The government of Ontario, Canada’s most populous province, has decided to set up a new and dedicated iGaming organization that will be in charge of managing online gaming offerings in the territory.
The new organization is called iGaming Ontario and it will operate as a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO), the government company that is in charge of regulating this field in the province.
The government of Ontario first announced plans for a dedicated online gaming subsidiary last year, as the province is planning to make its online gambling market fully open to competition in December 2021.
Peter Bethlenfalvy, the province’s Finance Minister, said that he expects the new legal iGaming market to drive more business and revenue but also provide a better and safer experience for consumers.
“A competitive, regulated online gaming market will provide a safer alternative to the unregulated, grey market websites that currently exist,” the Finance Minister added. Moreover, the additional revenue that should be generated for the province will be very important for the government’s efforts to support public services.