The Alcohol and Gaming Commission of Ontario has officially launched its application process for operators and suppliers wishing to join the province’s new regulated iGaming market. Applicants who intend to submit their permit applications since September 13, 2021. The province will begin issuing permits before the end of the current year.
Ontario’s new regulated iGaming market is expected to launch by the end of the year and will allow third-party operators and game-related providers to participate in the competitive market. The new gaming offerings will be overseen and managed by the recently introduced iGaming Ontario. However, the new entity will not manage online gaming products through the OLG.
Applications now accepted
In order for participants such as operators and game providers to participate in the open market, they must be registered under the Gaming Control Act 1992 by AGCO. In their requests, companies will need to provide entity-level disclosure, including supporting information and documents, and personal disclosure, which includes supporting information and documents for key individuals.
Operators will be required to register each of the web portals they operate. Successfully registered suppliers will be able to provide gaming-related products and services in the land games markets as well. If the providers currently hold a games related registration and intend to provide content and services to the iGaming marketplace, additional contact information will be available to them.
Gaming operators will also be required to pay an annual fee of CA $ 100,000 for each gaming site they are watching. They will also have the possibility to choose between one or two year options for the license and thus determine the amount of the payment. In addition to this, operators also have to pay investigation fees such as processing their requests.
Supplier fees will be split between game equipment developers and all other categories of game suppliers. Manufacturers must pay CA $ 15,000 per year and suppliers of gaming equipment and services will be required to pay CAD $ 3,000 per year. Likewise, for operators, the supplier can also choose between a one-year or two-year contract.
Ontario Online Game
iGaming Ontario is the new entity that will be responsible for supervise and manage the new online regulated market, which expects a lot of interest from operators with the legalization of individual sports betting. The new institution is a subsidiary of AGCO but will operate separately and will have its own staff and board of directors. In addition, the entity will assess and license operators later this year.
Results of the first week
Ontario’s gambling market is currently enjoying significant betting volume as the province recently introduced regulated individual sports betting through the digital bookmaker PROLINE + for the first time. The new platform reported a bet of C $ 1 million for just the first week of new legislation that allows betting on singles. More than 74% of the total volume of bets was placed under the new offer.
Source: “Welcome to iCAJO, the Alcohol and Gaming Commission of Ontario’s online service delivery portal. â, iCAJO, September 2021