ELK Studios launches in Ontario market

Company calls entry "a huge milestone"

Online slot provider ELK Studios has officially taken its games live in the regulated Ontario online casino market.

The Sweden-based company announced on Monday that it has launched a slate of seven titles in the province, including Katmandu Gold, Nitropolis and Cygnus.

The company said that launching in the lucrative Ontario market marks “a huge milestone in our mission to be live in every regulated corner of the world.”

“We’re taking a forward-leaning approach to our rollout, so this is just the beginning,” added Elk Studios.

“We’re incredibly excited to finally bring ELK Studios to Ontario,” added CEO Robin Smith. “This is a significant step in our global journey, and we’re entering with momentum. We plan to steadily and strategically roll out our portfolio, offering Ontario players the premium experience Elk is known for.”

ELK Studios was acquired by the company then known as Scientific Games back in late 2021. Under the now-Light & Wonder umbrella, it has continued to develop new content independently, supported by L&W’s scale, reach, and tools. At that time, ELK indicated ambitions to grow strongly in North America.

It also has licenses to serve gaming operators in the UK and Malta.

ELK is the latest in a recent flurry of gaming studios to enter Ontario, with the likes of Malta-based Swintt also recently going live in the province.

Others have been approved to follow. Since the start of 2025, RubyPlayFinnish Lottery subsidiary Fennica Gaming and Evoplay are among the European suppliers to receive their license from the Alcohol and Gaming Commission of Ontario (AGCO).

Ontario’s online casino market is one of the most lucrative in North America. As of iGaming Ontario’s (iGO) most recent reporting, for February 2025, the commercial online casino sector accounts for 85% of handle and 76% of revenue across all online gaming and betting. The vertical reported $6.1 billion in cash wagers in February, up 30.5% year-over-year. Gross iGaming revenue for the month was $213.8 million, up a similar proportion.

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