Gaming Realms has disclosed that its Alchemybet subsidiary has become the latest firm to become awarded with an igaming supplier licence for Ontario.
This comes as the Canadian province prepares to debut its regulated online gaming market on a revised opening date of April 4, 2022, as disclosed in January, after originally expecting to be operational in December, 2021.
The developer and licensor of mobile focused content says that its imminent entry marks a “significant milestone” for the group, as well as a “long term growth opportunity” as it focuses upon providing its Slingo Originals content to licensed online casino operators within the region.
As a result of the regulatory green-light, the company will subsequently launch its full games portfolio in Ontario and is preparing for debut as the market opens.
With a population of 15 million, Gaming Realms adds that Ontario is larger than any state within the US that is currently licensed for igaming, and that it’s “reasonable to expect that revenues will be higher than New Jersey, Michigan or Pennsylvania,” where the company is currently supplying its Slingo Originals content.
Michael Buckley, Executive Chairman of Gaming Realms, said of the green-light: “Ontario should be a bigger market for Gaming Realms than any of the US States that have regulated so far, so we are very excited to have been awarded our supplier license in this territory.
“Our approval marks an important step in the group’s growth trajectory as we focus on expanding and strengthening our global presence and bringing our hugely popular and innovative Slingo content to new audiences.”
With regards to current trading, while early in the year, 2022 is said to have started well, with revenue in excess of management’s expectations and providing confidence in the group’s future outlook.