Playgon Games receives gaming license to operate in Ontario, Canada
Playgon Games Incorporated, a technology company focused on developing & licensing digital content for the fast-growing iGaming market, has announced that it has obtained a gaming license to operate Ontario, Canada. According to emerging media reports, the gaming license has been granted by the Alcohol & Gaming Commission of Ontario (AGCO). It may be noted here that the AGCO is the state authority responsible for the legislation related to the gambling-friendly operations in the jurisdiction.
The newly issued permit will allow Playgon to deliver mobile live dealer technology to the regulated iGaming and sports betting operators from its Las Vegas Nevada-based broadcasting studio. Announcing the permit, Playgon said that the state gaming regulator’s approval will also enable it to team up with various iGaming operators. It will also allow the company to channelize its all-inclusive mobile live dealer technology brand, called VegasLounge, to the fast-growing Ontario iGaming market.
The state gaming regulator’s approval for the license will thus help a lot in Playgon Games’ expansion in the Canadian province of Ontario through the scope of technology supplies. When asked for a comment on the achievement, Playgon CEO Darcy Krogh said that the company remained committed to development of digital content for the iGaming operators in the province.
Vancouver, British Columbia-headquartered Playgon’s portfolio includes Live Dealer Casino, E-Table games and Daily Fantasy Sports (DFS). The broad portfolio represents an iGaming package proficient enough to reach a wide customer community.
Speaking on the topic, CEO Krogh said, “Not only is it our first entrance into North America for our mobile first live dealer technology, we have significant interest for our product in this market that we will announce in due course.”
He explained that Ontario is among the top five iGaming markets in North America and live dealer table games account for nearly 32 per cent of the total revenue generated within the vertical of online casinos.
Stats released by the Ontario gaming regulator also show that the province is one of the fastest-growing iGaming jurisdictions in the entire North America. According to available stats, legalized gaming operations in Ontario amounted to a total market handle of around CAD $35.6 billion (approx. US$26.3 billion). Gross gaming revenue (GGR) was recorded at $1.4 billion in the FY 2022, which was the first year of legalized gaming operations in the Canadian province. In other words, the stats are enough to show that the online gaming market has made an impressive debut after being officially launched in Ontario in April 2022.