GeoComply, a leading provider of geolocation and anti-fraud solutions, is celebrating a major milestone with the inauguration of its new office in downtown Toronto, Ontario. This expansion reflects the company’s success in the region and its partnership with numerous iGaming operators.
The grand opening of the new headquarters at 1 Richmond St. W was a notable event, with GeoComply employees joined by industry representatives and government officials. The new office is significantly larger than its original Toronto location in Liberty Village, opened in 2022. It can accommodate over 100 employees and is nearly four times bigger. This is GeoComply’s third Canadian business center, alongside its headquarters in Vancouver and Montreal, underscoring the growth of Ontario’s online gambling market.
The decision to move from Liberty Village to a larger space in downtown Toronto aligns with the concurrent expansion of both the company and Ontario’s iGaming sector. The need for larger accommodations comes as the market continues to attract more operators and experiences increased betting volume. Additionally, the province’s growing tech sector has played a role in this expansion.
Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade, applauded GeoComply for choosing Toronto and Ontario during the office’s grand opening. He highlighted the province’s standing as a major tech hub in North America, home to over 414,000 workers and producing more than 65,000 tech graduates annually. Ontario also ranks highly in fintech and financial services on the continent.
GeoComply revealed intriguing data about the iGaming sector at the event. Since the market’s inception in April 2022, over 744,000 users worldwide have attempted to log into local operators’ platforms nearly 20 million times. The company also noted that over 54,000 customers in the U.S. have tried to log into Ontario-licensed iGaming platforms over 305,000 times.
The company believes that the gambling industry is well-positioned to combat fraud, thanks to strict geolocation compliance requirements. This is especially true for the online casino sector, which GeoComply suggests is better prepared than other industries to tackle fraud.
In October, GeoComply partnered with Bet99, another licensed operator in Ontario. This collaboration allows Bet99 to leverage GeoComply’s advanced anti-fraud and geolocation technology, offering a seamless verification process for its users. GeoComply’s latest solution enables both mobile and desktop users of Bet99 to verify their location with a single click, without the need for additional apps or plugins, enhancing the online betting experience and boosting user conversion.
GeoComply’s commitment to responsible gambling is also noteworthy, as evidenced by its RG Check certification by the Responsible Gambling Council. This recognition highlights the company’s dedication to upholding responsible play policies and practices.
For more information on GeoComply’s success and initiatives in Ontario’s iGaming sector, visit the GeoComply website. Additionally, for insights into Ontario’s growing tech sector and its role in the gaming industry, the Alcohol and Gaming Commission of Ontario provides comprehensive resources.