Playgon Games Granted iGaming Licence in Ontario
There’s no denying the remarkable success of the regulated iGaming market in Ontario. Since its launch on April 4, 2022, the province has seen billions of dollars in wagers each quarter from players across the region. This booming industry has attracted a variety of players, both big and small, all vying for a slice of the lucrative pie.
Playgon Games Inc. is set to be the latest addition to this thriving market. The company has entered into a multi-jurisdictional software licence and distribution agreement with iGaming Ontario, the province’s regulatory body. According to the terms of the agreement, Playgon will collaborate with Pariplay Limited to offer a mobile-first live dealer option and e-table games under the VegasLounge brand.
This strategic partnership is not just a win for the two companies but also for the Ontario gaming community. The contract will last for the next two years, with licensc fees primarily based on commercial revenue-sharing rates. Both parties are close to completing integration work and will soon move on to client testing and onboarding, marking a significant step forward in the industry.
Both companies have already commented on this new partnership. “Pariplay’s Fusion platform enables us to reach new customers and new jurisdictions globally, so it’s a meaningful deal for us with a provider that has in place a series of partnerships with major operators in high-profile markets,” said Darcy Krogh, President and CEO at Playgon.
“Receiving our supplier licence for Ontario is another major milestone for our company and we are extremely excited for the opportunity in this market,” continued Krogh. “Ontario has quickly become among the top 5 iGaming jurisdictions in North America, and live dealer tables accounted for 32% of the revenue generated within the online casino vertical which makes it a very attractive market for us to pursue.”
“Playgon has successfully developed a unique live dealer product with well-designed gameplay features that use cutting-edge technology to deliver a unique playing experience that particularly appeals to a different demographic,” said Callum Harris, Director of Partnerships at Pariplay.
This partnership is particularly significant given the rapid growth of the iGaming industry in Ontario. It represents a strategic move for both companies to capitalize on a market that is already showing signs of immense potential. The collaboration will likely set a precedent for future partnerships in the industry, as companies look to combine strengths to offer a more comprehensive gaming experience to users.
Playgon Games is a SaaS (Software as a Service) technology company primarily focused on developing and licensing digital content for the growing iGaming market. Their platform includes e-table games, a live dealer casino, and even daily fantasy sports, all offered through seamless integration at the operator level.
Pariplay, on the other hand, is a tier-one content provider and aggregator with more than 150 operator accounts. Founded in 2010 and now part of NeoGames S.A., Pariplay has a global presence with offices in multiple countries. Their extensive experience and reach make them a valuable partner for any company looking to expand in the iGaming sector.
Ontario iGaming Wagers
Ontario’s iGaming market has been a massive success since its inception in April 2022. Over $35 billion CAD has been wagered this year alone, generating more than $1.4 billion CAD in gaming revenue and placing Ontario among the top five iGaming jurisdictions in North America. These numbers are expected to rise, making this an opportune time for both Playgon and Pariplay, as well as the province of Ontario.
The Future Outlook
As the iGaming industry continues to grow, both companies are well-positioned to capitalize on this upward trend. The partnership will likely serve as a catalyst for further innovation and growth in the Ontario iGaming market, benefiting not just the companies involved but also the consumers who enjoy these platforms.
With the regulatory landscape becoming increasingly favorable and the market showing no signs of slowing down, the future looks bright for Playgon, Pariplay, and the Ontario iGaming industry as a whole.