- Bill C-218 has passed the Canadian Senate and can now proceed for Royal Assent for adoption
- Bill C-218 makes it legal for provinces to offer single-event betting on all sports wagering except horse racing
- Once Bill C-218 receives Royal Assent, the company anticipates many licensing and or joint venture opportunities across Canada
- The enactment of Bill C-218 will benefit Canadian businesses, local communities, and the government
- According to the Canadian Gaming Association, over $14 billion is wagered offshore by Canadians
- GameOn Entertainment Technologies Inc. (GET) opened trading at C$0.39 per share
GameOn Entertainment Technologies (GET) is pleased to announce that Bill C-218 has passed the Canadian Senate and can now proceed for Royal Assent for adoption.
“We are pleased to see that the Safe and Regulated Sports Betting Act has passed from voting in the Canadian Senate,” said GameOn CEO Matt Bailey.
“This important adoption by the Canadian Senate paves way for the commencement of regulated single-bet sports wagering across Canada,” added Bailey.
Bill C-218 makes it legal for provinces to offer single-event betting on all sports wagering except horse racing, which would continue to fall under federal oversight. The enactment of Bill C-218 will have a significant economic impact in Canada, benefitting businesses, local communities, and the government.
Once Bill C-218 receives Royal Assent, the company anticipates many licensing and or joint venture opportunities across Canada and in the legalized global markets by providing legalized sportsbooks with its innovative mobile and TV platforms in regulated jurisdictions.
According to the Canadian Gaming Association, over $14 billion is wagered offshore by Canadians and through illegal bookmaking operations.
“At GameOn, we power the most-watched content in the world with the most innovative predictive gaming technologies, sportsbooks being a key category,” said Bailey. “As a proud Canadian company, we look forward to providing legalized sportsbooks with our innovative mobile and TV platforms in regulated jurisdictions both locally and globally.”
GameOn Entertainment Technologies provides broadcasters, TV networks, OTT platforms, leagues, tournaments and sportsbooks with interactive, social experiences around sports, television and live events. GameOn has secured white label projects with several partners in sports and entertainment.
GameOn Entertainment Technologies Inc. (GET) opened trading at C$0.39 per share.
