Canada
VIP Entertainment Technologies Inc. Announces Receipt of New Licensing for its Operation in Canada
VIP Entertainment Technologies Inc. announced that it has been granted a Kahnawake Gaming Commission (KGC) Remote Gaming License for operations in Canada.
With the receipt of the KGC license, VIP is once again able to offer its iGaming services in Canada, excluding Ontario. The Kahnawake Gaming Commission license gives VIP the ability to market and acquire new users in Canada offering its complete suite of services, including sports betting, casino, poker, and esports wagering. Canada has long been a key territory for the Company, and the receipt of the license gives VIP immediate access return to earning player-based revenues under a regulated process in its home country.
VIP has focused on increasing its core business in the iGaming industry, moving itself into a premier entertainment gaming company in a rapidly evolving, and growing industry, and Canadian based operations are considered a priority for this growth. The completion of a Canadian based gaming license is highly anticipated as VIP will immediately increase its user database with a substantial number of users in the company’s key demographic, key jurisdiction and expects to realize significant growth to its player related revenues.
VIP has recently acquired a UK gaming license as well, and with the KGC license the Company is able to begin marketing to players in both jurisdictions.
