Soft2Bet Expands into North America with Ontario Certification
In its ongoing expansion across North America, Soft2Bet has announced its successful certification in Ontario, Canada's most populous province and a significant online gambling market. The company confirmed the certification earlier this week, revealing that it has obtained a Certificate of Registration from the Alcohol and Gaming Commission of Ontario (AGCO), the province's gambling regulator. This achievement enables Soft2Bet to extend its presence in the region.
The Ontario certification is a strategic move for Soft2Bet, aligning with its broader expansion efforts throughout North America. It marks a crucial milestone as the company progresses towards the launch of its iGaming brand, Tooniebet.com. Given the substantial potential of Ontario's betting and iGaming market, this development underscores Soft2Bet's commitment to strategic growth initiatives in key regions.
Earlier in January, Soft2Bet solidified its presence in the gambling sector by partnering with Hacksaw Gaming in Romania. This collaboration saw Hacksaw Gaming supplying games to power the gaming portfolio of Don.ro, Soft2Bet's brand in Romania. The partnership granted new customers access to a selection of Hacksaw Gaming's popular titles, including Wanted Dead or a Wild, Le Bandit, and RIP City.
Martin Collins, Soft2Bet's Chief Business Development Officer, expressed enthusiasm about the Ontario certification, emphasizing its significance in the company's expansion plans. He stated, "This Ontario certification is another significant and important step in our corporate expansion plans," highlighting the alignment with Soft2Bet's objective of expanding its regulatory footprint.
Elisabeth Isaksson, Soft2Bet's Head of Regulatory Compliance, echoed Collins's sentiments, underscoring the dedication of the compliance and regulatory teams in facilitating the company's expansion into highly regulated markets. She commented, "Being registered with the AGCO in Ontario is a testament to the work our compliance and regulatory teams are doing daily to enable our continued expansion in the world’s largest regulated markets."
Isaksson also expressed excitement about Soft2Bet's entry into North America and its plans for licensing and launching in additional jurisdictions within the region.
Since the launch of iGaming and sports betting in Ontario nearly two years ago, the province has emerged as a significant jurisdiction in North America's gambling landscape. With new regulations implemented in April 2022, Ontario's online gambling market has experienced substantial growth. In the fourth quarter of 2023, operators reported a notable increase in wagers and gross gaming revenues, underscoring the province's growing prominence in the industry.
JamesTheSpirited It's frustrating to see my state lose out on potential tax revenue because lawmakers are dragging their feet on legalizing sports betting. If other states can do it successfully, why can’t we?
ChristopherTheRadiant This is a huge step for Yggdrasil! Their games are always top-notch, and I can’t wait to see how they perform in the North American market. Hopefully, this means more exciting titles coming our way soon.
ElizabethTheWhimsical The proposed online casino license feels like a cash grab with those high fees and low RTP for slots. If I’m going to take a gamble, I’d rather do it in a crypto casino where the odds are better.
RonaldTheVibrant If Kick buys TikTok, it’s going to be a disaster for younger users. The last thing kids need is to be exposed to crypto gambling ads disguised as entertainment. We need stricter regulations on these platforms.
LauraTheMysterious It’s good to see brands like Stake.com expanding in Latin America, but I’m concerned about the growing trend of underage viewers tuning in to these stake game streams. We need stricter regulations to protect kids from getting exposed to gambling content.
KarenTheOptimistic I've been playing for a week now, and I'm especially pleased with the mechanics with dragons. True, my RTP seems to be lower, but it still flies normally
LisaTheResilient Yeah, screw this NO Limit city ... I've been riding for 3 months - nothing worthwhile has ever happened
markcampbell4r This sounds like a PR stunt more than an actual initiative to reward genuine streamers. With the history of manipulated outcomes in advertising, it's hard to trust the authenticity of these so-called 'max wins.' Are we really celebrating skill or just orchestrated hype?
AllenLaura1 This partnership sounds like a game-changer! GGPoker and Great Canadian Casino Resort Toronto teaming up is huge news for poker enthusiasts in Ontario. Can't wait to see the upgraded poker room and experience those WSOP tournaments!
NancyTheHarmonious This fine serves as a strong reminder that operators must prioritize social responsibility and anti-money laundering measures. It's good to see the Gambling Commission taking action to protect players and uphold industry standards.
MartinezBetty Consider elaborating on what specific types of "enhanced gaming experiences" might be envisioned to give readers a clearer picture of the possibilities.
SusanTheUnique Play'n GO keeps expanding, but it seems like their focus is more on growth than providing fair gameplay. With RTPs this low, it's hard to see how anyone can actually win. I’ll be staying away from these games in Michigan!
ChristopherTheXtraordinary It's worrying to think that Denmark’s gaming streamers could shift towards promoting casinos, especially with younger audiences in mind. Gambling content has no place in platforms where minors are involved.
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Congratulations to Soft2Bet on their Ontario certification! With the AGCO's approval, they're well-positioned to make a splash in one of Canada's key gambling markets. Can't wait to see their iGaming offerings thrive in Ontario and beyond.
It's impressive to see Soft2Bet's strategic approach to expansion. Partnering with Hacksaw Gaming in Romania and now obtaining certification in Ontario showcases their dedication to growth and innovation. Exciting times ahead for the company!
This is a smart move by Soft2Bet. Ontario's online gambling market has been growing rapidly, and securing certification here opens up a wealth of opportunities for the company. Looking forward to seeing Tooniebet.com make its mark!
Exciting news! Soft2Bet's expansion into Ontario demonstrates their commitment to tapping into new markets and delivering innovative gaming experiences. Can't wait to see what they have in store for Canadian players!