In Ontario, the AGCO is making new provisions for online gaming. In fact, there is a growing interest in online gaming in Ontario, and at the rate, things are going, there is no doubt that there will be a number of iGaming operators in the province. In this sense, it was foreseeable that regulations would be established to ensure that everything goes smoothly for both parties: the operators on the one hand and the players on the other.
It is a new page that opens for the happiness of online gambling enthusiasts who will be able to indulge their pleasure without constraints. Since this is a relatively new field for businesses wishing to operate in, the Alcohol and Gaming Commission of Ontario (AGCO) has thought to educate interested parties by developing an online gaming regulatory guide to instruct them on how to run their business properly and within the law.
So, to make sure that everything is clear from the start, this new guide that the AGCO plans to publish aims to warn iGaming operators that they will have to comply with strict rules. At the same time, it is a way of calling on those who indulge in what is referred to as the grey market in online gaming to take precautions. With the introduction of a regulatory guide, illegal operators in the province will likely find themselves ``out of the game`` if they do not follow the guide.
The guide at a glance
In order to ease the conditions for those engaged in this practice, namely grey market online gambling operators, the AGCO suggests that they continue their activities while hurrying to regularize their situation as soon as possible in order to avoid prosecution of any kind. Furthermore, AGCO advises them to apply for a license.
AGCO believes that many companies will flock to apply for a license. It also says that once the guide is published, only those who have applied for and obtained a license will be able to practice. The AGCO also warns that operators must inevitably go through iGaming Ontario and that those who attempt to operate without a license will be subject to a fine of up to $100,000 Canadian per year per gaming site operated. The AGCO also plans to enforce fair gaming by monitoring gaming software and handling it responsibly.