Reputable gaming operator Playtech and gambling company FanDuel have joined forces in an agreement to a strategic partnership that will push branded live casino content in Canada.
The news pertaining to the signing of this landmark deal came very recently, marking the upcoming expansion of Playtech across the Canadian iGaming market.
On October 25th, 2023, Playtech announced its collaboration with “the premier online gaming company in North America, FanDuel, launching branded Live Casino content on their Canadian platform.”
Playtech went on to say the following:
“The deal is a key milestone for both companies, as Fan Duel solidifies its position as a premium provider of online casino experiences and builds its Live Casino offering in Canada and Playtech continues its expansion across North America.”
This expansion follows that of the live casino studios that Playtech has recently built, including those constructed for Adventures Beyond Wonderland and Big Bad World.
Part of this deal includes an agreement on behalf of Playtech to build a Live Casino studio that will serve FanDuel Canada, thus providing exceptionally high-quality casino games for players of FanDuel in Ontario, Canada.
Amongst these, gamers can expect a selection of Live Dealer Games that will include table games such as Roulette, All Bets Blackjack, Baccarat, and 7-Seater Blackjack.
In addition to this, this landmark deal also includes the forthcoming expansion of this Live Casino studio to other provinces in Canada.
In this way, this partnership appears to be very promising, allowing ample room, as well as flexibility, for future expansion.
Comments made on behalf of Playtech and FanDuel
George Voyatzis, the VP Commercial for Playtech, made the following statement:
“It’s brilliant to see Playtech Live continue its growth in North America. Our partnership with FanDuel marks a really exciting moment for Playtech, and we look forward to delivering our Live Casino games for FanDuel and its users across Ontario. As we build more studios globally and release new content, this announcement is yet another example of Live taking over the gambling industry on a global scale.”
Additionally, Dale Hopper, the General Manager for FanDuel Canada, stated the following:
“We are proud to be announcing this deal with Playtech, which will bring our users across Canada the highest quality Live Casino experience. The addition of the innovative FanDuel Live Casino studio has been specifically localized to cater for the Canadian market and FanDuel. This unique proposition cements FanDuel’s premium position for online casino in the North American market. The agreement marks the beginning of what is sure to be a successful and exciting partnership with one of the world’s largest game providers.”
The Overall Impact of this Partnership
The announcement of this partnership, and its eventual fruition, brings with it a potentially deep impact on the iGaming industry.
With this agreement, both Playtech and FanDuel are demonstrating their appetite for expanding their global imprint, as well as for broadening the selection currently available for high-quality live casino gameplays across the global iGaming industry.
Additionally, this landmark deal has the effect of solidifying the positions of both Playtech and FanDuel as premier online gaming companies aiming to deliver excellent online casino experiences to their gamers.
Surge in iGaming revenue in Ontario
The Market Performance Report for the second quarter of the 2023-2024 fiscal year has been released by iGaming Ontario (iGO), a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO).
Here, it was reported that 14.2 billion Canadian Dollars were wagered in the period of time between July 1st and September 30th, 2023.
The report also stated that a total revenue of $540 million Canadian Dollars was accrued.
This results in an increase of 105% over Q2 last year, but a decline of 8.3% from Q1 of the same year.
In addition to this, the number of active player accounts in the Ontario gaming market increased from 920,000 in Q1 of last year, to 943,000.
There was a slight decrease in the average monthly spending per player account, with Q1 of last year resulting in $197 CAD, and dropping to $191 CAD this year.
Additionally, the market performance report indicated that there was a slight increase in the number of licensed gaming operators, from 46 to 47.
With regards to the number of gaming websites available in Ontario, on the other hand, these remained the same, resulting in a total of 71.
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