Casumo Adopts mkodo Tech for its Ontario’s iGaming Business - Casino Reports
Casumo Adopts mkodo Tech for its Ontario’s iGaming Business – Casino Reports

is now bolstering its operations in Ontario's regulated market for internet gambling and sports betting. The operator recently informed that it has teamed up with for the latter's geolocation verification solution, GeoLocs. Now, the technology has been incorporated into its in the province to meet full compliance with geolocation requirements.

In April 2022, Ontario became the first Canadian province to open up its online gambling market for third-party operators, leading to dozens of operators being now licensed to lawfully run in the province. The aim of the sector was to prevent local bettors from playing on offshore websites and thus keep a portion of the revenue to the province.

Enhancing Geolocation Protections with GeoLocs

Casumo was permitted to join the Heartland Province's iGaming space by the Alcohol and Gaming Commission of Ontario in June of 2022. But it went online in the province in November 2022. Currently, the company wants more online security with GeoLocs, which has been developed to deal with the industry's geolocation issue with quick and seamless integration.

Mark Busuttil, CPO at the Malta-based operator said by choosing GeoLocs as a geolocation provider, the company is confident that it can provide users with a seamless and user-friendly experience which will answer to compliance and regulatory demands in Ontario. He added that the solution has been key in supporting the company in its pursuit of license and operations in Ontario.

It is worth mentioning that GeoLocs has been utilized by partners of mkodo for over a decade now. It provides a smooth user experience when it comes to the location verification process. Users are able to verify their location quite quickly, which happens directly within the app or website, hence, removing any tedious location approval process that usually drags on.

In the meantime, Stuart Godfree, Managing Director at mkodo remarked the brand is pleased to be partnering with a leading operator to support its iGaming launch in the province and broaden the solution's popularity in the region. The official further shared that the company is eager to team up with the operator and offer the best user experience for geolocation in the province.

Ontario Recaps Q1

In July 2023, Ontario issued its financial report for the first quarter of the fiscal 2023-2024, which started on April 1, 2023, and stretched to June 30, 2023. In that time, the iGaming sector witnessed over CA$14 billion in total betting volume, which translated to CA$545 million in revenue. There were 920k active user accounts, which had an average monthly spend of CA$197.

The largest portion of the betting volume is derived from digital games, including slots, live and computer-based table games and peer-to-peer bingo. It accounted for nearly CA$11.6 billion or 83% of total wagers in Q1. Betting on sports, eSports, and novelty bets contributed CA$2 billion or 14% while peer-to-peer poker accounted for CA$350 million or just 3% of the total tally.

Source: “Casumo onboards mkodo's GeoLocs solution for Ontario igaming operations” Canadian Gaming Business, September 14, 2023

#Casumo # #mkodo #Tech # #iGaming #Business #Casino #

Pollard Banknote’s mkodo in Contention for Two Honours - Casino Reports
Pollard Banknote’s mkodo in Contention for Two Honours – Casino Reports

In a recent statement, Manitoba-based Banknote reported that its subsidiary, , has been nominated in two categories at SCB Awards 2023. The subsidiary is a premier B2B supplier of mobile and front-end technology to and lottery operators and is now in to win Employer of the Year and Innovation in Mobile.

mkodo is a prominent name when it comes to delivering apps and user interfaces to the lottery and gaming industry around the globe. Established in 2001, the company is popular for its ability to develop and provide digital experiences to the target audience of its partners' online players. Currently, the supplier works with numerous lotteries worldwide, including some Canadian ones.

Testament to its Commitment

This is mkodo's first instance of being included in the shortlist in the Employer of the Year category by SCB Awards. Its nomination comes after previously being named one of the Top 100 Places to Work in the U.K. by Sunday Times. The company takes great pride in ensuring a working environment that promotes creativity, flexibility, and innovation.

In the meantime, the provider's nomination in the Innovation in Mobile category is a testament to its devotion as a top-notch supplier of customer-facing mobile apps for the lottery, betting and gaming industries. Since its launch, the brand has provided over 400 iOS and Android App Store releases and secured an average iOS App Store rating of 4.8 out of 5.

Doug Pollard, Co-Chief Executive Officer of Pollard Banknote congratulated its subsidiary for the nomination and said the company is proud of being a full-service lottery supplier, providing digital innovations and impeccable titles to entertain audiences. He added that the subsidiary's immaculate reputation is one of the reasons Pollard is able to deliver inventive products to its partners.

It is expected that more than 1,000 guests will attend this year's SBC Awards, which celebrate the best in sports betting and gaming. The event also acknowledges the achievements of operators, affiliates, and suppliers from the sector. The special ceremony will be taking place on the last day of the SBC Summit Barcelona on September 21, 2023, at Caves Codorniu.

Recapping Q2 in Numbers

Last month, Pollard Banknote issued its financial report for the quarter ending on June 30, 2023. In Q2 of 2023, revenue hit CA$130.2 million, or 12.4% more than the results in Q2 of 2022. It also disclosed combined sales, including ones from NeoPollard, amounting to CA$148.8 million. Meanwhile, in Q2 income from operations reached CA$9.9 million.

In addition to fiscal highlights, the company also recapped its operational high points from the first half of 2023. In that time, the lottery partner inked some important collaborations. One of those was Atlas Experiences, LLC. Via the deal, the two parties partnered on the launch of a new multi-jurisdictional Frogger instant game program, allowing lotteries to offer a grand prize and access to an integrated marketing campaign

Source: “mkodo, a Pollard Banknote Company, Shortlisted in Two Categories at SBC Awards 2023” PR Newswire, August 30, 2023

#Pollard # #mkodo #Contention # # #