iGaming Ontario will operate as a subsidiary of the state’s Alcohol and Gaming Commission of Ontario (AGCO) and ensure new measures are put in place to protect Ontario consumers from gambling-related harm.
The government first announced plans for a dedicated subsidiary last year, with Ontario expecting to open its new online gambling market in December this year.
“Ontario’s new legal igaming market will create new opportunities for Ontario businesses and a better, safer gaming experience for players,” Finance Minister Peter Bethlenfalvy said.
“A competitive, regulated online gaming market will provide a safer alternative to the unregulated, grey market websites that currently exist – and which may lack proper consumer protections or responsible gaming measures.
“A new legal market would also generate revenue for the province to invest in supporting jobs and businesses, supporting people and their families, and improving and strengthening critical public services for a post-Covid world.”