Soft2Bet has been awarded the required Certificate of Registration from the Alcohol and Gaming Commission of Ontario to begin business within the Canadian province.
Soft2Bet Receives Certificate Of Registration From Ontario Commission
This move will mean that online gambling and gaming solutions providers can enter the market within Ontario, while also progressing Soft2Bet’s chances of opening Tooniebet.com also.
Betting markets within Ontario are on the rise, which is why operators like Soft2Bet are keen on opening up, as betting companies saw a 21% increase from wagers during the final quarter in 2023.
These wagers totaled to $12.7 billion and gross gaming revenue reached $484m, seeing a 22% rise when compared to its previous quarter.
Soft2bet is also looking into the possibility of opening up in more US states and is in the process of becoming available in New Jersey – as it battles for a license within the state.
Head of Regulatory Compliance, Elisabeth Isaksson, believes the move into Ontario is just the first step in a series of moves for the site.
She said: “Being registered with the AGCO in Ontario is testament to the work our compliance and regulatory teams are doing daily to enable our continued expansion in the world’s largest regulated markets.
“We’re immensely excited about taking our first steps in North America and look forward to licensing and launching in more jurisdictions in the region.”
Another key member of the Soft2Bet business is Chief Business Development Officer, Martin Collins, who believes Ontario fits the overall aim of the company superbly.
He said: “This Ontario certification is another significant and important step in our corporate expansion plans. It fits perfectly with our stated aim of growing our regulatory footprint and we very much look forward to continuing forward on this path.”
Ontario has been on a rampant run when it comes to betting operator partnerships, as it has recently agreed deals with DraftKings and Hacksaw Gaming.
Visit Instant Withdrawal Casinos on InstantCasinos for the fastest payout online casinos.
