Although the application process isn't active yet, the AGCO has made available a guideline to assist operators in preparing for the anticipated opening of applications, likely happening around December. It will be interesting to observe how these changes impact Canadian players!
At last, there's a governing body for online casinos in Canada!
Currently, the only officially sanctioned online gambling platform in Ontario is PlayOLG , operated by the provincial government.
With the upcoming regulation of the market, particularly within Ontario, the existing monopoly of PlayOLG will cease, thereby introducing more options for players.
The AGCO's guide outlines the responsibilities that operators must meet and what is expected of each online casino in terms of security measures and safety protocols.
This document details all necessary legal documents needed for operators to submit their applications once the process opens in December.
Securing a license will come at a yearly cost of C$100,000 for operators, and while there are no taxes imposed, revenue-sharing agreements will need to be individually negotiated.
There is much speculation regarding which operators will seek to establish their services in Ontario, the province with the largest population, which includes Toronto, one of Canada's biggest cities.
Some operators have shown an interest, notably Torstar Corporation, the parent company of the Toronto Star newspaper.
Who are the likely candidates?
Additionally, several parties from the United States, successfully managing established brands in various provinces, have expressed interest.
Since the application doors are not yet open, pinpointing which operators will ultimately be approved for licensing in Canada remains uncertain; however, we expect some exciting reveals ahead!
M'Louisa is often found in pursuit of a playful monkey that is growing up at an astonishing pace. When moments allow, she enjoys indulging in painting or immersing herself in a captivating book. Over the past three years, she has relished observing the industry's dynamic growth, which she considers the most rewarding aspect of her work!
CanadaCasino offers expert evaluations of licensed online operators, ensuring you engage with safe and trustworthy platforms. We advocate for responsible gambling (19+, ResponsibleGambling.org) and promote a gaming experience that is both safe and enjoyable. It's important to remember that gambling is intended for entertainment, not as a means to earn money. Maintain control and gamble responsibly!
