GeoComply has officially inaugurated its new office in downtown Toronto.

Julien Crette, the Chief Operating Officer of GeoComply, realized that the company needed a larger space for its Toronto operations after spending a year at a coworking facility in WeWork located in Toronto’s Liberty Village. With the workforce growing from around 30 to 50 employees and WeWork’s financial issues making headlines, the necessity for relocation became clear.

This week marked the official opening of GeoComply's office situated at 1 Richmond St. W. in the heart of Toronto. Both Crette and Lindsay Slader, Senior Vice President of Compliance at GeoComply, mentioned that this new venue would enhance their capability to attract skilled technology professionals.

Headquartered in Vancouver, GeoComply also operates an office in Montreal. The company specializes in providing solutions for fraud prevention and cybersecurity, aimed at detecting fraudulent location activities and confirming users' genuine digital identities. The recent announcement highlighted Bet99 as a new licensed partner of GeoComply.Ontario online casino GeoComply's geolocation technology is currently deployed on more than 400 million devices, analyzing upwards of one billion transactions monthly.

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Participants must be at least 21 years old. Terms and conditions apply. Please gamble responsibly.

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Office Space Can Accommodate 100 Staff

The newly acquired office space is planned to accommodate a staff of 100, as the Toronto branch is expected to expand further. This location will primarily focus on operational activities, customer support, and IT services.

Crette expressed, 'This demonstrates our commitment to the market's growth. Our goal is to create a remarkable environment that attracts top-tier technology talent.'

The launch event was attended by Ontario's Attorney General Doug Downey and Vic Fedelli, the Minister of Economic Development, Job Creation and Trade, along with Stephen Lund, CEO of Toronto Global, several GeoComply executives, team members, and others in the industry.

Downey emphasized the expanding scale of the provincial market. Since the regulated market for sports and iGaming was established in April 2022, there are now 45 licensed operators, over 70 gaming websites, and nearly 943,000 active player accounts. In the last two quarters, players placed more than $14 billion in total wagers, supporting around 12,000 full-time jobs within the province, according to Downey.Ontario sports betting On the same day, GeoComply revealed data regarding the Ontario market, offering insights into attempts by outside parties to illegally tap into the province's gaming market.

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19+. T&Cs apply. Please Play Responsibly. ConnexOntario.ca Notable statistics include: since the commencement of the NFL season, there have been 105,000 cases where users from Quebec have been blocked; a surge of 90% in newly registered player accounts was recorded in September and October (coinciding with the NFL season), adding 250,000 new accounts; and GeoComply conducted over 15.9 million checks within 10 kilometers of Ontario’s border in the previous month, achieving an impressive 99.8% success rate.

19+. T&Cs apply. Please Play Responsibly. ConnexOntario.ca Notable statistics include: since the commencement of the NFL season, there have been 105,000 cases where users from Quebec have been blocked; a surge of 90% in newly registered player accounts was recorded in September and October (coinciding with the NFL season), adding 250,000 new accounts; and GeoComply conducted over 15.9 million checks within 10 kilometers of Ontario’s border in the previous month, achieving an impressive 99.8% success rate.

Stats On Work GeoComply Is Doing

Individuals outside the province looking to join the market often resort to methods like masking their IP address, employing spoofing software, or utilizing proxies located within Ontario to place their bets.

From September 7 to November 15, there were 750,000 attempts to bypass regulations through IP spoofing, 78,000 attempts blocked due to spoofing software, and 2,300 suspected proxy betting instances recorded from September 7 to November 16.Ontario online casino apps An intriguing observation is that engagement from Raptors fans exceeds that of Maple Leafs fans by 73% according to one measure. Home games for the Leafs on November 11 and 12 averaged 1,041 geolocation checks, while Raptors games on November 13 and 15 saw an average of 1,796 checks.

Slader stated, 'We support regulated gaming. Across Canada, many people are gambling on unregulated sites, which may leave them without proper resources for addressing gambling issues or consumer protection typically provided in a regulated setting.'

'Numerous unlicensed operators are eager for opportunities to become licensed, particularly if new regulatory frameworks were introduced in other provinces. Should that happen, many companies would be ready to comply with regulations and offer their services to consumers. This is definitely a pathway that other provinces should consider exploring.'Ontario sportsbook apps .

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Photo courtesy of GeoComply