Playgon Games, a digital content provider to the iGaming industry, has received a gaming license in the Canadian Province of Ontario. According to the Vancuver-based provider, the license has been approved by the Alcohol and Gaming Commission of Ontario (AGCO), the state authority competent for the legislation related to the gaming industry in the jurisdiction.
Mobile Gaming License Approved:
The license will reportedly allow Playgon to focus on delivering mobile live dealer technology to the iGaming and sports betting operators legalized in Ontario from its up-to-date broadcasting studio in Las Vegas Nevada. According to the company, the regulator’s approval of the gaming license will enable the Vancuver-based company to partner with iGaming operators and channel its comprehensive mobile live dealer technology brand VegasLounge™ to the fast-growing Ontario market.
Scope of Supply:
The license approval for Playgon Games will thus expand the scope of technology supplies available to the players in the Canadian province. Playgon is reportedly committed to development of digital content and provides the iGaming software solutions facilitating operators to diversify their offerings. The company’s portfolio including Live Dealer Casino, E-Table games and Daily Fantasy Sports represents an iGaming package capable of reaching a wide customer community.
Such reach will reportedly be targeted through B2B partnerships with the Ontario market participants. The provider boasts that its products represent an ideal turn-key solutions for online casino operators and sports books, as well as for land-based casinos, media, and data companies.
Going Live Soon:
The developer is reportedly now waiting for the launch in the province featuring a fast-growing online gaming market. According to iGaming Ontario, a total market handle in the first year of legalized gaming operations in the Canadian province amounted to around CAD $35.6 billion (US$26.3 billion) and generated the gross gaming revenue of about $1.4 billion in the FY 2022. These figures reportedly mark an impressive debut of online gaming market launched in Ontario in April 2022 and may be the reason for the latest move of the Vancuver-based developer.
Commenting on the recent license approval, Darcy Krogh, President and CEO of Playgon Games reportedly said: “Receiving our supplier licence for Ontario is another major milestone for our company and we are extremely excited for the opportunity in this market. Not only is it our first entrance into North America for our mobile first live dealer technology, we have significant interest for our product in this market that we will announce in due course.”
Krogh added: ‘‘Ontario has quickly become among the top 5 iGaming jurisdictions in North America and live dealer tables accounted
for 32% of the revenue generated within the online casino vertical which makes it a very attractive market for us to pursue.”
The legal status of online casinos in India is complex and varies by state. While there is no federal law that explicitly addresses online gambling, the legality depends on state regulations and the type of gambling involved.
Key Points:
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No National Law: India does not have a specific national law regulating online casinos. However, the Public Gambling Act of 1867 prohibits operating physical casinos and gambling houses, but it doesn't cover online platforms, leaving a legal grey area for online gambling.
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State-Specific Laws: Some Indian states, like Goa, Sikkim, and Daman, have legalized land-based casinos, and others, such as Sikkim, have also licensed online gambling. Many states have banned gambling altogether, including online gambling.
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Online Sports Betting: Betting on sports, particularly cricket, is very popular in India. However, it's only explicitly legal in some states like Sikkim and Nagaland, which have laws permitting online gaming and betting.
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Legal Gray Area: Many international online casinos accept Indian players and operate legally under licenses from offshore jurisdictions (like Curacao or the UK Gambling Commission). As long as players are gambling on licensed platforms, the risk is minimal, but local authorities may still choose to regulate or restrict online gambling.
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Cryptocurrency: Some Indian players prefer using cryptocurrencies (like Bitcoin) for online gambling, as it provides a layer of anonymity and security.
While online casinos aren't explicitly legal across all of India, many international casinos accept Indian players, and online gambling continues to grow in popularity. Players should ensure they use licensed platforms and understand local laws before engaging in online gaming.
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