Canada
Legacy jurisdictions set to take a hit when Ontario regulates online casino
OnlineCasinoList.com research shows older dot com licences will not be as profitable in Canada’s biggest market following regulation
The impact of regulation in Ontario, Canada, will lead to a decline in the take-up of legacy online licenses, according to new research by Canadian casino list portal, Online Casino List.
Once it becomes regulated in Q1 2022, Ontario will offer operators the opportunity to legally serve a province that currently makes up 43% of revenues of the whole Canadian online casino market. The costs of obtaining a licence will be around CA$100,000 and taxation rates are set at 20%.
Opting for the existing tribal Kahnawake licence, which costs $118,725 with a 0% tax rate, will still give operators who do not opt for to take an Ontario licence the chance to serve the remaining 57% of Canada’s online gaming market, with fewer restrictions on marketing and gameplay.
However, Online Casino List’s findings are that increased channelisation away from grey market offerings in Canada is an inevitable consequence of Ontario’s impending regulation. That potentially spells bad news for licences such as that offered by the Kahnawake Gaming Commission, as well as those supplied by regulators in Curaçao and Malta.
Other Canadian provinces, including British-Columbia, are expected to follow Ontario and regulate in the coming years, resulting in further problems for legacy online jurisdictions in Canada.
“This risk/reward analysis means Kahnawake will take a hit when Ontario introduces its licence,” said David Overmars of Online Casino List. “Even though it doesn’t serve Canadian casinos as much as Curacao and Malta do, the rise of local licences in general should worry Kahnawake. It doesn’t have the population to provide its own local licence, and lacks the reputation that Malta has.”
Online Casino List’s extensive research strongly indicates that major operators will not be content to fly under the radar to attract grey market players and will instead opt to take up the Ontario licence.
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ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.
The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.
‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.
‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’
AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’
Stay tuned for registration details early next year.
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