Big Wins And Excitement At Pinnacle Online Casino – Pinnacle has been a fixture on the Canadian sports betting scene for years. The Curacao-based sportsbook announced Monday that it has been approved by regulators to operate in Ontario.
An online banner for Pinnacle featuring the Toronto skyline. The company, which has operated as a gray market sportsbook in Canada for years, has announced that it will soon launch a new sportsbook in the province after receiving approval to operate in Ontario’s regulated online gaming market. (Image: Pinnacle)
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The announcement came Monday after the Alcohol and Gaming Commission of Ontario (AGCO) approved Pinnacle for a two-year internet gaming license. The Pinnacle.ca website, which has been live since Tuesday morning, will soon be launched in Canada’s most populous province, the company said.
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With a strong and fair regulatory system, along with an informed sports and gambling audience. We are excited to bring our ‘Winners Welcome’ mantra to market and take Ontario gambling to the next level,” said Smith.
In addition to being recognized by the sports book, The company announced its business-to-business Pinnacle solution platform and received approval from AGCO. It may provide trading and risk management services to other Ontario sportsbooks.
Although Pinnacle offers bets on many events in the US, its website states that it does not take money from any bettors located in the US, regardless of resident or visitor status.
Pinnacle is known as a sportsbook that tries to win over customers by offering sweet or juicy deals rather than large sign-up bonuses or other enticements. Ontario regulations prohibit public advertising of such promotions, so this could be good for the brand. Licensed sportsbooks can only accept through their websites or through direct marketing.
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The company was based in Ontario as a gray market operator. But when county officials decided to establish a regulated gaming market, they found a way to access those sportsbooks.
Other companies operating in the gray market, including Sports Interaction, are also moving in. The new website is operated by Entine’s Electra Works Maple Limited division. Before the confirmation two weeks ago. Sports Interaction worked in the state as part of the Mohave Council of Kahnawake’s online gaming unit. Mohawk Online Limited is continuing its sports presence in other parts of Canada, said Mohawk Online CEO Dean Montour.
A survey of Ontario gamblers released by Betting Hero last month found bet365 was the top choice among licensed sportsbooks. That’s probably because a third of those surveyed had previously gambled with the UK-based operator before iGaming launched online sports betting five months ago.
As Pointsbet Global CEO Sam Swannell noted on an analyst call two weeks ago; Not all gray market sportsbooks have ceased operations in Ontario. Outside operators still maintain a significant presence in the parish.
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Until Tuesday. Online sports betting regulated by iGaming Ontario (IGO); 40 iGaming and poker sites are reported to reside in the state.
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