(TheNewswire)
VANCOUVER, British Columbia - TheNewswire – December 10 2020 ?– ?PlanetVentures Inc. (?TSXV:PXI ) ( OTC:PNXPF ) ( FSE:P6U1?)(“?Planet” ?or the “?Company?”) is pleased with the Canadian FederalGovernment's recent introduction of Bill C-13, which seeks to legalizesingle-event wagering.
“This is an exciting development that Planet Venturesdeeply supports” says Zula Kropivnitski, Chief Financial Officer ofPlanet Ventures. “Canada’s Minister of Justice and its AttorneyGeneral’s decision to introduce this important legislation in aid ofsingle-event sports betting in their jurisdiction should greatlyaffect the gaming sector in Canada in a very positive way. This is agreat decision for Canadian businesses, and it will go a long way inboosting the entertainment industry in this Country.”
As an investment issuer currently focused on eSportsand eGaming, the Company has been exploring numerous possibleinvestments in developing video-gaming platforms that would allowwagering on the outcome of a single 1 versus 1 video-game match. Ifapproved, this legislation would allow Planet to launch such aplatform in multiple markets including Canada and the United Kingdom,as Planet currently has access to a much-coveted Tier 1 UK GamingLicense through its fully owned subsidiary of First XI.
The ban on single-event wagering is estimated by theCanadian Gaming Association to cost the Canadian gaming industry $14billion annually. According to theScore.com*, the market potential foronline gaming in Canada of between US$3.8 billion and US$5.4 billionin annual gross gaming revenue, based on historical data extrapolatedfrom legal online gaming markets in the U.S. and globally.
A bou t Planet VenturesInc.
Planet is an investment issuer listed on the TSXV, thatis focused on investing in disruptive companies and industries thathave high growth potential. Planet’s unique portfolio driveninvestment policies provide its investors with access to emerging andhigh-growth opportunities while shielding them from any formidabledownside.
For more information, please visit Planet’s website: https://planetventuresinc.com/
ON BEHALF OF THE BOARD
“ ZulaKropivnitski ”
Zula Kropivnitski
INVESTOR RELATIONS CONTACT
PLANET VENTURES INC.
Tel: (604) 681-0084
Email: info@planetventuresinc.com
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