iGaming tech company, Gaming Innovation Group (GiG), was recently awarded a supplier licence in Ontario. The company was cleared by the Alcohol and Gaming Commission of Ontario to become the latest brand to enter the extremely competitive gaming market in the province. GiG will now be able to offer its B2B sportsbook and player account management (PAM) platforms to any licensed operators who are in the Canadian province.
The licence will further expand GiG’s footprint in the region as a top software supplier, as they currently support 22 regulated markets, with another four pending. Earlier in July, GiG was also able to pen an agreement with Portuguese operator Moosh, which moved the brand from Caravel Entertainment’s platform technology to its own. The company has named its end goal as becoming the first choice for technical supply of B2B and PAM software in Canada.
Ontario launched its regulated iGaming market a few months back on 4 April. Since then, many operators have joined the mix and a bunch of tech companies have been able to secure supplier status. Even with the late entry, GiG remains undeterred, with many top officials believing they still have a significant portion of the market to aim at.
GiG will be expecting big things from the Ontario market in the coming years, as many experts believe that the online gambling industry will do over $2 billion over the next 3 years. There are currently around 30 active operators in the province which is expected to double in the next few months and the market begins to roll out fully. Whether the market can expand into lofty numbers is yet to be seen, but regardless, GiG finds themselves in a great position to be one of the biggest suppliers in Ontario for a long time.
About GiG
Gaming Innovation Group Inc. (GIG) is an iGaming company which offers cloud-based products, platform services and performance marketing to a number of B2B partners across the globe. The company is listed on the Oslo Stock Exchange as well as on Nasdaq Stockholm and can be traded publicly. GiG has been expanding rapidly over the past few years, with entries in Colombia, Portugal, and Spain, mainly thanks to a number of key partnerships secured through their Sportnco division.
GiG provides full-service iGaming software solutions, including media and marketing for online gambling operators. They have been progressively expanding their role into almost all parts of the supplier value chain in iGaming. This includes marketing, software platform services via GiG Core and sportsbook software through GiG Sports and the recent acquisition of Sportnco. The company has a history of operating consumer brands which include Rizk.com and Guts.com.
