TheScore Bet, the company recently acquired by Penn National Gaming, announced that it has received a boost for its initiative to become a licensed sports betting operator in the province of Ontario. The announcement was made on December 20, 2021, and the company has now received GLI-33 certification from Gaming Laboratories International for its sports betting and iGaming app.
Earlier this year, Ontario announced plans to launch an open iGaming market for private operators. In the summer, the country passed Law C-218, which officially legalized betting on individual sporting events, drawing even more interest in the province from industry-leading gambling brands. Before that, however, they would have to undergo an application process.
theScore is a wholly owned subsidiary of Penn National Gaming, which markets its world-class digital media and sports betting products Million sports fans. His theScore Bet app is one of the most popular on the continent as it has proven to be one of the best for a complete mobile sports betting experience. It’s available in New Jersey, Colorado, Indiana, and Iowa.
TheScore CEO John Levy announced that the company is delighted to one of the first Online Gaming Operators to Earn GLI-33 Certification in Ontario. He added that the team looks forward to releasing the premium sports betting app in their home and demonstrating their unrivaled combination of media and gaming to local sports fans.
With his statement, Mr. Levy thanked him too the company’s world-class product and development teams who went to great lengths to ensure the app can be rolled out in the Canadian jurisdiction. And now the company will be working to get the next regulatory approval from Ontario regulators to ensure its launch into the province’s new iGaming market.
Ontario’s new iGaming regime was originally on schedule to launch its new market by the end of this year, but it has been delayed. Now, after the latest update, the market should come at some point Early 2022. The two regulators responsible for getting started are the Alcohol and Gaming Commission of Ontario and iGaming Ontario, which will be responsible for issuing the licenses.
Final acquisition details
In October, Penn National Gaming officially signed a purchase agreement for theScore from Score Media and Gaming Act valued at approximately $ 2 billion. Payment to Score Media and Gaming in both cash and shares became official sealed on October 19, 2021. Shortly thereafter, the company announced that it would review its options for entering the Ontario market.
One with great potential
Recently a study by Bonusfinder.com decided that Ontario, Canada’s most populous province, was the largest sports betting market On the continent. Several factors suggest the province will be able to outperform any US jurisdiction and break any iGaming record with ease. This is due to the combination of its 15 million residents and the potentially wide range of sports betting that debuts with the launch of the new open market.
Source: “theScore Bet receives GLI-33 certification for Ontario“, The score, December 20, 2021