Canadian Gaming Commission grants license to Booming Games

Jenny Ortiz February 14, 2024

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Canadian Gaming Commission grants license to Booming Games

The Alcohol and Gaming Commission (AGCO) of Ontario, Canada, granted iGaming slot provider, Booming Games, a complete B2B gaming license on Monday, paving the way for the company’s entry into North American markets.

In a press release, Booming Games said the license authorized the company to distribute its content to licensed gambling operators in Ontario.?

The firm said this opens the doors for Canadian players to enjoy popular games such as TNT Bonanza, Cash Pig, Buffalo Hold and Win, and The Wild Wings of Phoenix.

Frederik Niehusen, Chief Commercial Officer at Booming Games, said the company’s swift market action has granted it a competitive advantage, making it among the first iGaming providers to secure a license in the country.

“We are thrilled to have obtained a full Ontario B2B gaming license, allowing us to expand in the fast-growing Canadian market,” Niehusen said in a statement.

“Ontario is the next milestone of our strategy to expand in regulated markets after successfully entering Spain, Colombia, The Netherlands, and Denmark in 2023,” Niehusen added.

iGaming expected to grow in North America this year

According to the latest Statista data, the online gambling market in North America is expected to reach a revenue of US$29.94 billion in 2024.

The figure represents a significant growth rate of 9.02% annually, resulting in a projected market volume of US$42.30 billion by 2028.

Meanwhile, the online sports betting market in the region is also projected to grow this year, with a market volume projection of US$11.87 billion this year.

The global data and business intelligence platform also anticipated that the number of users in the online gambling market will reach 110.7 million by 2028.

It added that North America’s online gambling market is experiencing a surge in popularity, with a growing number of states legalizing and regulating the industry.

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The fourth edition of?SiGMA Eurasia?will once again be held at the InterContinental Dubai Festival City. Held between the 25 and 27 February 2024, the summit provides invaluable opportunities for attendees to network with industry professionals, gain exposure to the latest tech and innovations in the sector, meet key decision makers, and gain insight into new markets.?