As the Ontario-regulated market picks up steam, three more licenses are issued, following three more awarded in November to Coolbearm, Videoslots, and Netbet.
The latest three licenses have been awarded to Delta iGaming Inc, Ligtip Limited, and Ellipse Entertainment Limited.
Delta iGaming Inc, Ligtip Limited, and Ellipse Entertainment Limited
Delta iGaming Inc is known for its Delta Bingo and also Gaming brands. The launch of these two brands in Ontario will bring exciting new fare to the market, particularly to bingo lovers.
An expert in sports betting and live betting, Ligtip Limited will be able to launch its popular brand, TonyBet, in Ontario, bringing to the scene a diverse choice of gaming options.
Based in the UK, Ellipse Entertainment Limited is set to launch its High Flyer Casino brand, another well-known name amongst seasoned players.
The Ontario iGaming legal framework
The Alcohol and Gaming Commission of Ontario is responsible for regulating the Ontario online gaming market through its subsidiary Ontario iGaming.
Applicants go through a rigorous assessment before a license is issued and they are allowed to operate in the province.
Once they launch their services, they are subject to a number of regulatory assessments to ensure compliance in sports betting, casino, bingo, and lottery.
Ontario iGaming is tasked to carry out monitoring, audits, and inspections. This also includes testing online slots and other games.
Ontario has been working to regularise its online gaming market for years. It finally succeed in April of 2022, attracting plenty of popular casino brands to one of the fastest-growing markets in the world.
The opening of the market to offshore casinos has provided consumer choice while offering players protection from otherwise unlicensed operators.
This kind of serious approach is necessary to cater to the rather high demand for online gaming.
The financial report for Q3 published by AGCO shows a total of $6.04 billion spent on bets, $2 billion more than the previous quarter.