Videoslots, a prominent gaming operator, is set to make waves in the Canadian iGaming scene by launching its online casino in the province of Ontario. Alongside its sister brand, Mr Vegas, the operator plans to introduce a diverse array of games from renowned studios such as Pragmatic Play, Play’n GO, Evolution, Light & Wonder, Pariplay, NoLimit City, Quickspin, Greentube, Relax Gaming, and Games Global. This strategic move marks the seventh international gaming license for Videoslots, aligning with the success it has previously enjoyed in Malta, Sweden, Denmark, Italy, Spain, and the UK.
Market Overview:
The decision to enter the Ontario iGaming market is rooted in its substantial economic contributions. Research compiled by Deloitte reveals that the Ontario iGaming market generated a remarkable C$1.5 billion (US$1.2 billion) in positive economic impact during its inaugural year of operations. The sector’s growth resulted in the creation of 12,000 new jobs, contributing C$900 million in benefits through salary payments.
Employment Landscape:
One notable aspect highlighted in the report is the quality of jobs created in the Ontario gaming sector. Average wages for workers in the industry stand at C$103,000, a figure significantly higher than the average Ontarian wage by approximately C$30,000. This revelation underscores the sector’s role not only in economic stimulation but also in providing well-paying employment opportunities.
Videoslots’ Perspective:
Ulle Skottling, the deputy CEO at Videoslots, expressed enthusiasm about the Ontario venture, considering it a milestone for the Videoslots team. He emphasized the excitement surrounding the opportunity to entertain players in the region. Skottling acknowledged the historical success Videoslots has enjoyed in Canada and highlighted the strategic decision to join the regulated market, which has proven beneficial for both players and operators.
Gaming Portfolio and Partnerships:
Videoslots’ foray into Ontario will be marked by a robust gaming portfolio, featuring titles from industry-leading studios. Pragmatic Play, Play’n GO, Evolution, Light & Wonder, Pariplay, NoLimit City, Quickspin, Greentube, Relax Gaming, and Games Global will collectively contribute to an immersive gaming experience. The operator also plans to entice players with a welcome bonus and engaging features like Battle of Slots, Clash of Spins, and The Wheel of Jackpots.
Regulatory Landscape:
The decision to enter the Ontario market aligns with the evolving regulatory landscape. The province’s regulatory framework has proven effective, creating a conducive environment for both players and operators. The move not only reflects Videoslots’ commitment to compliance but also positions the operator to capitalize on the growing opportunities within the regulated Ontario iGaming market.
In conclusion, Videoslots’ strategic entry into the Ontario iGaming market, accompanied by its sister brand Mr Vegas, marks a significant development in the global gaming landscape. The economic contributions of the Ontario iGaming sector, coupled with the favorable regulatory environment, position Videoslots for success in providing top-tier gaming experiences while contributing to the province’s economic growth. As the operator embarks on this new venture, the diverse gaming portfolio and customer engagement features are poised to resonate with the discerning Canadian audience, establishing Videoslots as a key player in the thriving Ontario iGaming market.