- IXUP, which operates BetStopTM – the National Self Exclusion Register for Australian citizens, has entered the North American market, having secured, in conjunction with its North American partner IC360, a strategically important contract to provide the self-exclusion register for the Province of Ontario, Canada’s largest gambling market.
- The contract has a total estimated contract value of over A$10 million over an initial 5-year contract term with a further three, one year contract extensions.
- The contract, which was won in a highly competitive process, is expected to be cashflow accretive to IXUP from year one of operation.
- The contract was awarded to IXUP and IC360 by Ontario’s online gaming government agency, iGaming Ontario.
- The contract win highlights a significant and early benefit from the commercial partnership entered into between IXUP and IC360 in April 2024 and is considered highly strategic for IXUP & IC360 as it secures their entry into the North American gambling player protection market.
- The contract win also confirms the application of IXUP’s core collaboration technology in a leading global solution for secure, centralised online gambling self-exclusion.
- The North American market is expected to offer similar contract opportunities in the near future for which IXUP, in conjunction with IC360, now considers itself ideally positioned.
IXUP Limited (“IXUP” or “the Company”) is pleased to announce that, in conjunction with its North American partner IC360, it has been awarded an initial 5-year contract to provide an online gambling centralised self-exclusion platform for the Canadian province of Ontario. The contract was awarded to IXUP and IC360, via a recently established special purpose joint venture entity (the Joint Venture), by Ontario’s online gaming government agency, iGaming Ontario, after a highly competitive Request for Proposal (RFP) process to provide a new state-of-the-art centralised self-exclusion solution (CSE) which will enable the effective self-exclusion of problem gamblers from the Ontario online gambling market. This contract complements IXUP’s existing operation of Australia’s BetStopTM – National Self Exclusion Register, which was developed, deployed and has been successfully operated by IXUP since August 2023, and which has completed over 15 billion self-exclusion checks in the first 11 months of operation. The Ontario CSE will feature IXUP’s world leading secure data collaboration engine. This contract win positions IXUP and IC360 as a leading provider of centralised self-exclusion solutions in the North American market, which is expected to offer a number of similar contract opportunities in the near future.