Canadian information technology company Internal solutions To applied to the Alcohol and Gaming Commission of Ontario (AGCO) to become a fully registered operator of online games and sports betting in Ontario.
The announcement comes after the Canadian government enacted Bill C-218 earlier in August. The law gave each of Canada’s provincial and territorial governments the power to organize and manage single-event sports betting in their respective provinces.
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According to the press release, Ontario is the first province to accept applications for registration from potential operators. The province released its draft standards for regulated online betting and gaming markets shortly after Canada legalized single-event betting.
Laurent Benezra, Chairman and CEO of Intema, spoke of the announcement: “With the acquisitions of HypeX.gg and Team BH in 2021 and the ongoing acquisition of LOOT.BET, it is essential for our subscribers and customers to have access to our growing range of esports and iGaming products and services in regulated markets around the world.
“In addition to being the most populous province in Canada, Ontario has played a leading role in regulating online gambling practices, which bodes very well for newly licensed businesses in this large market. potential. In addition to AGCO’s request, our Isle of Man gaming license application was officially accepted for review in October, and we plan to apply for additional licenses in certain regulated markets around the world in order for our platforms to secure esports and games become accessible to everyone. . ”
In order to secure its position in the esports betting market, Intema Solutions has previously sign a letter of intent to acquire Livestream Gaming Ltd, the owner of the LOOT.BET sports betting platform. The transaction will see Intema acquire all of the issued and outstanding Livestream securities for $ 14.75 million (~ £ 11 million).
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Founded in 1994, Intema Solutions is a publicly traded holding company that specializes in owning technology companies in various technology sectors. In addition to offering a suite of marketing and email services, the company has recently expanded into the esports and gaming industries.
Esports Insider Says: With the acquisition of LOOT.BET underway, Intema Solutions appears to be well prepared to grow its business and become a major player in online esports betting. Become a Fully registered operator of online games and sports betting in Ontario will only strengthen the ambitions of the company.
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