The Canadian gaming industry is witnessing significant advancements with the launch of PlayNow.com in Saskatchewan and the remarkable performance of iGaming Ontario (iGO). These developments reflect the growing popularity of online gaming platforms in the country.
PlayNow.com Expands into Saskatchewan:
The Saskatchewan Indian Gaming Authority (SIGA) has made a groundbreaking announcement that PlayNow.com, Saskatchewan’s first and only legal online gaming operator, will be launched in the province on November 3. This exciting development comes after an agreement was signed between the British Columbia Lottery Corporation (BCLC), SIGA, and SaskGaming in June. PlayNow.com’s expansion into Saskatchewan marks a milestone for the province’s gaming landscape, providing residents with access to over 400 casinos, live casino games, poker, and sports betting products.
Positive Impact on Saskatchewan:
SIGA’s President and CEO, Zane Hansen, highlights the significance of PlayNow.com for the province. Notably, the proceeds generated from the platform will be reinvested back into Saskatchewan, benefiting the community in various ways. This approach aligns with the existing brick-and-mortar casinos in the province, where net proceeds are also directed towards local investments. With PlayNow.com’s launch, residents can now enjoy online gaming while contributing to the betterment of their province.
iGaming Ontario’s Impressive Performance:
iGaming Ontario (iGO) has witnessed a remarkable performance since its launch on April 4. The province’s online gaming market has experienced substantial growth, as evidenced by the recently released second public report covering the second full quarter of operations, ending on September 30. During this period, the total handle reached an impressive CA$6.04 billion, representing a substantial 48% increase from the previous quarter’s CA$4.07 billion. Moreover, revenue surged by 65%, rising from CA$162 million to CA$267 million.
Success Factors and Future Prospects:
iGO’s extraordinary performance can be attributed to several factors, including the growing popularity of online gaming, increased consumer engagement, and the province’s efforts to provide a safe and regulated gaming environment. As technology continues to advance, the online gaming market is poised for further growth and expansion in the coming years. With a robust infrastructure and responsible gaming practices, Canada’s gaming industry is likely to attract more players and drive significant revenue.
The Canadian gaming industry is experiencing a transformative phase, with PlayNow.com’s expansion into Saskatchewan and iGaming Ontario’s impressive quarterly performance. These developments reflect the increasing demand for online gaming platforms and the industry’s potential to drive economic growth while providing entertainment to millions of players. As the market continues to evolve, it is essential for gaming operators, regulatory authorities, and stakeholders to collaborate in creating a safe, responsible, and enjoyable gaming environment for all Canadians. With these exciting developments, the future of online gaming in Canada looks promising and poised for even greater success.