Coolbet joins IBIA following Canadian licence approval

By | May 25, 2022

Coolbet has joined the International Betting Integrity Association (IBIA) following its approval to offer online gambling services in Canada.

Part of the Vincent Group acquired in 2021 by GAN – a North American B2B and B2C internet gambling company – the operator also holds operating licences in Malta, Sweden and Estonia.

Endre Nesset, Senior Vice President of Global Sports at GAN Limited said: “We are very pleased to be part of the IBIA. 

“There is strength in numbers and power in unity, and together with the rest of IBIA’s members we are in great position to help maintain integrity and stop foul play in our industry.”

The firm joins various other international regulated sports betting operators, with IBIA members accounting for over €115bn in global betting turnover per annum and nearly 50% of all regulated commercial online betting.

Coolbet’s offering in the Canadian province was approved by the Alcohol and Gaming Commission of Ontario (AGCO) this year.

Last year, the company reportedly ‘outperformed expectations’ according to GAN Plc’s Q1 2021 financial update, by delivering $14.3 million in revenue.

GAN closed its acquisition of Coolbet in January 2021, integrating the firm’s sports betting technology and operations, with the long-term goal of leveraging the operator’s capabilities and experience to enhance its position in the US market.

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