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 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 #

BeyondPlay Gains Access to Ontario’s iGaming Space - Casino Reports
BeyondPlay Gains Access to Ontario’s iGaming Space – Casino Reports

Yet another private supplier has now joined Ontario and its open market for online gambling and sports wagering. This time, 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 , 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 , August 23, 2023

#BeyondPlay # # # #iGaming # #Casino #