Delasport powers Titanplay’s launch in Ontario market
Province now has 80 licensed gambling sites operational
Ontario has officially hit 80 licensed online gambling sites as the Titanplay brand launched in the market last week.
iGaming Ontario (iGO) confirmed on social media that the online casino and sportsbook, operated by Malta-based Shark77 Ltd. under the Titanplay name, is now live in the jurisdiction. It received its license from the Alcohol and Gaming Commission of Ontario (AGCO) back in March.
iGO’s site now shows 50 operators and 80 websites approved for play in the province, including 30 sportsbooks.
Titanplay offers both sports betting and online casino, with over 100 casino games including Sweet Bonanza, Sugar Rush, 777 Strike and more. The operator’s platform will be powered by Delasport’s turnkey iGaming solution.
Delasport already has a footprint in the province after securing a licence from the AGCO earlier this year and integrating its Plug & Play Sportsbook iFrame solution with Canadian platform provider Green Brick Labs (GBL) earlier this month.
“Our stride in Ontario is going full force and we’re proud to be able to announce such exciting deals like the partnership with Titanplay,” said Delasport CEO Oren Cohen Shwartz. “Operators in the market chose Delasport’s solutions because it allows them to differentiate and take a market share right away.
“We’re confident in both our software offering and our managed services, so we can guarantee that Titanplay’s players will appreciate and enjoy the second-to-none betting experience.”
Delasport also has partnerships with operators like Ocean88.
Deloitte shines light on Ontario market impact
As Ontario’s commercial online gaming market keeps expanding, Deloitte released a report last week showing that gaming regulation has generated more than $4 billion in economic value for the province in two years and is “outpacing initial expectations.”
Year two of the market yielded $2.7 billion in gross domestic product (GDP), 70% more than the $1.6 billion reported in year one. After just two years, the province’s online gaming industry is already closing in on the year-10 GDP projection of $4.7 billion published in last year’s Deloitte report. Across two years, the market has raised $2 billion in revenue for the government and sustained more than 15,000 jobs.
The Ontario iGaming market has hit or nearly reached many of Deloitte’s year-five projections in just its second year, with government revenues (94% of the five-year projection in two years), direct jobs sustained (120%), total full-time jobs sustained (92%) and GDP contributions (93%).
The report came two months after iGO reported that Ontario online gambling sites generated $2.4 billion in revenue from $63 billion in wagers in the market’s second year, year-over-year jumps of 71.4% and 78%, respectively.