Shares of Intema Solutions (OTCMKTS:ITMZF) ended flat after the recent gains. The stock has gained 18% in the past week.
Market Reaction
On Tuesday, ITMZF stock ended flat at $0.30 with 7.5k shares, compared to its average volume of 1.06k shares. The stock has moved within a range of $0.3000 – 0.3000 after opening trade at $0.30.
Intema applies for becoming registered iGaming and Sports Betting Operator in Ontario
Intema Solutions (OTCMKTS:ITMZF) announced on November 30, 2021, about applying to AGCO – Alcohol and Gaming Commission of Ontario – to become a wholly registered operator of Internet gaming and sports betting in Ontario (biggest province in Canada).
Back in August 2021, the Bill C-218 by the Canadian government granted each of Canada’s provincial and territorial governments the power of discretion to conduct and manage single-event sports betting in their respective provinces. The very first province to accept registration applications from potential iGaming operators is Ontario. The draft standards for regulated online betting and gaming markets was published in August, right after Canada made single-event wagering legal. Final standards were released in October.
Laurent Benezra, President and CEO of Intema, wants customers to get quick and easy access to their vast league of esports and iGaming products and services in regulated markets globally. Ontario has also assumed a leading role in regulating iGaming practices, which is great for newly licensed companies in this large promising market. The company’s Isle of Man gaming license application has been formally accepted in October. They are working on applying for other licenses in select regulated global markets. The plan is to make their secure esports and iGaming platforms available for all.
