Ontario's government has signaled an open mind about legalizing online gambling as part of its 2020 budget.

Ontario's online bets are currently monopolized by the state, but could change that with legislation early next year, opening the door to this huge market for companies like Bragg Gaming Group, DraftKings, Scientific Games, MGM Resorts International and GVC Holdings.  온라인카지노

Ontario, which legalizes online betting, could also spur other Canadian states to follow suit, offering companies like Bragg Gaming Group an even greater opportunity to gain a first-rate advantage in the country's largest market. This will make it easier to expand into new Canadian markets as the Canadian market opens up. Canada's federal government has already proposed a nationwide legalization of single-sport sports betting, adding to Canada's chances.

Bragg Gaming Group Sees Opportunity In Ontario

Bragg Gaming Group is a provider of turnkey digital solutions for online casino operators. The company's flagship is the ORYX gaming platform, an omnichannel retail, online and mobile iGaming platform. The company also offers advanced casino content through partnerships with dozens of professional game developers and publishers, as well as sportsbooks, lottery, marketing and operating services. Essentially, Bragg gives licensed operators everything they need to install and operate online casinos and sportsbooks.

As part of the company's strategy, Bragg Gaming Group is prioritizing sportsbook's legitimate jurisdiction, which puts the Ontario gaming market squarely in the company's sights as Bragg offers technology to i-gaming operators. If Ontario opens up to the wider world of online betting, the province will see an influx of online casino operators who need Bragg's technology.

On November 27, Bragg celebrated the Canadian federal government's move to legalize single-event betting as a key step forward in the country's online betting industry. These moves by the federal and state governments are a sign of the changing legislative landscape and increasing domestic opportunities.

We very much support the move to legalize single-event betting," Rob Godfrey, a member of the Bragg Gaming Commission, said in the company's announcement. "Jurisdictions around the world are modernizing game regulations to reflect today's global gaming market, and Canadians and national operators must have the same ability to place bets as their international peers. The reality is that many Canadians are already making single event bets today, but through illegal black market routes that make them vulnerable. The proposed legislation would shift much of these activities to a safer and more regulated environment that better protects the interests of Canadians while ensuring a level playing field for Canadian operators."

Major Game Companies Looking To Ontario

Scientific Games, a major provider of digital betting services and physical gambling machines, is already well related to the Canadian gambling market. The company has been providing instant games to Ontario lottery and gaming companies since 2010 and recently extended their contracts through 2022. In November, the company sold 600 gaming handsets to the Western Canada Lottery Company. Scientific Games is expected to serve third-party casino operators in the region as it enters the newly opened Ontario gaming market.

MGM Resorts International has stepped into the online gaming market with the introduction of BetMGM, a joint venture with GVC Holdings, which seeks to become a North American leader in sports betting and iGaming. In a recent interview, BetMGM CEO Adam Greenblatt said the company is "paying close attention to Canada as OnTriol is in the process of legalizing sports betting."

Industry-leading sports betting site DraftKings Inc is also expected to show significant interest in the Ontario market. The company is fast entering the market as the new online gaming market opens up, and analysts have noted that Ontario could be the company's next big opportunity if the state actually ends its monopoly on online casinos.

Ontario represents a huge opportunity for companies like Bragg Gaming Group, and that opportunity will only grow as Canada's biggest state looks to push for online gaming legalization.