With a certificate of registration from the Alcohol and Gaming Commission of Ontario (AGCO), Soft2Bet is able to enter the Ontario market in Canada with online gambling and sports betting solutions.
This accreditation paves the way for the launch of their iGaming brand Tooniebet.com in Ontario under a certificate of registration from the AGCO.
Soft2Bet, prior to the launch of Tooniebet.com, highlighted Ontario’s market potential, highlighted by a 21% increase in betting volume to CA$17.2 billion and a 22% increase in gross gaming revenue to CA$658 million in the fourth quarter of 2023.
Elisabeth Isaksson, Soft2Bet Head of Regulatory Compliance, commented: “Being registered with the AGCO in Ontario is testament to the work our compliance and regulatory teams are doing daily to enable our continued expansion in the world’s largest regulated markets. We’re immensely excited about taking our first steps in North America and look forward to licensing and launching in more jurisdictions in the region.”
Soft2Bet is also committed to further expanding its presence in North America by actively working to obtain a license in the state of New Jersey.
Martin Collins, Soft2Bet Chief Business Development Officer, expressed: “This Ontario certification is another significant and important step in our corporate expansion plans. It fits perfectly with our stated aim of growing our regulatory footprint and we very much look forward to continuing forward on this path.”
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