Shaq – PointBet Australian Brand Ambassador. Source: PointsBet
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • PointsBet’s (PBH) subsidiary, PointsBet Canada has been approved by the Alcohol and Gaming Commission of Ontario as a licensed sportsbook in Ontario from April
  • The company highlighted the Ontario regions benefits including a large population and a host of professional sports teams
  • PointsBet Canada said they look forward to using expertise from Australia and the US in order to build a trusted, competitive, and regulated iGaming market in Ontario
  • PBH also noted its subsidiary, PointsBet Wyoming was approved today as an Online Sports Wagering Operator in Wyoming
  • Shares were trading 2.86 per cent higher this morning at $5.03 each

PointsBet’s (PBH) subsidiary, PointsBet Canada has been approved by the Alcohol and Gaming Commission of Ontario as a licensed sportsbook in Ontario from April.

The company highlighted Ontario being the most populous province in Canada as well as the second-largest geographically. The Canadian capital, Ottawa is located in the region with a population of over 14.8 million and a host of professional sports teams.

Points Bet Canada CEO Scott Vanderwel said the approval is a big milestone.

“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,” he said.

“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.”

PointsBet Canada Vice-President, Legal, Compliance & People Chantal Cipriano said she is eager to use expertise from Australia and the US.

“We are proud to be one of the first iGaming operators regulated by the Alcohol and Gaming Commission of Ontario,” she said.

“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 company also noted its subsidiary, PointsBet Wyoming was approved today as an Online Sports Wagering Operator in Wyoming.

Shares were trading 2.86 per cent higher this morning at $5.03 each at 11.00 am AEDT.

PBH by the numbers
More From The Market Herald
The Market Herald Video

" Inca Minerals (ASX:ICG) announces Adam Taylor as Chairman, restructures board

Inca Minerals (ASX:ICG) yesterday announced a restructure to its board, with Adam Taylor appointed as Chairman.

" Anson Resources (ASX:ASN) expedites resource upgrade at Paradox, US

Anson Resource (ASX:ASN) announces plans to expedite its JORC Resource upgrade at the Paradox lithium project…
The Market Herald Video

" CI Resources (ASX:CII) buys 60pc interest in Singapore fertiliser trader for $4.4m

Phosphate specialist CI Resources (ASX:CII) has officially completed its $4.4 million purchase of a 60 per…
The Market Herald Video

" Paradigm Biopharmaceuticals (ASX:PAR) activates first UK site for phase three clinical trial

Paradigm Biopharmaceuticals (ASX:PAR) has activated its first trial site in the United Kingdom for a third-phase…