Ontario Operators May Run Sportsbooks While Applications are Being Reviewed

Ontario Operators May Run Sportsbooks While Applications are Being Reviewed

BetRegal didn’t get its sports betting license approved yet. However, it didn’t stop them from accepting wagers on sports. BetRegal is one of the Ontario operators that are operating without a license. However, they are operating legally because the provincial government gave them a grace period.

According to bookie pay per head sources, companies that submitted their applications before April 4 can continue operating in Ontario while their applications are being considered.

BetRegal has a partnership deal with the CFL last August. It was months before Ontario launched its sports betting industry in April. Also, BetRegal provides CFL odds on the league’s official website. Additionally, it allows fans to bet with it. Aside from the CFL, BetRegal also has a deal with the Hamilton Tiger-Cats.

Ontario Operators can Run Sportsbooks during Grace Period

Ontario Operators May Run Sportsbooks While Applications are Being ReviewedAmong the organizations authorized in Ontario are FanDuel and PointsBet. They have a deal with Maple Leaf Sports and Entertainment, owner of the Toronto Argonauts. In addition, PointsBet has an arrangement with the Ottawa Redblacks.

According to sports betting bookie software experts, other organizations operating while their applications are being considered are Betway and Bet99.

Sports betting regulators faced criticisms for the ongoing circumstance. According to online marketing services providers, the application cycle is complicated.

Operators hope that the current situation will reach its resolution by the beginning of the NFL season. Football season is a busy time for sportsbooks in Northern America.

People also criticized regulators for not having income figures since Ontario’s launch of the sports betting industry. In May, CEO Paul Burns of the Canadian Gaming Association said he expected income reports would be delivered quarterly. However, he was only speculating.

The regulators haven’t released Ontario’s first quarter figures. On Friday, AGCO didn’t promptly answer an email asking for the revenue reports.