betway, the company that has become famous as a sports betting operator and online casino, was approved in Ontario in the new regulated market.
The operator, of which we talked in detail in this guide, It is also famous in USA and is one of the Casino certified by the Customs and Monopolies Agency.
But let's go see immediately which license received to operate in the Canadian region.
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The license that allows the operator to work in Ontario
Betway was approved in Ontario with License issued by Alcohol and Gaming Commission of Ontario (AGCO) at the end of April.
The license, which allows the company to operate with Betway.ca and other related domains dedicated to sports, casino and more, ha 2 -year validitynull Its deadline is scheduled for the April 18, 2024.
After companies such as Bwin, Bet365, Betmgm, Caesars, Fanduel, Pointsbet, Levegas, Betrivers, 888, The Score and Unibet who were able to start operating at the opening of April 4, Betway is company number 13 to receive a license for operators in the new regulated market of the region.
So now Betway is approved in Ontario for 2 years, together with only another 9 operators, while The others will have to renew them in 12 months.
Come mai Betway in Ontario?
One of the reasons that surely pushed Betway to aim for irentaries is that In 2022 the market in which Super Group (Betway's mother society) did better was that of North America.
In this geographical area The company has generated over $ 590 million, which is their 45% of turnover. And, despite the impact received by Super Group in some European markets due to new regulations, last week the company recorded an increase in revenue and a net profit for 2022.
The words of analysts
Morgan Stanley analysts speak on Betway in Ontario. The operator is known and users seek him.
To prove it are the data. Last year, in fact, The Betway app for smartphone was the most downloaded, on a monthly basis, by users.
More recently, in February of this year, The Betway app covered one third of the Casino app downloads, bets and gambling in Ontario.
