Playgon Applies to Join New Ontario iGaming Market
Playgon has applied with the Alcohol and Gaming Commission of Ontario to become a licensed iGaming supplier in the province.
Playgon has announced its intention to become part of Ontario’s new competitive iGaming and sports betting market for private operators. The provider has officially submitted its application to the Alcohol and Gaming Commission of Ontario to become a licensed supplier. If approved, Playgon would be given the go-ahead to supply its content to other locally licensed entitles.
Last summer, the Canadian government introduced single-event sports betting as a legal wagering option in the country. This has played a significant part in diversifying Ontario’s online betting market. On 4 April 2022, the province became the first in the country to enact a regulated framework for private iGaming operators.
Playgon is a proprietary SaaS tech company best known for offering the first mobile live dealer technology, VegasLounge™, to other global operators. This week, the company announced that it applied for a gaming supplier–manufacturer license from the Alcohol and Gaming Commission of Ontario, which regulates the local market.
If the provider receives regulatory approval, it will be able to legally offer its live dealer products from its state-of-the-art studio in Las Vegas to other licensed entities. According to H2 Gambling Capital, Ontario’s iGaming and online sports wagering markets are expected to reach the value of US$2 billion in 2022. It is also believed that the local market will transform into one of the most significant iGaming sectors in North America.
Darcy Krogh, CEO of Playgon Games, described the province as a crucial market into which the company wants to expand. He said that due to the growing interest in the market, the provider has decided to fast-track its application.