After extensive discussions and strategic planning, the Alcohol and Gaming Commission of Ontario has at last rolled out the legal framework intended to oversee a lucrative market.
This development is particularly positive for Canada, as it clarifies the legal status of online gambling in the nation. While it marks a pivotal step toward nationwide regulation, we anticipate that other provinces will eventually emulate Ontario’s actions in the near future.
Although applications are not yet being accepted, the AGCO has released a helpful guide for operators to get their affairs in order in anticipation of the application process, which is expected to begin in December. We'll have to see how this impacts Canadian players!
At last, Canada has an official regulator for online casinos!
Currently, the only authorized online gambling platform operating in Ontario is PlayOLG , which is managed and owned by the provincial government.
With the introduction of regulations in Ontario, the existing monopoly of PlayOLG will be dissolved, leading to a broader selection of gambling options for players.
The AGCO's guide outlines what is expected from operators, detailing their responsibilities and the security measures that online casinos must implement.
Included in the guide is a detailed list of the legal documents required for operators to complete their applications once the process opens in December.
The licensing fee for operators will amount to C$100,000 annually. While there are no taxes involved, operators will need to negotiate profit-sharing agreements on an individual basis.
Who are the likely candidates?
There is much speculation surrounding which operators will seek to enter the Ontario market, particularly considering its status as the most populated province and the location of Toronto, one of Canada’s largest cities.
Some companies have already shown interest, including Torstar Corporation, the owner of the Toronto Star newspaper.
Other interested parties are U.S.-based operators that have successfully developed brands in several Canadian provinces.
As the application period has not yet started, it's difficult to predict which operators will secure licenses in Canada, though we might see some unexpected entrants!
