Leading betting brand Pinnacle is one step closer to joining Ontario’s iGaming market as it is set to launch next week. 바카라사이트 In preparation for the upcoming launch, the operator has already contacted the Ontario Betting Company to inform the Ontario Alcohol and Gaming Board’s license will be activated on October 26, 2022.
Ontario launched its online gaming market for private brands on April 4, 2022, overseen by AGCO and its subsidiary iGaming Ontario. The market was introduced to prevent local bets from playing on unregulated websites, while keeping profits in the provinces and reinvesting in local vaults.
Pinnacle has now begun sending e-mails to Ontario-based bets that Internet gambling registration will take effect on October 26, 2022. Users will then move to the new website. Customers must download and install the GeoGuard Location Validator app to verify their location. Existing users may also need to re-identify themselves.
In addition, the bookkeeper has notified that he will stop accepting bets from around 11 p.m. ET on October 23, 2022 to 12 p.m. ET on October 26, 2022. This allows the company to move to the regulatory market in the province. It also warned existing bets that the move could invalidate futures betting.
Sportsbook also informed that pending futures bets with settlement dates greater than October 26, 2022 will be cancelled and players’ stakes in these bets will be refunded. However, the company warned that SportsBooks would provide users with bets again if the market for cancelled bets was no longer available on the new site and bets were not settled yet. Except for multiple bets.
In addition, the operator informed that if the player wanted to replace the bet on the new account, he would have time to contact customer service by October 28. However, all cancelled bets must not be replaced or replaced at all. This applies to gifts before October 18. And regarding cancelled bets available on the new website, the betting person can reposition themselves.
In October, AGCO released its second-quarter financial report of Ontario’s Internet gambling and sports betting market. From July 1-September 2022, the local market generated a total bet size of C$6.04 billion and game revenue of C$267 million or more. There were 628,000 active users who spent an average of C$142 per player per month.
Regulators have finally taken steps to end grey market operations in the province. Recently, it announced that it gives illegal websites a deadline of October 31, 2022, which can be legalized in their jurisdiction. If the operator fails to meet the new standards when the time comes, they can be fined by AGCO.