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New iGaming company absolutebet secures Ontario operator license

A 'Welcome to Ontario' sign against a backdrop of trees and a grassy slope
Image: Shutterstock

Another fledgling online casino has been approved to join the Ontario throngs.

Absolutebet Corp announced on Sept. 5 that it has been granted registration as an iGaming operator by the Alcohol and Gaming Commission of Ontario (AGCO).

Founded in 2024, absolutebet said in a release that it intends to offer a mobile-first platform that is tailored to the North American player, and its website states that it has “a special focus” on Ontario.

“Securing AGCO registration is more than a milestone—it’s the start of absolutebet’s journey in one of the most exciting regulated markets in the world,” said the company’s founder, Chen Truman. “We are building a brand that will grow with the Ontario community and set the stage for future expansion.”

“Securing AGCO registration has taken months of preparation and close collaboration with regulators and partners,” added Legal and Regulatory Compliance Advisor Krisztina Kalla. “I am very happy to see the result of that work, and even more excited as we move into the launch phase and open up the absolutebet community to Ontario players in a fun and responsible way.”

The company did not provide a timeline for going live in the market, but Canadian Gaming Business understands the target is December 2025, pending iGaming Ontario signoff.

absolutebet’s leadership team hails from Malta. Its registered address is located in Mississauga, Ont. It also has some Canadian gaming expertise on board from the get-go, as ex-AGCO AML Director and Kinectify’s Global Head of Advisory Services, Derek Ramm, is a board member at absolutebet. Ramm is also on the board of the Canadian Gaming Association.

New arrivals continue through the door

Ontario’s regulated iGaming market is nearly three-and-a-half years old and perhaps the most competitive in all of North America. Even with 50 licensed commercial operators already live, more new arrivals are queuing at the door for a slice of a market that sees more than $7 billion in online wagering activity per month.

The most recent new launch was a big one: DraftKings‘ standalone online casino brand Golden Nugget Online Casino. Ranked as the No. 2 online casino platform by Eilers and Krejcik Gaming (EKG) for H1 2025, Golden Nugget iCasino is a tried-and-true success in several U.S. states.

Another company that expects to launch soon is High Roller Technologies, which is focused purely on Canada in North America for the time being. High Roller will launch its eponymous flagship brand once it gets the final green light from the AGCO and iGO, and is confident of making a big impact with Ontario players.

Now, comparatively young upstart absolutebet is ready to enter the fray.