Golden Matrix Group Inc. made a significant move towards expanding its footprint in the Canadian market on Wednesday, revealing that its subsidiary, Expanse Studios, has applied for a B2B gaming license in Ontario. This filing is an important step in the company’s plan to establish a strong presence in one of North America’s most regulated gaming markets.
Expanse Studios, known for its diverse portfolio of over 50 online gaming titles, is now looking to bring its innovative gaming offerings to Ontario. The filing was handled by Segev LLP, a respected Canadian legal and regulatory firm, who will represent Expanse Studios in its dealings with the Alcohol and Gaming Commission of Ontario (AGCO).
Expanding Horizons: Expanse Studios Enters Ontario
Golden Matrix, headquartered in Las Vegas, is no stranger to the global online gaming scene. The company operates both B2B and B2C segments and specializes in developing, licensing, and operating online gaming platforms. With Expanse Studios in tow, Golden Matrix has been working on expanding its portfolio and enhancing its international reach.
“We are thrilled to take this next step in our expansion into Ontario, one of the largest and most regulated gaming markets in the world,” said Damjan Stamenkovic, CEO of Expanse Studios. The application for the gaming license is not just a procedural step; it marks a key milestone in the company’s broader strategy to deliver world-class gaming content to a global audience.
The move to Ontario is seen as a critical opportunity for Expanse Studios, which continues to push the envelope with innovative gaming content, including social casino games, traditional slots, and even new crash games. The company’s commitment to adhering to regulatory standards while offering players engaging and responsible gaming experiences will be essential to its success in Ontario’s highly regulated market.
Regulatory Excellence at the Core of Expanse’s Strategy
The legal and regulatory process in Ontario is a significant one, and Expanse Studios is placing its trust in Segev LLP, a Canadian law firm with deep expertise in the gaming sector. Alon Segev, Managing Partner at Segev LLP, spoke about the importance of this application: “Expanse Studios continues to set itself apart with its innovative approach to gaming and its dedication to regulatory excellence. We are proud to support them in this important step and look forward to seeing their positive impact in the Ontario market.”
Ontario, which has become a hub for regulated online gaming, has recently experienced a shift towards stricter and more transparent regulatory policies aimed at protecting players and ensuring responsible gaming. Expanse Studios, with its strong reputation for regulatory compliance, is positioning itself as a key player in this evolving environment.
This move also signals Golden Matrix’s broader intention to establish a long-term and sustainable presence in Ontario, not only as a licensor but also as an operator of online gaming services. The gaming industry in Ontario has seen a growing interest from international operators, making this a crucial time for Expanse Studios to make its mark.
The Road Ahead: What’s Next for Expanse Studios in Ontario?
Now that the application has been filed, Expanse Studios is in the waiting phase as the Alcohol and Gaming Commission of Ontario reviews the documentation. While the process can take time, it is an essential part of securing the license that will allow the company to operate legally within the province. Should the application be successful, Expanse Studios will be able to offer its full suite of gaming titles to Ontario players, potentially opening the door to partnerships with local operators.
“We’re just getting started,” Stamenkovic emphasized. “This is just the beginning of our journey in Ontario. The potential here is enormous, and we’re excited to see where this next chapter takes us.”
With its innovative approach, regulatory diligence, and ambitious growth plans, Expanse Studios is poised to make a strong impact in Ontario’s rapidly evolving gaming market. As the company waits for the next steps in the licensing process, it remains focused on its broader strategy to offer high-quality gaming experiences that attract players while maintaining the highest standards of regulatory compliance.
