Business
Videoslots Set to Expand Operations with Launch in Ontario
Videoslots and its sibling brand, Mr Vegas, are set to venture into the Canadian market, offering a diverse range of games sourced from various studios.
Videoslots, a prominent gaming operator, has revealed its plans to introduce its online casino platform in Ontario, Canada. Alongside its sister brand, Mr Vegas, Videoslots aims to enter the market by offering a diverse selection of games from renowned studios such as Pragmatic Play, Play’n GO, Evolution, Light & Wonder, Pariplay, NoLimit City, Quickspin, Greentube, Relax Gaming, and Games Global.
As part of their offerings, the operator will provide a welcome bonus and a range of engaging features for customers, including Battle of Slots, Clash of Spins, and The Wheel of Jackpots. This venture marks Videoslots’ seventh international gaming license, complementing their existing licenses in Malta (where their headquarters are located), Sweden, Denmark, Italy, Spain, and the UK.
Ulle Skottling, the deputy CEO at Videoslots, expressed enthusiasm about entering the Ontario market, stating,
“Launching in Ontario is another significant milestone for the Videoslots team, and we are excited to entertain players in this region. We have always experienced great success in Canada, and it is a strategic decision to enter the regulated market now that it is operational and proving to be beneficial for both players and operators alike.”
According to research conducted by Deloitte and released by iGaming Ontario during the Canadian Gaming Summit, the Ontario igaming market contributed a noteworthy C$1.5 billion (US$1.2 billion) in positive economic impact to the province during its inaugural year of operation. The industry also created 12,000 new jobs, resulting in C$900 million in salary payments and providing substantial benefits to the local economy.
The report further highlighted that the gaming sector in Ontario offers well-paying employment opportunities, with an average wage of C$103,000, surpassing the average salary of Ontarian workers by approximately C$30,000.