Playson, a leading online gaming provider, has achieved a significant milestone by obtaining an online gaming license from the Alcohol and Gaming Commission of Ontario (AGCO) in Canada. With this license, Playson can now operate in Ontario and offer its impressive product portfolio to licensed operators in the Canadian province. Ontario’s iGaming market, which opened on April 4, has already shown impressive revenue numbers in its first three months, presenting a promising opportunity for Playson’s expansion.
Playson Secures Ontario Gaming License:
After months of determined efforts, Playson has successfully obtained an online gaming license from the AGCO, marking a significant step forward for the company. This achievement allows the provider to enter the promising Ontario market and extend its services to licensed operators in the region. Playson’s General Counsel, Andrei Andronic, expressed excitement over the accomplishment, emphasizing the company’s eagerness to venture into the North American gaming landscape.
Thrilling Product Portfolio:
Playson’s online gaming offerings are nothing short of impressive, featuring popular titles such as Buffalo Power: Hold and Win, Legend of Cleopatra Megaways, and Royal Coins: Hold and Win. In addition to these engaging games, the supplier plans to expand its product lineup with new releases, ensuring a diverse and captivating gaming experience for players and operators alike. Moreover, licensed operators in Ontario can now integrate Playson’s promotional offerings, including network tournaments and the innovative Cash Blast tool, which offers lucrative cash prizes.
Playson’s Strategic Global Expansion:
With the Ontario license, Playson now operates in over 20 regulated markets worldwide. The company’s experience in navigating various regulated markets has been instrumental in securing this milestone license. Tamas Kusztos, the Chief Commercial Officer at Playson, expressed enthusiasm over the company’s entry into the Ontario iGaming market, highlighting its growth plans beyond Europe. Armed with a robust foundation and a team of passionate individuals, Playson aims to explore and excel in newly regulated jurisdictions across the globe.
Ontario iGaming Market Performance:
The iGaming Ontario (iGO) recently released its first public report on the market’s performance since its launch on April 4, covering the first full quarter of operations ending on June 30. Impressively, the revenue for this period amounted to CA$162 million from wagers of $4 billion. The market boasts 18 active operators across 31 gaming websites and attracts 492,000 active players. On average, players spent approximately $113 per month on iGaming activities. Noteworthy operators in Ontario include renowned names like DraftKings and Bally Bet, as well as international groups such as Entain and local operators like North Star.
The Promise of Ontario’s iGaming Market:
Ontario’s iGaming market has shown tremendous potential in a short period. The substantial revenue figures and a vast number of active players signify the growing appetite for online gaming in the region. With a wide range of licensed operators offering diverse gaming experiences, the market presents a unique opportunity for gaming providers like Playson to thrive and cater to the preferences of a diverse player base.
Playson’s achievement of obtaining an online gaming license in Ontario opens new doors for the company’s growth and expansion in the North American market. Armed with an exciting product portfolio and a strategic approach to global expansion, Playson is poised to make a significant impact on Ontario’s iGaming landscape. Meanwhile, the promising performance of Ontario’s iGaming market in its first quarter presents an encouraging outlook for the future, attracting operators from around the world and delighting a large player community. As the iGaming industry continues to evolve, Playson’s entry into Ontario marks a crucial step in solidifying its position as a major player in the global online gaming arena.