Online casino players in Ontario can now play at provincially licensed iGaming sites. This is thanks to the launch of the iGaming Ontario (IGO), which is a province-dedicated iGaming license that works closely with the Ontario government to protect online gamblers and provide them with more choice.
The license is available to gaming operators that are registered with the Alcohol and Gaming Commission of Ontario (AGCO) and have a registered agreement with the iGO. LeoVegas, bet365, and BetMGM were among the first to launch in Ontario. PointsBet Canada was the first online casino to receive a bet just moments after going live.
Martha Otton, the executive director of iGO, assured players that online casinos which are successful in obtaining the Ontario license will have met rigorous standards related to fairness, security, integrity, and social responsibility. The possession of this license also means the prevention of underage gambling and compliance with other applicable laws such as anti-money laundering and responsible gaming.
Having a provisional-dedicated regulatory body enhances player choice and supports the growth of the market. Otton continued to say that the implementation of the iGaming Ontario license comes with mutual benefits.
The license will cost gaming operators a minimum of C$100,000 a year, an amount that may increase over time. This fee covers the costs of regulating the market and includes the security and game selection. This also allows the implementation of single-event sports betting, an option that players in Ontario weren’t permitted to do beforehand.
Gaming operators that are still in the registration process were advised to cease all activity within the region of Ontario. The AGCO plans to take serious action against any operator offering unregulated services, including failing applications for the iGaming Ontario license.
Online casinos and content providers that received their license before launch were thrilled to share their experiences. FanDuel chief executive Amy Howe acknowledged this important moment in the iGaming industry in Canada while High 5 Games chief executive Tony Singer is proud to be one of the first trusted brands in a market that has the potential to grow on a large scale.
Gambling.com Group endorsed the fact that the entry barriers to the market are being kept low because this means more room for competition – this will benefit both consumers and operators in the long run as it will encourage the best products to rise to the surface.