Recently, Toronto based sportsbook PointsBet Canada has been establishing partnerships with Alpine Canada, the Trailer Park Boys, Curling Canada and the NHL Alumni Association. Now, the company has revealed its licensing application for operating iGaming in Ontario, one of the most promising markets in North America, has been granted by the Alcohol and Gaming Commission of Ontario (AGCO).
This means the group will be able to offer local players of that province sports betting and online gaming since April 4th, 2022. Ontario is set to be the first Canadian province to run a private market for online betting.
In a statement, Scott Vanderwel, Chief Executive Officer, PointsBet Canada, said: “Since day one, we have remained genuine to our promise of building a Canadian sportsbook, with Canadian employees, for the Canadian market. Today’s approval of PointsBet Canada as a licensed sportsbook in Ontario is a momentous step in unveiling our authentically Canadian gaming experience to the province. In just 60 days, PointsBet Canada’s unmatched speed and ease of use, unrivalled in-game betting capabilities, and unique local partnerships will bring Ontario’s sports fans a new, responsible, and dynamic form of sports betting and entertainment.”
For her side, Chantal Cipriano, Vice-President, Legal, Compliance & People, PointsBet Canada, indicated: “We are proud to be one of the first iGaming operators regulated by the Alcohol and Gaming Commission of Ontario. It demonstrates the confidence that regulators have in our ability to deliver an innovative, safe, and responsible experience to Ontario consumers. We look forward to applying our expertise from Australia and the United States to help build a trusted, competitive, regulated iGaming market in Ontario, establishing an important foundation for our nation.”
An Australian corporation, PointsBet has operations in that country, as well as in the United States Canada and Ireland. The company has developed a scalable cloud-based wagering platform through which it offers its clients innovative sports and racing wagering products, advance deposit wagering on racing (ADW) and iGaming.
PointsBet is currently working in nine states of the U.S. with its sports betting product: New Jersey, Iowa, Indiana, Illinois, Colorado, Michigan, West Virginia, Virginia and New York.