LeoVegas has been registered as an igaming operator within the soon-to-be launched Ontario regulated market as it gains approval from the Alcohol and Gaming Commission of Ontario.
Moving one step closer to full entry into the province, the completion of the licensing process will require the operator to enter into an operating agreement with iGaming Ontario, which will be achieved once the onboarding steps with iGO is completed.
“Over recent years, the LeoVegas brand has become the third most well-known casino brand in the Canadian market and Royal Panda has shown strong growth – a clear sign that the mobile gaming experience we offer is appreciated by North American customers,” explained Gustaf Hagman, CEO of LeoVegas Group.
“Our full focus now is to complete the process and we look forward to launching in a regulated environment. Given our track record and knowledge to operate in regulated markets we continue to have high expectations and ambitions for continued growth in the Ontario market.”
Once fully approved, the group will offer casino, live casino and betting under the brands LeoVegas and Royal Panda.
In recent years, Ontario has undergone a re-regulation process and, in the meantime, LeoVegas Group has been establishing its brands with the province’s customer base and the rest of Canada.
In January 2022 revenues from Canada accounted for 13 per cent of the group’s total revenues and Ontario generated approximately 35 per cent of the Canadian revenues.