Latest news with #Moneris
Yahoo
5 days ago
- Business
- Yahoo
Spending spree among fans continues during Edmonton Oilers playoff run
After local spending climbed during consecutive rounds as the Edmonton Oilers marched through the Stanley Cup Playoffs, it hit a fever pitch during the last home game of the third round against the Dallas Stars, with a more than 140 per cent jump in spending near the arena. 'Throughout the playoffs, Moneris' data has revealed a clear trend — when the Oilers play at home, restaurant spending in downtown Edmonton lights up,' Sean McCormick, director of business development and data services at Moneris, said in a release. As Postmedia has steadily reported throughout the past several weeks and during the team's run last year, according to data from Moneris, spending near Rogers Place and throughout the city fluctuates significantly during the Stanley Cup Playoffs. Last year's Game 7 in the Stanley Cup Final produced a stunning 200 per cent spend increase near the arena, and while data won't be available until this year's Stanley Cup Final is over, this year's spending was already surging in the third round against Dallas. While the Oilers glided to a comfortable 4-1 series win over Dallas inside, fans outside the arena and in the area gave their bank accounts a beating with soaring spending on May 27. 'Round three of the playoffs highlighted the passion of Oilers fans, with restaurant spending near Rogers Place soaring up to 143 per cent during Game 4,' said McCormick. Calculating the spending by comparing credit and debit card activity at its point of sale systems, Moneris' data shows that during Game 4 against Dallas, spending was the largest jump of this year's playoffs by some margin. The only game that came close to Game 4's spending increase came exactly a month prior on April 27, when the Oilers played their second home game against the Los Angeles Kings in the first round, when spending near the arena swelled to 89 per cent above average. 'Round one reminded us just how impactful the playoffs can be for both fans and the local economy,' said McCormick. 'Whether at home or tuning in from local spots during away games, Oilers fans created a ripple effect that lifted businesses and brought people together in a meaningful way.' The spending spree during Game 4 of the Western Conference Final wasn't just limited to near the arena — Moneris saw that the same game also spurred spending throughout the city, leading to a 27 per cent rise across Edmonton's bars and restaurants. Coincidentally, the other game that came close to game 4's local spend was also April 27, bringing a 24 per cent bump in activity throughout the city. Perhaps unsurprisingly, whether the Oilers are playing at home or away, spending increases are more pronounced when the team wins. For example, in the third round after falling 6-3 to Dallas in Game 1 of the Western Conference Final, spending near the arena and throughout the city saw just a two and four per cent bump, respectively. In contrast, the ensuing four games that Edmonton won brought a 38, 51, 143, and 41 per cent increase in spending near the arena, respectively. Now down 2-1 in the Stanley Cup Final to the Florida Panthers, the team, fans, and businesses affected by the Oilers' success will be pulling for a comeback, starting Thursday night with Game 4 that gives the Oilers a chance to tie the series before heading home for Game 5. Edmonton businesses near Rogers Place surged over 200% for Game 7 Edmonton restaurants already getting playoff boost from Oilers Edmonton Oilers playoff run could leave economic hangover when it's done Bookmark our website and support our journalism: Don't miss the news you need to know — add and to your bookmarks and sign up for our newsletters here. You can also support our journalism by becoming a digital subscriber. Subscribers gain unlimited access to The Edmonton Journal, Edmonton Sun, National Post and 13 other Canadian news sites. Support us by subscribing today: The Edmonton Journal | The Edmonton Sun.
Yahoo
14-05-2025
- Business
- Yahoo
Edmonton restaurants already getting playoff boost from Oilers
With the first round done and the second round set to wrap soon, the Edmonton Oilers' Stanley Cup playoff run has already injected some economic activity into restaurants around the city, according to a national financial technology company. 'What we saw is in the first round against L.A., it didn't seem to matter whether the Oilers were on the road in L.A. or at home in Edmonton. The spending results were as compelling as the action on the ice,' said Moneris spokesperson Sean McCormick. Payment processing company Moneris tracked fan spending in the first round, highlighting the economic impact of game days throughout the city and near the arena. When the Oilers' playoffs started, the team's future in the post-season looked precarious after back-to-back losses to the L.A. Kings. With the losses came similarly lacklustre spending from fans, but as the team's performance bounced back, so too did the local spending. 'What we saw when the Oilers were at home was truly eye-popping, especially in games 3 and 4, the first two home games of that series right across the city,' said McCormick. Starting off the series against L.A. on April 21, spending near the arena went up three per cent in restaurants across the city, and 25 per cent near the arena. The following game similarly didn't show much change with a modest 22 per cent increase on April 23 near the arena and five per cent around the city. Like the team, however, things started moving when the Oilers came home April 25. Restaurant spending was up 21 per cent across the city for the Oilers first home game, and an impressive 82 per cent near the arena. The numbers climbed even higher for the ensuing home game with a near-arena increase of 89 per cent and a citywide increase of 24 per cent. 'That's massive. That is a bonanza, if you are a restaurant owner, getting 20 per cent more sales on any given day of the week,' said McCormick. As the largest payment processor in Canada, Moneris handles one out of every three transactions across the country. Moneris tracks these statistics by analyzing all the data for the payments it processes in Edmonton. From there, the company distinguishes the data by business it knows to be restaurants and then compares the results on a game day to a comparable non-game day. The results in the city tell McCormick that fans are 'enthusiastically' behind the Oilers. With Moneris' access to data from across the country, it's able to break down how Edmonton's fan spending compares to Winnipeg, Toronto, Montreal, and Ottawa, which all played the first round of the playoffs. In Ontario, the Toronto Maple Leafs squared off against the Ottawa Senators in the first round, which McCormick said was pumped up to be a significant showdown for the region. Despite the fanfare around the games, the first home game for Toronto actually generated six per cent less spending in restaurants than a comparable non-game day, followed by a modest increase of two per cent for the following game. The only team whose fans came close to Oilers' fan spending was the Montreal Canadiens, which had more than 40 per cent increases in spending across the city for the first two home games. 'I think if you had to ask anybody who would the two most rabid fan bases be in Canada, I don't think you'd have to go too far to find someone that says probably Edmonton and Montreal,' said McCormick. Moneris also calculated the impact of Taylor Swift's performances in Toronto, finding it added more than 40 per cent in spend volume for downtown Toronto, which McCormick (indirectly) compared to the Oilers. 'For the Oilers to be at plus 23 to 24 per cent … that's about half of a Taylor Swift concert.' Perhaps the team isn't bringing Swiftie economic impact numbers, but with playoffs running for several months as opposed to two weekends, it still will add up — it certainly did last year. Wednesday's game represents a chance for the Oilers to punch their ticket to the conference finals for the second consecutive year, putting them even closer to the finals, and prolonging the playoff spending push. Oilers Stanley Cup playoff run nets $280M for Edmonton: OEG, Explore Edmontonv 'Mental curveball': Vegas restaurant ad in Edmonton taunts Oilers' loss in final second of Game 3 Bookmark our website and support our journalism: Don't miss the news you need to know — add and to your bookmarks and sign up for our newsletters here. You can also support our journalism by becoming a digital subscriber. Subscribers gain unlimited access to The Edmonton Journal, Edmonton Sun, National Post and 13 other Canadian news sites. Support us by subscribing today: The Edmonton Journal | The Edmonton Sun.
Edmonton Journal
14-05-2025
- Business
- Edmonton Journal
Edmonton restaurants already getting playoff boost from Oilers
Article content With the first round done and the second round set to wrap soon, the Edmonton Oilers ' Stanley Cup playoff run has already injected some economic activity into restaurants around the city, according to a national financial technology company. 'What we saw is in the first round against L.A., it didn't seem to matter whether the Oilers were on the road in L.A. or at home in Edmonton. The spending results were as compelling as the action on the ice,' said Moneris spokesperson Sean McCormick. Payment processing company Moneris tracked fan spending in the first round, highlighting the economic impact of game days throughout the city and near the arena.
CBC
13-05-2025
- Business
- CBC
Toronto bars, restaurants enjoyed sales bump during round 1 of NHL playoffs: data
Toronto Maple Leafs fans packed bars and restaurants near Scotiabank Arena during round one of the NHL hockey playoff series against the Ottawa Senators, according to consumer spending data. Spending by customers at bars and restaurants near the arena increased by five per cent during Game 1 and peaked with a 30 per cent increase during Game 4, according to data provided by Moneris, a commerce company that processes payments. Spending increases tapered off in round one after that game, according to Moneris. The Maple Leafs could have taken the best-of-seven series in Game 4 of round one, making it a four-game sweep, but the Senators won that game 4-3 in overtime to keep their playoff hopes alive. The Senators beat the Leafs again in Game 5 by 4-0, but the Leafs beat the Senators 4-2 in Game 6 to advance to round two of the Eastern Conference finals. Game 4, however, was pivotal, which added to the excitement, according to David Litwin, manager of external communications for Moneris. "When we take a look at the results for round one for the Toronto Maple Leafs, what we see is some pretty significant increases for local bars and restaurants," Litwin said. WATCH | Tariff fight doesn't keep Leafs fans away: Leafs fans making the trip to Florida despite ongoing economic dispute with the U.S. 2 days ago Duration 2:26 At a time when many Canadians are choosing not to travel to the U.S. due to a trade war launched by President Donald Trump, some Leafs fans are putting politics aside to go cheer on their team. CBC's Greg Ross caught up with some who made the trip. 'As the stakes get higher, spending gets higher' While spending data for round two against the Florida Panthers has not been released yet, Litwin said the last time the Maple Leafs made it to round two of NHL playoffs in 2023, the spending increase was 126 per cent near Scotiabank Arena and 113 per cent for the city as whole. "Typically, as the stakes get higher, spending gets higher," he said. "Round two success is something unique. Round two success for the Leafs could also be a lot of success for businesses as well." Litwin said the data also shows how important fan zones, such as Maple Leaf Square, are — not only as a hub for people to gather, but also as a source of local business. 'Everyone's in a good mood' So far, round two has been good for at least one restaurant downtown. RendezViews, a large patio that screens Maple Leafs games, is enjoying its best year in some time, general manager Vince Farago said Monday. The restaurant has about 120 tables. "The past couple games have been just wild with how many fans are coming out," Farago said. "Everyone's in a good mood, everyone's dressed up," he said. "The further the Leafs go, it's good for everyone around the city, not just for money wise, but you know, emotionally — everyone just seems to be right with it."
