Yet another private iGaming supplier has now joined Ontario and its open market for online gambling and sports wagering. This time, BeyondPlay announced that it has been granted a gaming-related supplier license by the Alcohol and Gaming Commission of Ontario. The permit allows it to deliver its gaming services and content to operators running in the province.
In April 2022, the province became the first Canadian jurisdiction to allow private operators to offer legal iGaming to local players. Governed by AGCO and its subsidiary iGaming Ontario, the local sector attracted interest from some of the biggest names in the industry. In its first year, it generated over CA$35 billion in betting handle, placing in the top five in North America.
Another B2B Supplier Joins the Mix
Now, that BeyondPlay is a licensed gaming-related provider in the Province of Ontario, the company can ink B2B partnerships with betting operators who are also allowed to run in the iGaming sector. The supplier also announced that it will be launching its advanced content-agnostic Jackpot Management Software in Ontario during the fourth quarter of 2023.
Andrii Grygorovych, Head of Compliance at the gaming provider, said its team was honoured to be officially registered as a gambling software distributor in Ontario by AGCO. He said that it was a testament to the company's commitment to compliance and responsible gambling. After Ontario, the company plans on further expanding into North America by reaching new legal jurisdictions.
Via the license, the provider will be able to offer its cutting-edge multiplayer and jackpot products, with the latter allowing operators to produce exclusive in-house jackpots for their casino, live casino, and sports betting products. Currently, the developer is in possession of licenses from MGA, Sweden, and the UK, all achieved before its Ontario launch.
Provincial Market in Numbers
Recently, iGaming Ontario issued its quarterly report on the regulated online casino and sports betting market for the period between April 1 through June 30, 2023. In the first quarter of the FY, the province handled an online wagering volume of over CA$14 billion. This translated into CA$545 million in gaming revenue before tax.
At the end of the quarter, there were 46 operators online, which ran 71 gaming websites. There were 920k active player accounts, which had an average monthly spend of CA$197. Slots, live and computer-based table games and peer-to-peer bingo which accounted for nearly CA$11.6 billion or 83% of total wagers. With the rest split between sports betting and poker.
In the meantime, the iGaming sector continues to grow larger, as more and more operators make their debut. In July 2023, the province saw the launch of STX, which is the first sports betting exchange in the jurisdiction. Via the platform, players can place trades in the betting markets once both buyer and seller find a middle ground on their pricing.
Source: “BeyondPlay outlines next steps in North America after achieving ‘major milestone' in Ontario” Canadian Gaming Business, August 23, 2023