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Ontario has not always been a gambling friendly province in Canada but that is all beginning to change as the province begins to gear up for a flourishing igaming industry.
Ontario is now accepting applications from the major gambling operators for potential admission into their state. This implies that not all of these major gambling sites will be able to book a place in the gambling world of Ontario but it also means that Ontario locals will be able to play their favorite online casino games very soon. Applications for a license in Ontario will be issued by the Alcohol and Gaming Commission of Ontario and will need to be submitted by no later than September 13, 2021. The AGCO will then deliberate in the months leading up to the end of the year where they will then decide who they will issue these gambling licenses to.
A strict application process
Every single one of the third-party operators who are looking to have their sites launched in Ontario will need to disclose information about key individuals in their company to the AGCO. This information will then need to be followed by these operators registering every single one of their current web portals as well. Should these operators successfully be issued with their license they will then also be able to provide markets and games to the land-based casinos in Ontario as well. There is a potentially lucrative opportunity here for these platforms but it’s all about who is able to receive their license from AGCO, as not every one of them will be successful in their pursuit.
Should these platforms be issued with a license they will be required to pay no less than $100,000 for each platform that they operate in Ontario. A new gaming entity in iGaming Ontario will be tasked with managing and overseeing this new influx of gaming platforms in the province. Regulation of these sites will fall directly onto them. It is technically a subsidiary of the AGCO but they will operate autonomously in the decision making with regard to regulation and oversight of these online gambling platforms.
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