It has been announced today that LeoVegas Group is to offer casino and sports betting services in Ontario after being registered as an operator in the province by the Alcohol and Gaming Commission of Ontario.
Following the registration, the operator will move to the final step of entering this new regulated market ahead of the opening next month, by entering an operator agreement with iGaming Ontario to become a digital provider of gaming and betting services.
According to reports, LeoVegas Group will complete the ‘necessary on-boarding steps’ with iGaming Ontario and propose to offer a number of product verticals, including casino, live casino and sports betting under the operator brands LeoVegas and Royal Panda.
Additionally, as the most populous province in Canada, Ontario is set to be one of the fastest growing and in-demand regulated gaming markets in 2022, covering some 14 million inhabitants, which accounts for around 40 percent of the entire country’s population.
What’s more, as an established operator with a presence already in the Canadian region, LeoVegas Group has laid the foundations for a loyal customer base, with almost fifteen percent of the firms total revenue coming from Canada.
Ontario is a soon-to-launch regulated gaming market that games providers and operators are keen to get involved in.
This move by LeoVegas will be part of the company’s growth and expansion strategy in North America to grow its presence and footprint, with plans to enter the United States later this year.
Gustaf Hagman of LeoVegas Group commented on the move and outlined what it means for the firm and Canadian players:
Over recent years, the LeoVegas brand has become the third most well-known casino brand in the Canadian market and Royal Panda has shown strong growth – a clear sign that the mobile gaming experience we offer is appreciated by North American customers.
Our full focus now is to complete the process and we look forward to launch in a regulated environment.
Given our track record and knowledge to operate in regulated markets we continue to have high expectations and ambitions for continued growth in the Ontario market.