Soft2Bet granted Ontario certification of registration


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Soft2Bet granted Ontario certification of registration

Soft2Bet, a prominent provider of online betting and gaming solutions worldwide, is thrilled to announce its attainment of a Certificate of Registration in Ontario, Canada’s largest province.

This achievement marks a significant milestone, bringing the company closer to the launch of its Tooniebet.com iGaming brand.

Securing the Certificate of Registration (Nbr: OPIG1280338) from the Alcohol and Gaming Commission of Ontario (AGCO) paves the way for Soft2Bet to expand further into the world’s largest regulated jurisdictions.

Ontario has emerged as a notable success story in the realm of regulated online sports betting and casino activities in North America over the past two years. Since the province introduced its regulations in April 2022, the latest data for the fourth quarter of 2023 indicates a remarkable 21% surge in wagers to CA$17.2 billion and a 22% increase in gross gaming revenues to CA$658 million, marking the highest revenue total in Ontario’s wagering history. Notably, online casino activities have been the primary driver behind this growth, contributing CA$13.7 billion in total stakes and generating CA$471 million in gross gaming revenues.

Elisabeth Isaksson, Head of Regulatory Compliance at Soft2Bet, commented:

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.

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.

Soft2Bet is also actively working to obtain a licence in New Jersey and continue its expansion in the Americas. This activity comes after the group obtained B2C licences in Italy, Greece and Romania in 2023.

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