Absolutebet receives Ontario igaming operator registration
The operator is now authorised to offer regulated igaming services in the Canadian province.
Canada.- Absolutebet Corp has been granted registration as an internet gaming operator by the Alcohol and Gaming Commission of Ontario (AGCO). The operator is now authorised to offer regulated igaming services in the Canadian provincee.
Chen Truman, founder of absolutebet, said: “Securing AGCO registration is more than a milestone—it’s the start of absolutebet’s journey in one of the most exciting regulated markets in the world. We are building a brand that will grow with the Ontario community and set the stage for future expansion.”
Krisztina Kalla, legal and regulatory compliance advisor of absolutebet, added: “I’m incredibly proud to see all the hard work behind this license pay off. Securing AGCO registration has taken months of preparation and close collaboration with regulators and partners. I am very happy to see the result of that work, and even more excited as we move into the launch phase and open up the absolutebet community to Ontario players in a fun and responsible way.”
Ontario’s regulated igaming market generated CA$306.8m in non-adjust gross gaming revenue (NAGGR) in June, down 9 per cent from May. According to iGaming Ontario, total cash wagers amounted CA$7.3bn, down 10 per cent.
Online casino accounted for 79 per cent of revenue at CA$243m, down 6 per cent from May. Sports betting GGR declined 19 per cent to CA$58.4m. Peer-to-peer poker generated CA$5.4m, down 15 per cent month-on-month. In terms of cash wagers, online casino generated CA$6.3bn, sports betting $768m and peer-to-peer poker $5.4m.
iGaming Ontario names Joseph Hillier as new president and CEO
iGaming Ontario’s board of directors recently appointed Joseph Hillier as president and chief executive officer, effective September 8. Since Martha Otton’s retirement, David Smith has served as interim in the role.
iGaming Ontario said: “The board of directors looks forward to supporting Joseph as he leads iGaming Ontario to build on Ontario’s igaming market success and deliver on key priorities including an anti-money laundering system for operators, and a centralized self-exclusion platform for Ontarians.”
