Tiidal Gaming Submits Application to Become a Regulated Gaming-Related Provider in Ontario, Canada

Application for license for Sportsflare’s sports betting solutions ahead of the Ontario government’s launch of an online gaming marketplace on April 4, 2022

Toronto, Ontario–(Newsfile Corp. – March 10, 2022) – Tiidal Gaming Group Corp. (CSE: TIDL) (“Tiidal Gaming” or the “Company”), a leading esports and gaming platform company, is pleased to announce that its wholly owned subsidiary, Tiidal Gaming Canada Inc., has requested the Alcohol and Gaming Commission of Ontario (the “AGCO”) to obtain Game Related Provider – Manufacturer License (the License”). The License will enable Sportsflare, the Company’s wholly-owned technology division, to provide AGCO-approved sportsbooks with its advanced artificial intelligence (AI)-powered esports betting solutions.

Following the Canadian federal government’s enactment of Bill C-218 in August 2021, which has since paved the way for provinces to implement a framework for the legalization of single-event sports betting, Ontario, most populous province in Canada, became the first province to accept applications from private iGaming operators. The AGCO announced in January 2022 that it would launch a new online gaming marketplace on April 4, 2022 through iGaming Ontario, a subsidiary of the AGCO.

“With the Ontario iGaming marketplace launching in approximately one month, we intend to gain a first mover advantage by becoming a fully registered gaming provider in Canada’s most populous province and what is expected to be one from major markets in North America,” said Tom Hearne, CEO of Tiidal Gaming. “Our technology is currently integrated into dozens of sportsbooks around the world and has received strong uptake from esports bettors. Accordingly, we plan to introduce our cutting-edge betting products to the Ontario market in order to expand and advance our presence in the North American market. betting industry.”

About Tiidal Gaming

Tiidal Gaming is a leading media and technology platform enabling next-generation engagement in esports and gaming. We are positioned at the intersection of gaming, media and betting and enable our partners to create positive, engaging and immersive experiences for fans and consumers through our cutting-edge multimedia and technology offerings. With deep roots and expertise in the industry, Tiidal is focused on the next generation of fans and consumers and building the future of game-based entertainment. For more information, visit www.tiidal.gg.

For more information please contact:

Tom Hearn
President and CEO, Tiidal Gaming
e: tom@tiidal.gg
: 416-560-0528

Investor Relations
e: ir@tiidal.gg
: 905-510-7636

Forward-looking information

This press release contains certain forward-looking statements that reflect the Company’s management’s current beliefs and/or expectations regarding future performance, business and events. Forward-looking statements are based on then-current expectations, beliefs, assumptions, estimates and forecasts about the business, industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company undertakes no obligation to publicly release revisions to update voluntary forward-looking statements, except as required by applicable securities law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “United States Securities Act”) or any state securities law and may not be offered or sold in the United States or to US persons unless registered under United States securities law and applicable state securities laws or an exemption from such registration is available. Not for distribution to US news agencies or for dissemination in the United States. Failure to comply with this restriction may constitute a violation of United States securities laws.

Neither the Canadian Securities Exchange (the “CSE”) nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. .

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116235

About William G. Patrick

Check Also

Chitosan Market | Prospects, Strategies, Manufacturers, Countries, Type and Application, Global Forecast to 2029 – Queen Anne and Mangolia News

Data Bridge Market Research analyzes that the spunbond market will witness a CAGR of xx% …