Inspired Entertainment Receives Ontario Gaming License
Inspired Entertainment ((NASDAQ: INSE)) has become another operator to be given a gaming license for the Ontario province in Canada. Inspired joins a growing list of gaming companies to enter the Canadian market on April 4 this year, the starting date of a regulated igaming market for the province. Software developers such as Play’n GO have also been quick to grab supplier licenses ahead of the expected launch.
Igaming Ontario, a division of the Alcohol and Gaming Commission of Ontario, is responsible for the opening and regulation of the online gaming market in this region of Canada. The regulator ensures that the successful gaming operators have met all the standards, including responsible gambling.
Ontario’s igaming market officially opens to licensed operators on April 4, 2022, and we couldn’t be more excited to be a part of the newly regulated igaming market. With a population of nearly 15 million people, Ontario’s demographics compare favorably to states like New Jersey or Michigan where we already operate. We expect Ontario to present a significant market opportunity for us, and we look forward to players in Ontario enjoying our games.
Claire Osborne has been the Vice President of Interactive at Inspired since 2018. She has over 15 years of experience in the online gaming market, has previously held Director positions at Rank Interactive and Mecca
A recent statement from Inspired showed growth of revenue in the 4th quarter of 2021. The revenue of $67m will have represented a 71% growth for the same quarter in 2020 if an extraordinary VAT-related revenue is excluded from the results. Inspired Entertainment already has links in Canada supplying Loto-Québec with its interactive casino content and partnering to use Inspired’s iLottery games.