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iGaming Ontario was founded to "operate and manage" online games

08/07/2021
26

The Ontario government has made the so-called "key step towards creating a safe, regulated and competitive gaming market network" by creating iGaming Ontario

.

New branch of the Ontario Alcohol and Gaming Commission and manage "the province's new online gaming offering, and help establish the region as an" international leader in online gaming. "

"Following the historic vote by Parliament to lift the ban. When it comes to sports betting on a single event last month, the creation of iGaming Ontario is another milestone in our work to ensure people have access to a safe and regulated online gaming market by the end of the year," he said. Doug Downey, Ontario Attorney General

.

"We are determined to work with the industry, responsible gaming advocates and regulatory partners to ensure Ontario is a world leader in building a safe online gaming environment that meets consumer expectations."

It adds that AGCO's role as regulator will remain the same and will be separate from that of the subsidiary.

AGCO will remain responsible for regulatory oversight of all gaming activities in Ontario, including gambling operators, providers and the new affiliate. The new PC gaming market is expected to start operating in December 2021.

Government and the leader of a commercial igaming project in Ontario Birgitte Sand

, will continue to meet with industry, Indigenous communities and organizations, and social responsibility groups to finalize the setup and rules for the new market.

In addition, it should also be noted that Ontario Lottery and Gaming Corporation will continue to run and manage its own gambling offer via OLG.ca.

"The new legal gambling market in Ontario will create new opportunities for Ontario businesses and a better and safer gaming experience for players," said Peter Bethlenfalvy, Minister of Finance of Ontario

.

“A competitive, regulated online gaming market will be a safer alternative to the unregulated gray sites that currently exist - and which may not have adequate consumer protection or responsible gaming measures.

"The new legal market would also generate income for the provinces to invest in supporting jobs and businesses, supporting people and their families, and improving and strengthening key public services in the post-COVID world."

It is estimated that Ontario residents spend close to $ 1 billion a year on online gambling, of which approximately 03 percent is in the unregulated, informal economy.

08/07/2021
26
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