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Betano secures Ontario license


Kaizen Gaming-owned Betano has secured an internet gaming license from the Alcohol and Gaming Commission of Ontario (AGCO).

The new license will enable the online gambling operator – the international arm of Kaizen – to roll out its igaming offering in the Canadian province.

The license, issued to Kaizen Gaming’s Canadian business, will run for one year, from August 17 this year until 16 August, and cover the website.

Kaizen and Betano will join a host of other operators in securing a license in Ontario, which opened its regulated igaming market launched in April.

The launch of widespread legal online gambling in the province ended the lottery’s online gambling monopoly.

Operators such as theScore, PointsBet and Bet365 were approved for licenses before the market opened, while the likes of PokerStarsSkillOnNet and BetVictor have secured approval in the months following the launch.

In April, lottery and gaming operator Allwyn agreed to acquire a 36.75% stake in Betano from Greek lottery business OPAP. Allwyn – formerly known as Sazka – will pay €50m up front as part of the deal, plus undisclosed earnout payments, based on the performance of the business in 2022, 2023 and 2024.