SBC News Voice of the Sports Betting Industry
Soft2Bet has obtained a Certificate of Registration from the Alcohol and Gaming Commission of Ontario (AGCO), allowing the online gambling and sports betting solutions provider to enter Canada’s Ontario market.
The accreditation paves the way for Soft2Bet to launch its iGaming brand, Tooniebet.com, in Ontario under the Certificate of Registration of (Nbr: OPIG1280338) from the Alcohol and Gaming
Commission of Ontario (AGCO)
Ahead of Tooniebet.com‘s launch, Soft2Bet highlighted Ontario’s market potential, as evidenced by a 21% increase in wagers to CA$17.2 billion and a 22% growth in gross gaming revenue to CA$658 million in the fourth quarter of 2023.
Soft2Bet Head of Regulatory Compliance Elisabeth Isaksson said: “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 also has plans to further expand its reach throughout North America, currently actively working on obtaining a licence in the state of New Jersey.
Soft2Bet Chief Business Development Officer Martin Collins added: “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.”
