Ontario’s newly regulated online gaming market has been growing at a steady pace.
A recent new addition to the market is gaming geolocation leader Xpoint Verify. They recently confirmed that they were making an entrance into the booming space via a partnership with SkillOnNet.
SkillOnNet is a well-known online gaming name. The company is parent to some of the world’s leading entertainment brands, including SpinGenie, PlayOJO, and SlotsMagic. All of which have gone live in Ontario.
About Xpoint Verify
Xpoint Verify is a new entrant to the online gaming network. After its industry introduction at the 2021 Global Gaming Expo in Las Vegas, Xpoint integrated its geolocation product into SkillOnNet’s wider operator network.
The product will assist operators in detecting illegal bettors that are not residents of Ontario.
According to Xpoint CEO and founder Marvin Sanderson, the agreement with SkillOnNet is an important milestone. He thanked Xpoint for their efforts and hard work in making the achievement happen.
Xpoint Verify’s geolocation technology is classed as innovative, and it helps operators adhere to local regulatory requirements. Furthermore, it helps create a safe space for players.
New but Established
Despite being a relative newcomer to the global iGaming scene, Xpoint Verify was one of the official sponsors for the 2022 Canadian Gaming Summit.
The summit took place at the Metro Toronto Convention Center between June 7 and June 9. The annual expo has become a valuable opportunity for industry stakeholders to discuss the current trends and trajectories of the online gaming sector.
A Mutually Beneficial Deal
According to SkillOnNet Vice President of Corporate Development, Maor Nutkevitch, the operator is thrilled to work with the geolocation expert. He revealed they found Xpoint Verify’s product helpful for players wanting to engage in safe, secure online gaming.
Xpoint Verify offers a real-money geolocation service to regulated online casino operators. Plus, it has a similar non-monetary service for providers of fantasy sports betting.
SkillOnNet also recently inked a new partnership alongside Bragg Gaming Group, headquartered in Toronto. The group is a market-leading supplier of iGaming technology and gaming content.
According to projections, Ontario’s iGaming market is expected to reach a revenue of CA$1 billion over the next few years.
The private operator market officially opened for business on April 4, 2022.
Ontario is officially the first Canadian province to go live with regulated online gaming involving private casino operators.
