Pinnacle Ontario sportsbook has obtained a license for sports betting in Ontario, marking its shift from the unregulated market.
However, Pinnacle has not yet started operations; the company must first finalize an operating agreement with iGaming Ontario.
For the past year, the Alcohol and Gaming Commission of Ontario (AGCO) has collaborated with grey market operators to assist in their transition from a long-standing, billion-dollar grey market to a legal framework. Grey market operators must secure their licenses by the set deadline in November.
Earlier this month, the parent company of Bet99 also received its gaming license from the AGCO forOntario sports betting and online casinos.
"Securing our license as an authorized gaming operator from the AGCO represents a significant achievement for SVH and the BET99 brand,\" stated Jared Beber, CEO of Sports Venture Holdings. \"Ontario plays a crucial role in the rising online sports betting and casino market in Canada. With the sports betting season gearing up, especially as summer sports reach their peak while football, hockey, and basketball seasons approach, this timing is optimal for us to kick off our operations effectively.\"
These announcements are crucial and serve as further evidence that Ontario is rapidly approaching the issuance of 40 iGaming licenses. Currently, 22 companies hold iGO operating agreements and are active.Ontario betting apps .
Paul Burns, president and CEO of the Canadian Gaming Association, informed deereplanet.com that we could witness a surge of new licenses being issued in the next week or two as the November licensing deadline approaches.
Bills, Super Bowl Contenders, Charge Ahead
On Thursday night, theBuffalo Bills demonstrated their status as Super Bowl contenders by decisively defeating the L.A. Rams, the previous champions, with a score of 31-10.
As per betting statistics from OLG, PROLINE customers were divided in their predictions for the game: 53% of total wagers were placed on the Bills winning, while 52% of single-event bets favored the Rams. Two bettors made $1,000 bets on the Bills, leading to payouts of $1,700. Another placed a $21 wager on a 7-pick parlay which resulted in a $950 payout.
Close to 70% of bettors chose the Bills with a -1.5 spread. One bettor risked $2,000 for a payout of $3,667, while another turned a $50 wager on a 7-pick parlay into $2,240.
Only 30% of bettors accurately predicted that the total would fall below 51.5 points, with two bettors each wagering $1,000 and receiving payouts of $2,050.
Jordan Schultz Joins TheScore Bet
In NFL news, Jordan Schultz recently signed a multi-year contract withtheScore Ontario to serve as their insider on the NFL, offering written and multimedia content that emphasizes betting insights and analysis on theScore's digital sports media platforms.
Previously, Schultz was affiliated with ESPN, where he acted as a reporter and on-air analyst covering the NBA, NFL, and college basketball. He also regularly contributed to the Daily Wager broadcast on ESPN2 and hosted segments for Kevin Durant’s The Boardroom series on ESPN.
"theScore is a cutting-edge digital sports media and betting frontrunner, and I am incredibly eager to become part of this team, contributing across their various media platforms,\" Schultz shared in a statement.
"I have been a loyal user of theScore app for quite some time and have always valued their genuine approach to engaging with fans and delivering content. I am excited to be part of this organization and help enhance their NFL and NBA coverage at such a pivotal moment with the NFL season starting this week.\"
Fromdeereplanet.com
