Betano, one of the subsidiaries of Kaizen gaming, has received a license to operate in Ontario, Canada. This comes after Ontario became the first province in Canada to legalize the online gaming market which was once a gray market in Canadian legislation.
Betano ca received its one-year license on the 17th of August, 2022, meaning it would last until the 16th of August, 2023. The new license will cover the Canadian version of the Betano website, Betano.ca.
Let’s look at what this license means and how interested residents of Ontario can benefit from trading on Betano.
About Kaizen Gaming
Kaizen gaming is one of the world’s fastest growing GameTech companies in Europe, serving over one million online gamblers in 9 countries (Brazil, Portugal, Bulgaria, Cyprus, Germany, Greece, Romania, Chile, and Canada) worldwide. The company offers over 1 million sporting events to online participants.
The company is also renowned for its Corporate Social Responsibility, having sponsored more than 40,000 children in Greece since 2017 to have great educational experiences. Kaizen also sponsors the Greek clubs Olympiakos and PAOK, and Portuguese football teams Marotimo and Braga.
Kaizen gaming has two subsidiary brands, Stoiximan and Betano. Both are renowned by online gamers, but Betano has more reach and a wider international audience. Kaizen gaming hopes to establish its place in the Canadian gaming market with Betano.
About Betano
Betano is a relatively new and fast growing subsidiary of Kaizen gaming. It is new compared to Stoiximan.gr, which was a betting brand created by Kaizen to serve local audiences in Greece. Although it was created in Greece, it started its international growth in Romania, and has since grown to reach 9 countries worldwide, the latest of which is Canada.
Some of the features of Betano betting platform are:
- Wide range of sports: The brand offers 30+ sports to its users, along with over 100,000 markets every month.
- High football payout: It has a 96% payout on football in the top leagues, and a 0% margin on the WDW market for some selected matches.
- Wide range of betting options: There are over 120 betting options for players, including Minute Bets and Asian Handicaps.
- Live streaming: For players who wish to follow up on games, the live streaming option is available on Betano for many football, tennis, and basketball matches. Some leagues you can watch with this option are Serie A, NBA, and the La Liga. Unfortunately, players in Germany don’t have access to this option yet.
- Fast Markets: Fast Markets is a new and fast growing feature that allows players to bet on what would happen at different times in a match. You can bet on what would happen in 1, 5 or 10 minutes from any time.
- Deposit and Withdrawal: Most deposits are instant and free of charges, while many withdrawals take between 2 to 5 business days to process. Players can deposit and withdraw with credit cards, digital wallets like AstroPay and PayPal, and bank wire transfers.
In addition to these great features, Betano has a great live betting platform and betting app for players. The app is available in Android and iOS versions, although the iOS version is only available in Germany for now.
Betano has great positive reviews online, although it comes with a few flaws. The most obvious one is that it is not accessible to people in countries other than the 9 listed above. Another flaw is that it only accepts a few currencies, and there are taxes on German players. Other than these, it is a great betting platform that has the potential to become one of the great pioneers of the Canadian iGaming market.
About the Canadian iGaming License
A good understanding of the regulations imposed on Kaizen Gaming and Betano as they operate in Canada is important to understanding the safety of Kaizen Gaming.
To become an online gaming site operator, all brands have to meet the requirements of two separate regulatory bodies. They are:
- the Alcohol and Gaming Commission of Ontario (AGCO) and
- iGaming Ontario® (iGO).
These bodies ensure that online gaming site operators adhere to anti-money laundering rules, and set up secure systems for data exchange.
Thankfully, these regulations do not require site operators to maintain a certain language on their website or to be Canadian residents. Online gaming site operators can operate in Canada without establishing the business on a physical location within the country. This allows known foreign operators to extend their business to Canada with ease and without having to pass through many bureaucratic hoops.
IGaming was not legal in Canada until recently, on the 4th of April, 2022, when Ontario led the way and became the first province to legalize and regulate online gambling. Other provinces like Quebec, Manitoba, British Columbia and New Brunswick have followed suit and can now offer online gambling licenses to operators within their provinces.
