Perhaps we should start placing friendly bets on when exactly the timeline for a competitive market will be established, specifically when Ontario will have a fully licensed and regulated online casino environment.legal Ontario online sports betting .
Initially, a launch in December was anticipated, but this has now been deferred into 2022 based on updates from the Canadian Gaming Association. projected start date This delay comes as no surprise, considering that those involved in the industry have previously anticipated such a postponement for online sports betting.
Stakeholders have had this instinct for several months now.online casino in Ontario An interview with Paul Burns, president of the Canadian Gaming Association.
'Several private operators have submitted their applications, but everyone is currently awaiting clarity on a few final issues,' Burns noted. 'Once we can establish the definitive date for the market's opening, it will influence many decisions. We're nearing the point where companies must submit applications if they wish to be prepared in time.'
Aly Lalani, the marketing head at Betregal Ontario Casino, indicated this week that, from what he has been hearing, the December timeline always seemed 'ambitious yet unrealistic,' and he anticipates a launch in the second quarter of 2022.
'I doubt we will see regulated betting before the Super Bowl on February 13,' he added. 'I have a more skeptical view of the pace at which the government and regulations are evolving. We still have a few months ahead.'
He mentioned that the application process for BetRegal is advancing but could not disclose their current status.
Jay Snowden, CEO of Penn National, expressed during a Q3 earnings discussion this week that he expects a launch around the middle of the first quarter, likely in February. Additionally, Amanda Brewer, an advisor for the CGA and the newly appointed Country Manager (Canada) for Kindred Group, who will oversee the launches of Unibet and 32Red when the market opens, shared her estimation, stating a speculative timeline in February.
The legalization of sports betting in Canada began in August. Online gambling is estimated to generate approximately $1 billion annually, with 70% of that revenue flowing to unregulated gray-market platforms.
Online casino games in Ontario have a variety of exciting options.
Fromdeereplanet.com
