iGaming Ontario (iGO) looks to have taken a page from its counterparts in Europe, which don’t provide revenue by operator, either.
The Canadian province saw about $123 million in revenue during the first three months of operation. That’s not bad.
AGCO said Unibet allegedly broke province’s rules on advertising & inducements. BetMGM, DraftKings, & PointsBet have also been fined for similar violations.
Delay in launching a sportsbook appears to be deliberate & not a sign that something is amiss. A company representative said Bally Bet Sportsbook is expected to launch in Q3.
The Rhode Island-based operator received a license for online casino gaming & sports betting in Ontario on June 30. It has started registering players ahead of its launch in the province.
DraftKings Ontario allegedly ran afoul of the same rule that tripped up BetMGM Ontario and PointsBet Ontario in early May.
JackpotCity, Royal Vegas, Ruby Fortune, & Spin Casino have operated in the province’s grey market for years but are the latest brands that are exiting in favor of Ontario’s regulated space.
Executives said a Q2 launch is the plan but signaled it could happen before the end of the month. Despite a Q1 loss, the company raised its revenue guidance — without factoring in an Ontario launch.
As operators navigate the month-old Ontario online poker, casino gaming, and sports betting market, some violations were expected to occur. But don’t look for regulators to change the rules anytime soon.
AGCO claims BetMGM Ontario and PointsBet Ontario ran afoul of its restrictive rules governing advertising and inducements.