Strive is a new player in the Canadian lottery market, and after its acquisition by Jumbo in June, it is determined to establish a strong presence in the industry. With their expertise and resources, Strive aims to expand their operations and capture a larger market share. Through strategic planning and innovative offerings, they are committed to providing an exciting and rewarding lottery experience for Canadian players.
The lottery company’s main goal is to expand its operations in British Columbia and Ontario. With a strong focus on these two provinces, the company aims to reach a wider audience and increase its presence in the Canadian market.
This strategic move demonstrates the company’s commitment to tapping into the potential of these regions, which are known for their high population densities and thriving economies. By establishing a solid foothold in British Columbia and Ontario, the company aims to maximize its profitability and generate more revenue.
Expanding into these provinces allows the company to capitalize on the growing demand for lottery products and services, as well as the increasing popularity of online gambling. As the lottery industry continues to evolve and embrace new technologies, the company recognizes the importance of adapting to these changes and providing innovative and convenient solutions for its customers.
| Benefits of expanding into British Columbia and Ontario: |
|---|
| 1. Access to a larger customer base |
| 2. Greater market penetration |
| 3. Increased profitability |
| 4. Enhanced brand recognition |
| 5. Opportunities for partnerships and collaborations |
Jumbo announced that the acquisition of the new British Columbia license marks the initial milestone in Stride’s ambitious growth plan.
Additionally, Stride has recently submitted an application for a lottery licence from the Alcohol and Gaming Commission of Ontario. This license would allow them to legally conduct and operate lottery games in the province.
With this new license, Stride aims to further expand its services and offerings in the lottery industry, providing more opportunities for individuals to participate and potentially win prizes through various lottery games.
