Get exclusive CAP network offers from top brands

View CAP Offers

LeoVegas Inches Towards Ontario iGaming Approval

When the regulated Ontario igaming market opens for business on April 4, it’s expected to be one of the more robust igaming markets in North America. So it’s not surprising that gaming operators are tripping over each other in an effort to get a seat at this table where large servings of profits are sure to be dished out.

Earlier this week, LeoVegas took a major step towards joining that smorgasbord when the Alcohol and Gaming Commission of Ontario (AGCO) approved the company to become an igaming licensee. To be clear, this does not mean that LeoVegas has been approved for a license, only that it has been registered with the AGCO as a gaming operator, and that license approval is a near certainty.

The next step for LeoVegas will be working with AGCO subsidiary iGaming Ontario to develop an operating agreement that will define the parameters of the company’s participation in the igaming, but not sports betting, markets.

LeoVegas shouldn’t have too tough a time convincing Canadians to sign up as LeoVegas chief executive Gustaf Hagman described in a recent article in iGB North America saying, “Over recent years, the LeoVegas brand has become the third most well-known casino brand in the Canadian market and Royal Panda has shown strong growth – a clear sign that the mobile gaming experience we offer is appreciated by North American customers.”

“Our full focus now is to complete the process and we look forward to launch in a regulated environment. Given our track record and knowledge to operate in regulated markets we continue to have high expectations and ambitions for continued growth in the Ontario market,” he added.

Barring any unforseen circumstances, the Ontario igaming market should be ready to launch on April 4.