In Canada, single-event sports betting is the new cannabis. Sportsbooks are setting up shop

In Canada, single-event sports betting is the new cannabis. Sportsbooks are setting up shop

Article brief provided by Toronto Star
  • Steve McAllister, Toronto Star
October 17, 2021 10:01 PM
  • Steve McAllister, Toronto Star

Dale Hooper has some experience with helping companies make the transition to a legal landscape and surviving the somewhat painful, cumbersome regulatory process.

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Two years ago, Hooper was leading a cannabis compliance [firm] in Mississauga when it was bought by Deloitte Canada following the Canadian government’s passing of the Cannabis Act. Fast forward to the beginning of 2021, when a report produced by Deloitte on opportunities around a legal single-event sports wagering industry in Canada caught his attention…

Next week, Hooper will be officially introduced as general manager of the new Canadian business of FanDuel, the North American online sportsbook and daily fantasy sports giant.