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Ontario report The AGCO ’ s position on hold -out operators
whereby the applicant identifies the an entity can take if they missed the entities they do business with , and launch deadline . confirms that their supplier list either holds AGCO registration , are exempt THE FUTURE OF THE from registering or are in the process REGULATED MARKET of registering .
So far , the regulated market appears
Entities that do not meet these to be a success . iGaming Ontario requirements are not permitted to recently released its first public report do business with registered entities , on market performance , which reveals unless the AGCO provides their that $ 4bn in total wagers have been written consent , provided at their made with $ 162m in gaming revenue . sole discretion .
Active players are spending on average $ 113 monthly .
CEASING OPERATIONS According to the Canadian Gaming
POST LAUNCH
Association , this is a promising start For applicants that failed to meet the for the regulated market . They note 4 April date , the first step is to cease all that the iGO report only takes into unregulated operations at a minimum account those operating up to 30 June in Ontario , but to ensure compliance 2022 and does not include the legacy across Canada too .
PlayOLG offering by the Ontario Lottery
While missing the deadline means and Gaming Corporation or operators that the AGCO may decide , at their sole that have entered the market since that discretion , that an application may be date . With the inclusion of major global unsuccessful , showing the AGCO that operators , total wagers and revenue are you took steps to become compliant only expected to climb . may assist if those steps were taken in Some operators may have been good faith . waiting to see how the Ontario market This is especially the case if such would manage through its initial launch . steps are taken sooner rather than later . Having seen the commercial success of We expect that the amendments its first quarter , they may now be more to the standards may clarify the steps confident to enter the regulated market .
The above article is provided for informational purposes only and has not been tailored to your specific circumstances . This article does not constitute as legal advice or other professional advice and may not be relied upon as such .
RON SEGEV is the founding partner at Segev LLP , a full solutions law firm with a specialisation in interactive entertainment including online gaming and betting . Ron has assisted a wide array of industry participants with regulatory , compliance , M & A , corporate , commercial , private and public corporate finance and other issues . He has been rated as a Band-1 gaming lawyer by Chambers and Partners and is also a general member of the International Masters of Gaming Law .
REBECCA DALES is a lawyer with Segev LLP . She assists clients with gaming , corporate , commercial and real estate transactions . Rebecca also has experience assisting clients with online gambling matters including licence registration in both the US and Canada .
Ontario report