Ontario Auditor General Has Concerns About Privatized Online Gambling
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Audit of the Auditor General of Ontario claims the Internet Gaming in Ontario market may violate federal law. The Ministry of Attorney General claims it will function well as is. Competition for the Ontario Lottery and Gaming Corporation is now expected to occur in Q1 2022.
Ontarians spend $500 million a year with unregulated online gambling websites. AGCO is working to bring them into a regulated marketplace. iGaming Ontario is a provincial regulatory agency reporting to AG CO. It's a subsidiary of AGco. OAG report says Ontarians spent $1 billion on online gaming.
AGCO is registering online casino operators and regulating them. iGaming Ontario will conduct and manage the marketplace after online casinos enter into operating agreements with AGCocoa.
The discussion paper’s preliminary outline for “a model for Internet gaming in Ontario” says that the OLG is such a lottery scheme.
The Criminal Code prohibits the provision of gambling in Canada, with some limited exceptions.
OAG claims that under the current framework, adding private online gambling operators may violate Canada’s criminal code. OAG contends that AGCO shouldn't be responsible for overseeing its own subsidiary and the latter's commercial partners.
Ontario Auditor General Has Concerns About Privatized Online Gambling.
Auditor General's report and recommendations were welcomed by the Ministry of the Attorney General. Ontario is committed to creating a regulated and competitive online gaming market to help protect consumers.
The report by the Ontario Auditor General has concerns about Privatized online gambling.
There is a conflict between iGaming Ontario's goal of generating profit-based revenue for the province and AGCO's regulatory oversight of the gaming sector.
Report recommends that if iGaming Ontario meets the requirements of the Criminal Code, it should report to OMF rather than AGCO.
Auditor General has concerns about the privatization of online gambling. The AG believes the private operators retain too much control.
Auditor General has concerns about Privatized Online Gambling in Ontario.
Auditor General has concerns about Privatized Online Gambling. PlayCanada managing editor Robyn McNeil says the agency doesn't have the power to affect the launch.
Auditor General has concerns about the new Internet gaming model under the criminal code and the governance risks of iGaming Ontario’s structure.
Auditor General of Ontario has concerns about Privatized Online Gambling. AGCO and Ontario's government are considering the issues.
Operators are worried about Ontario's online gambling market. They are unsure about the expanded launch date. They also have concerns about changing legal requirements. The vice president of PointsBet Canada says it's difficult to navigate the legal issues.
Cipriano hopes the government will become more comfortable with operators and their processes.
Ontario Auditor General has concerns about Privatized Online Gambling. OLG's retail partners face special challenges. MGE develops and operates casinos for the Mohegan Tribe with two retail casinos in Ontario. They are the service provider for Fallsview Casino Resort and Casino Niagara in Niagara Falls.
