customer acquisition in Ontario’s regulated igaming market.
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PowerPlay launched online sports betting and casino services in Alberta using GiG Software technology. AGLC approved the rollout, which makes PowerPlay GiG’s fourth active brand in the province. The launch uses GiG’s account management, sportsbook, rules and data systems.
PowerPlay has launched online sports betting and casino services in Alberta using technology from GiG Software, according to a company announcement. The Alberta Gaming, Liquor and Cannabis Commission (AGLC) approved the rollout, the company said. The launch makes PowerPlay GiG's fourth active brand in the province.
Reportedly, GiG Software is considering raising €8.5m to acquire 888Africa. The acquisition would bring GiG back into B2C gambling after its shift towards B2B in 2023.
GiG Software’s chief financial officer departed with immediate effect, according to a report dated 2 November 2026. The company is searching for a successor, the report said.
GiG Software reported wider losses for the third quarter and its chief executive outlined plans for further acquisitions in Africa, according to a report published on 28 October 2026. The report also says the supplier recently completed its acquisition of 888AFRICA.
GiG Software reduced its headcount by more than 25% from the start of 2026, CFO Phil Richards told investors on the company’s Q3 earnings call. Richards said further savings were planned; the company also reported a Q3 net loss of €4.5m, up from €3m, and a year-to-date net loss of €16.9m.