Soon, Ontarioians will have another premium gambling brand to choose from, just as leading game provider Bet Games recently announced its entry into the local market. The Live Dealer brand is fully licensed by the Ontario Alcohol and Gaming Commission, allowing it to release premium game titles to authorized organizations in other states.
Ontario's online casino and sports betting segment for private operators is the first in Canada. It went online on April 4, 2022, and is managed by AGCO and its subsidiary, iGaming Ontario. So far, more than 20 operators and more than 30 gaming websites have been granted permission to join the segment, much more of which.
Once living in the provinces, Bet Games will be able to deploy an impressive portfolio of iGaming titles, including a collection of broadcast lotto-themed titles and games based on the show. It features fans' favorite titles such as Lucky 7, Lucky 5, and Entain Exclusive Starzle. But to debut, you need an operating contract for IGaming Ontario.
Andreas Koeberl, CEO of the game brand, shared the company's excitement about the Ontario license. Corberl went on to say that the provincial market is one of the major potentials and the supplier is excited to be part of this recently regulated sector.
The gaming business is licensed to operate and provide its various products in jurisdictions regulated by the Maltese gaming authority, the GB Gambling Commission, and South Africa. Once the company joins the local market, it will have many operators to provide its products. Popular brands such as L7 Entertainment, World Series Poker, Apollo, Besafe, and Pala have entered it.
In October, AGCO released its second-quarter report on Ontario's online casino and sports betting market. Effective July 1, 2022 to September 30, 2022, the local market at that time generated a total bet size of C$6.04 billion and game revenue of C$267 million or more. In Q2, there were 24 operators and 42 gaming websites. 바카라사이트 추천
The state regulator also reported 628,000 active users in the second quarter. They spent an average of C$142 per month per customer. However, it should be noted that these figures do not include revenue from PROLINE+, as the latter is a state website operated separately by OLG.
Just recently, AGCO also decided to take drastic action against gray market operators who have not yet switched to the regulatory sector. The regulator said it would grant an Oct. 31, 2022 deadline for illegal platforms to be legalized in jurisdiction and join the regulatory market. Otherwise, they risk being penalized by regulators, including the rejection of applications.