Every week, the number of licensed institutions in Ontario’s digital gambling and sports betting market increases even further. Recently, Ontario’s Alcohol and Gaming Commission, a regulator, said it has approved nine additional brands to become part of the legal market. 온라인카지노사이트 The brands are run by leading betting companies such as Apollo Entertainment, Betson and Boyd Gaming.
Ontario’s market was officially launched by the week of April 4, 2022. The new iGaming model aims to intervene in Ontario Lottery and Gaming Corporation’s monopoly in the online gaming sector and to provide local residents with a safe and regulated gaming space. This will reduce the size of bets on unregulated overseas game sites and maintain state revenue.
Late last week, AGCO reported that nine additional game brands had been approved to join the local regulatory market for online gaming and sports betting. As stated, the nine digital casinos are operated by Pala Interactive, owned by Apollo Entertainment, Betson and Boyd Gaming. It is allowed to operate in the local Internet market for a period of one year.
Seven of the nine licenses went to Apollo Entertainment, a company known for offering casinos in the gaming global slot. Two other brands registered with AGCO will be owned and managed by Bettson-owned GWN Limited and Boyd-owned Pala Interactive, while they will be able to go online after receiving an operating contract from AGCO’s iGaming Ontario.
Apollo Entertainment’s seven websites registered by Ontario regulators reportedly include Zodiac Casino, Yukon Gold Casino, Luxury Casino, Grand
Mondial Casino, Casino Classic, Captain Cooks Casino, Golden Tiger Casino. Meanwhile, two brands, Palo Interactive and GWN Limited, are on.canplaycasino.com and Ot.betsafe.com , respectively.
IGaming Ontario finally released its first official financial report in the online market in late August after it launched in April. During the first three months of operation, the private market accumulated more than CA$4 billion in betting volume, but revenue was only CA$162 million. However, this figure is slightly less than expected, but it is still impressive.
The market and then online operators had 492,000 active player accounts in the first quarter and spent an average of C$113 per month. However, this does not include the promotional bonuses that have been bet. Holding for the quarter was 3.9%, significantly less than other regulated online markets, such as 6.63% in New York’s first quarter.
Recently, Woodbine Entertainment, Ontario’s largest horse racing operator, offers exciting news for online betters. The group said it was working to provide online operators of the state with bets on horse racing and that it should be done before the end of the year. To become a reality, the organization needs permission from the Mutual Agency in Paris, Canada.