Canadian information technology company Intema Solutions has applied to the Alcohol and Gaming Commission of Ontario (AGCO) to become a fully registered operator of online gaming and sports betting in Ontario.
Following the enacting of Bill C-218 to legalize single-event spoorts betting on August 27, 2021, the AGCO and iGaming Ontario are accepting applications for gaming licenses from third-party operators.
Intema has chosen to lodge an application with a view to providing its customers with access to a “growing array of eSports and iGaming products and services.”
“Apart from being Canada’s most populous province, Ontario has taken a leading role in regulating online gaming practices, which bodes very well for newly licensed companies in this large potential market,” said Laurent Benezra, President and CEO of Intema. “In addition to the AGCO application, our Isle of Man gaming license application has been formally accepted for review in October, and we plan to apply for other licenses in select regulated markets around the world so that our secure esports and gaming platforms become available to all.”
In order to secure its position in the esports betting market, Intema Solutions has previously signed a letter of intent to acquire Livestream Gaming Ltd, the owner of esports betting platform LOOT.BET. The transaction will see Intema acquire all issued and outstanding Livestream securities for $14.75 million.