European company BetConstruct has announced it is the first iGaming company authorized to issue both B2B and B2C gaming licenses in Canada.

Through a direct license authorization from the Tobique First Nation in New Brunswick, BetConstruct’s affiliate entity YoLicense has been granted the right to oversee applications and issue licenses within from its jurisdiction.

BetConstruct says the partnership “underscores shared values of innovation, transparency, and a commitment to responsible gaming practices.”

“This historic development places BetConstruct at the forefront of the Canadian iGaming market, redefining the opportunities available to gaming operators,” said the company in a release. “By leveraging its affiliate entity’s licensing capabilities, BetConstruct empowers businesses to navigate a streamlined and transparent regulatory environment, unlocking new opportunities for growth and innovation.

“At BetConstruct, we’ve always strived to push the boundaries of what’s possible in iGaming,” said co-founder Vigen Badalyan. “This landmark achievement with the Tobique First Nation reflects our unwavering dedication to creating opportunities for our partners while upholding the highest standards of responsibility and integrity in gaming.”

The company added that the ability to issue dual licenses highlights its commitment to supporting its partners and reinforces the company’s role as a trusted leader in the global iGaming landscape.

The Tobique Gaming Commission’s website lists its mission as providing a regulatory body which advocates responsible and transparent gaming practices, whilst simultaneously enriching the economic development for the Tobique First Nation. It currently has dozens of direct license-holders.