According to a press release, the Alcohol and Gaming Commission of Ontario has notified the LeoVegas Group that it has been registered as an internet gaming operator. A crucial phase in the province’s licensing process, where the ultimate step is signing an operating agreement with iGaming Ontario, which is the next and final step in the process. Once the organization has completed the relevant onboarding procedures with iGO, this will be a possibility. The LeoVegas and Royal Panda brands will be used to market the online casino, live casino, and betting products offered by the Group.

The LeoVegas Group in Ontario

Ontario is the most populous province in Canada, with a population of around 14 million people (or 39 percent of the country’s total population). Following a successful and transparent re-regulation process in recent years, the LeoVegas Group has built strong brands with a devoted client base in both Ontario and the rest of Canada. Canadian revenues accounted for 13 percent of total Group revenues in January 2022, with Ontario accounting for around 35 percent of total Canadian revenues in that month.

LeoVegas Corporate Notes 

A press release from Gustaf Hagman, CEO of LeoVegas Group, stated that in recent years, the LeoVegas brand has risen to become the third most well-known casino brand in the Canadian market, and Royal Panda has experienced significant growth. This is a clear indication that our North American customers are valuing the mobile gaming experience the company provides, said Hagman. They are putting all of their efforts into finishing the procedure, and they are looking forward to launching in a controlled environment. We have high expectations and objectives for their continued expansion in the Ontario market, based on their track record and expertise in how to operate in regulated markets.

LeoVegas Expansion Project 

Following the LeoVegas Group’s objective of expanding in locally regulated markets and soon-to-be regulated areas, the company has opened offices in Ontario and North America. As part of its expansion plans, LeoVegas Group has announced that it will begin operations in the United States later this year, starting with the state of New Jersey. In the fourth quarter of 2022, revenues from locally regulated and taxed marketplaces accounted for 74 percent of overall revenues for the Group.