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Canada’s Playgon Games Secures Supplier License in Ontario

Posted on August 30, 2023 | 5:27 am
playgon-games-receives-ontario-gaming-related-supplier-license

Playgon Games, a Canadian company which specializes in delivering mobile live dealer technology to online casino operators, has announced that it has secured a license from the Alcohol and Gaming Commission of Ontario, the regulatory agency which is in charge of overseeing the regulated iGaming and sports betting market in the province of Ontario.

The license allows Playgon Games to become a supplier for licenses iGaming and sports betting operators which are already operating in Ontario, delivering them its mobile live dealer platform which streams games from a dedicated studio located in Las Vegas, Nevada.

The company’s live dealer platform is called VegasLounge and it has been registered as a trademark by the Canadian supplier. The developer offers Roulette, Blackjack and Baccarat, all streamed live from Las Vegas with professional dealers at the table and with a broadcast that is optimized for mobile devices.

Speaking about the Ontario license, Darcy Krogh, President and Chief Executive Officer of Playgon Games, described this moment as “a major milestone” for the Canadian company and declared that the supplier is “extremely excited for the opportunity in this market.”

Moreover, the Playgon Games CEO revealed that this represents the “first entrance into North America” for the company when it comes to the live dealer technology it supplies. The company executive underlined that 32 percent of the revenue generated by online casinos in Ontario has come from live dealer tables, and that is why the province’s market is “very attractive” for the Canadian company.

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A Booming Market

iGaming Ontario reported that people in the province wagered over 35.6 billion Canadian dollars in the first year since the regulated gambling market opened in the province, with total gaming revenue amounting to over 1.4 billion dollars. Those figures place the Canadian province in the top five of all North American jurisdictions.

Moreover, according to research conducted by Deloitte, the famous international auditing company, Ontario’s open and regulated iGaming market created over 12,000 full-time jobs and contributed 1.6 billion dollars to the gross domestic product of the province.

The report released by Deloitte also revealed that the online gambling and sports betting industry in Ontario has the potential to expand even further and support around 22,000 full-time jobs. The report also adds that the industry could add up to 4.7 billion dollars to the gross domestic product of Ontario and over 2.1 billion dollars in annual Government revenue by 2031-2032.

Source:

“PLAYGON GAMES – Maker of VegasLounge Receives Ontario Gaming-Related Supplier License“, playgon.com, August 21, 2023.

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