Gaming Realms CFO Mark Segal believes the Ontarian iGaming market still has plenty of potential for growth, despite a slower-than-expected start.
Ontario’s regulated iGaming and sports betting markets launched in April of this year, with revenue figures showing steady performance but leaving some analysts disappointed.
Segal was speaking exclusively to following the supplier’s interim H1 report, in which it reported total revenue growth of 10% to £8.5m ($9.3m); group EBITDA, meanwhile, was up 12% to £3.5m – with a 41% margin.
When asked by how the company has found the Ontario market so far, Segal's verdict was in line with overall analyst consensus right now.