GiG Acquires Permission to Commence Operations in Ontario

GiG Acquires Permission to Commence Operations in Ontario

Gaming Innovation Group or GiG has announced that it has achieved a major regulation milestone by obtaining a license to operate in Ontario online casino and sports betting market. The firm acquired a license to provide B2B sportsbook and player account management (PAM) services in the Canadian province.

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GiG Makes Its Debut in Ontario Gaming Market

The firm has received approval from the Alcohol and Gaming Commission of Ontario and is the most recent entrant into the country’s highly competitive private gaming sector. As a reminder, Ontario debuted its iGaming and private sports betting businesses on April 4, and since then, scores of new companies have entered the market.

GiG has finally joined the rest of the market’s firms, marking its development into the 22nd jurisdiction globally. GiG will also grow into further markets as it seeks regulatory permits in other regions. Claudio Caruana, general counsel of GiG, commented on the launch and commended the regulator for deeming the firm worthy of entering the market.

Caruana said that GiG is dedicated to helping regulated gaming organizations in any market in which it operates, and that Ontario-based businesses are now free to seek out. GiG also said that it has high hopes for the business, citing a report by H2 Gambling Data that predicts the market would produce more than $2.1 billion in gross gaming revenue over the next three years.

More Authorities Represented by GiG

This should put the firm in a great position to provide its platforms and iGaming solutions locally, securing a part of this expanding and rapidly-evolving sector. GiG is quickly growing around the world, with entrances in Colombia, Portugal, and Spain, due to the division Sportnco’s various collaborations.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.