With the Ontario-regulated gaming market gaining momentum, three new licenses have been issued, joining the three that were awarded in November to Coolbearm , Videoslots , and Netbet .
The three latest licenses have been awarded to Delta iGaming Inc , Ligtip Limited , and Ellipse Entertainment Limited .
Delta iGaming Inc is recognized for its brands like Delta Bingo, which aims to introduce fresh and exciting options for bingo enthusiasts in Ontario.
Ligtip Limited , a specialist in both sports and live betting, is set to debut its well-known brand, TonyBet, in Ontario, expanding the gaming landscape with diverse offerings.
Ellipse Entertainment Limited , based in the UK, is preparing to launch its High Flyer Casino brand, a name familiar to experienced players.
Understanding the regulations governing Ontario’s iGaming landscape
The Alcohol and Gaming Commission of Ontario oversees the online gaming industry within the province through its subsidiary, Ontario iGaming.
All applicants undergo a thorough evaluation process before they are granted licenses to operate in Ontario.
Once their operations commence, these companies are regularly evaluated to ensure they adhere to regulations across sports betting, casinos, bingo, and lotteries.
Ontario iGaming is responsible for conducting monitoring, audits, and inspections in addition to testing
Ontario has been dedicated to formalizing its online gaming sector for several years, achieving significant progress in April of 2022 , which has attracted numerous popular casino brands to one of the fastest-expanding markets globally. online slots and other games.
By allowing offshore casinos into the market, Ontario has enhanced consumer choices while safeguarding players from unlicensed operators.
This serious commitment to regulation is essential to address the high demand for online gaming.
According to the financial report for Q3 released by AGCO, a total of $6.04 billion was wagered, which is $2 billion more than in the previous quarter.
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