PointsBet has announced that it has been officially approved by the the Alcohol and Gaming Commission of Ontario (AGCO) as a licensed sportsbook in Ontario.
The news means that PointsBet is the first online operator to be fully approved for Ontario’s iGaming industry launch set for April 4th 2022.
Speaking of the launch, Chief Commercial Officer of PointsBet Canada told Gambling Industry News:
“Being the first operator to announce we have received a license from the AGCO to go live in Ontario when the regulated market opens on April 4 makes me beyond proud. Our continued, genuine commitment to Canada and the work behind-the-scenes in building a best-in-class Canadian platform, team, and authentic brand has me so excited for the big day. I can’t want to help unveil the premier Canadian sports betting experience”
In a press release announcing the news 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 effective April 4, 2022, 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 sports fans a new, responsible, and dynamic form
of sports betting and entertainment.”
Chantal Cipriano, Vice-President, Legal, Compliance & People, PointsBet Canada added:
“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.”
The Ontario iGaming industry was initially expected to launch in December of 2021. However, this date was pushed back to April 4th 2022.
According to the AGCO, it expects iGaming in Ontario to generate gross revenues somewhere in the region of $1 billion CAD in the first year alone.
The AGCO has yet to release a full list of approved iGaming and sports betting operators.
In related news, PointsBet also announced that its application for an online sports betting license in Wyoming has been approved by the Wyoming Gaming Commission.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.
