Intema Solutions is one of the latest companies to apply for a market license with the Alcohol and Gaming Commission of Ontario (AGCO).
The Canadian information technology company is determined to become a registered online gaming and sports betting operator in the province.
“Apart from being Canada’s most populous province, Ontario has taken a leading role in regulating online gaming practices, which bodes very well for newly licensed companies in this large potential market,” said Laurent Benezra, Intema’s president and CEO.
“In addition to the AGCO application, our Isle of Man gaming license application has been formally accepted for review in October, and we plan to apply for other licenses in select regulated markets around the world so that our secure esports and gaming platforms become available to all.”
Securing the position
After the Canadian government enacted Bill C-218 in August, numerous internet gaming operators expressed interest in applying for a provincial gambling license.
As of Sept 13, the AGCO began accepting applications for registration from interested operators and suppliers. They are now in the process of entering a commercial agreement with iGaming Ontario.
To secure its position in the esports betting market, Intema signed a letter of intent to acquire Livestream Gaming Ltd (LG). LG owns the LOOT.BET esports betting platform.
The transaction will see Intema acquire all issued and remarkable Livestream securities for $18.65m.
“With the acquisitions of HypeX.gg and Team BH in 2021 and the pending acquisition of LOOT.BET, it is critical for our followers and our customers to have access to our growing array of esports and iGaming products and services in regulated markets worldwide,” Benezra said.
Since 1994, Intema has been specializing in holding technological businesses in various technology sectors.
Besides offering a suite of marketing and email services, the company has recently expanded to the esports and gaming industries.