The latest news emerging from Ontario’s gaming sector, confirm that independent sportsbook and sports betting technology provider Kambi Group is set to join the province’s market. This week, the company has announced that it was approved by the Alcohol and Gaming Commission of Ontario to join the open iGaming and sports betting regime for private operators.
After being previously delayed by the AGCO, the launch of the highly-anticipated market is scheduled to occur on April 4, 2022. When live, licensed gaming and sports wagering operators will be able to legally offer their online products to eligible Ontarians within the province’s borders. Operators will be also able to offer the recently introduced in the country, single-event betting.
Licensed to Join
Now, through its license by the regulator, Kambi Group will be able to operate a regulated gaming-related supplier and provide its gaming services to other licensed entities in the market. The company will be able to offer its sportsbook technology service to others who would be able to use it as a platform for their sports betting offerings in the province.
CEO and co-founder Kristian Nylén of the independent company shared that he is quite pleased to be one of the first sportsbook providers to obtain a certificate to operate in the jurisdiction. He described the license, as a landmark achievement, and testament to the corporation’s expertise and immaculate track record in compliance, as the company, will be ready to offer its products from Day 1 of the market.
Recently, Martha Otton, Executive Director of iGaming Ontario, which is a subsidiary of the AGCO issued a statement on the new market. According to her, Ontario consumers should know that every approved operator has met rigorous standards of game and operator integrity, fairness, player protection, and social responsibility. Therefore, players can expect a safe and regulated gaming environment.
Ms. Otton also added that prevention of underage access, while also guaranteeing to ensure compliance with applicable laws including anti-money laundering rules and regulations are just some of the iGO’s measures to provide a safe environment. In her words, the provincial market would provide enhanced entertainment choices while also generating much-important revenue for the local economy.
More Licensed Entities
So far, the AGCO has licensed a series of prominent gaming names which would be allowed to enter the local iGaming market. For instance, at the start of this month, FansUnite informed that it has received a gaming-related supplier certificate from the commission, and it is now getting ready to go live in the province with the grand launch on April 4, 2022.
Illinois-based online gaming and sports betting company Rush Street Interactive will also join the Ontario regime. The company which already offers social gaming in the province via free-to-play gaming platform CASINO4Fun® will be now able to launch its real-money products. This includes its BetRivers sportsbook app with its same game parlays, and iGaming platform, which utilize various peer-to-peer slot tournaments.
