AGCO Wins Honorable Regulatory Award

Most recently, the Ontario Alcohol and Game Commission and several other regulators have received prestigious awards at the International Gaming Regulatory Association meeting. 바카라사이트 Recognized by the Excellence in Regulation for creating the first regulatory framework for online gaming in Ontario and Canada.

AGCO oversees and regulates Ontario’s liquor, gaming, horse racing and cannabis retail sector. It does so in accordance with the principles of honesty and integrity and the public interest. The Commission is also a Crown body and reports directly to the Department of Justice.

In this year’s edition of the International Conference on Gaming Regulation, AGCO was recognized for its iGaming framework and awarded a regulatory excellence award. This relates to the opening of the state’s legal online gaming and sports betting market for private operators on April 4, 2022. This is the first such segment in Canada.

The winner of the award was announced at a gala dinner in Melbourne during the annual meeting on Wednesday night. The remaining winners were the National Indian Game Board, recognized through the regulatory innovation honor, and the Office of Responsible Gambling, which received the best regulatory campaign award for the second consecutive year.

On behalf of the panel, IAGR President and Award Judge Jason Lane congratulated the three winners and thanked everyone who participated in the vote. He said the award-winning films are an exceptional example of teams around the world who are tirelessly trying to set new standards in an ever-changing gambling environment.

Despite the success of the iGaming framework, AGCO has still been criticized for some aspects of regulation, such as strict advertising rules and leniency dealing with gray market operators. However, regulators recently announced a deadline of October 31, 2022, for gray operators to be legalized in the provinces or face consequences.

In addition, the province also released a financial report on the market’s second-quarter operations. Applies to the period from July 1, 2022 to September 30, 2022. In the second quarter, the regional segment generated a total of CA$6.04 billion and more than CA$267 million in gaming revenue, an improvement of CA$4 billion in Q1 revenue and CA$162 million in revenue.

During the quarter, the market had 24 operators and 42 game websites operating, with a total of 628,000 active user accounts. Mobile bets spent an average of C$142 per customer per month, excluding promotional credits. Revenue numbers from the Ontario Lottery and gaming company’s PROLINE+ are also not included as they are separate websites.

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