A relevant provider of online betting and gaming solutions to regulated operators globally, Soft2Bet is delighted to announce that it has been granted a Certificate of Registration in Ontario, Canada’s largest province, moving it one step closer to being able to launch soon its Tooniebet.com iGaming brand.
Via the certificate number OPIG1280338, local regulator, the Alcohol and Gaming Commission of Ontario (AGCO) enabled Soft2Bet to continue its expansion into the world’s largest regulated jurisdictions.
Ontario has been a major success story for regulated online sports betting and casino in North America in the past two years. The province launched its regulations in April 2022. Latest figures for the fourth quarter of 2023 showed that operators recorded a 21% rise in wagers to CA$17.2 billion (USD 12.67 billion) and a 22% increase in gross gaming revenues to CA$658 million (USD 485 million), the highest ever revenue total in Ontario’s wagering history. Online casino was the main driver of this growth and generated CA$13.7 billion (USD 10 billion) of the total stakes and CA$471 million (USD 347 million) in GGR.
Elisabeth Isaksson, Head of Regulatory Compliance at Soft2Bet, commented: “Being registered with the AGCO in Ontario is testament to the work our compliance and regulatory teams are doing daily to enable our continued expansion in the world’s largest regulated markets. We’re immensely excited about taking our first steps in North America and look forward to licensing and launching in more jurisdictions in the region.”
As for Martin Collins, Chief Business Development Officer, he added: “This Ontario certification is another significant and important step in our corporate expansion plans. It fits perfectly with our stated aim of growing our regulatory footprint. We very much look forward to continuing our advancement on this path.”
Soft2Bet is also actively working to obtain a licence in New Jersey and continue its expansion in the Americas. This activity comes after the group obtained B2C licences in Italy, Greece, and Romania in 2023.