What regulatory authority has approved Altenar for the market? What have they approved? (i.e., full set of services?)
The AGCO – Alcohol and Gaming Commission of Ontario – granted Altenar a Gaming-Related Supplier (Manufacturer) license. The AGCO has approved Altenar’s sportsbook. Altenar is a technology company operating in the iGaming industry, offering a managed sportsbook (Software as a Service) to Business-to-Customer (B2C) operators.
Briefly, what was required for the licensing process? (i.e., audits, ISO standards met, data protection, etc.)
During the licensing process, we were required to meet a series of standards and a range of corporate, security, and operational requirements, including an independent audit of our sportsbook by a certified test lab. Our recent ISO 27001 certification was a major asset throughout the process. Given that Altenar is already licensed and regulated in multiple jurisdictions, compliance with Ontario's regulations was relatively straightforward.
Can we confirm it is Ontario only that you’ll be going live in at this point?
Yes, we are going live exclusively in the province of Ontario. Each Canadian province has its own regulatory regime, and licensing frameworks vary significantly. That said, we’re always interested in exploring new provinces, as each represents a new and exciting challenge.
Assuming your full suite of Altenar services will now be available in the market – are there any products in particular you plan to highlight? (Virtuals, Esports, Terminal, etc.)
- Bet Builder available on soccer, baseball, basketball, American football, and coming soon to ice hockey.
- Early payout options on soccer, American football, basketball, tennis, baseball, and ice hockey.
- Extensive player prop offerings across soccer, baseball, basketball, American football, and ice hockey.
- Enhanced parlays and teasers.
- 0% margin on select major markets for top-tier events.
- Multiple combinations of odds feeds using official real-time data for MLB, NBA, NHL, CFL, and NFL.
- A powerful esports offering – the fastest-growing vertical in the betting industry.
- Improved cashout functionality.
- Mobile sportsbook native app.
