The provincial government of Ontario intends to press forward with legislation to make I-gaming legal in the territory.
This move has received praise from the Canadian Gaming Association, a non-profit organization.
The Association lauds the government for its oversight efforts through the Alcohol and Gaming Commission of Ontario, finding it is essential and a vital regulatory job.
It provides both a level playing field in terms of standards and a safe and secure environment for online gambling in the province.
With the promising I-gaming initiative, the CGA believes the region will have an important new revenue source. It will also foster investment in the economy by means of tax revenue, more employment opportunities and purchasing goods and services.
The Association is concerned about Ontario’s skilled workforce and local investment in technology. It knows that digital tax credits and vibrant communities will add up to an attractive combination for those international operators hoping to build and invest in on-going development.
The CGA says that “I-gaming has been gaining acceptance in Canada for more than a decade.” Above all, the initiative will help the province see significant economic development and recovery gains.
According to Paul Burns, President & CEO,
“As we grapple with the economic recovery from COVID-19, it will be helpful
for Ontario to generate revenue from the licensing and taxation of
offshore online operators who qualify to operate in Ontario.”
will also allow land-based casino operators to access online gaming, enabling them to diversify their entertainment options and interact with customers outside of property walls.”
Score Media and Gaming has announced its support to facilitate the expansion of I-gaming in Ontario’s 2020 budget. If passed, this legislation would grant the Alcohol and Gaming Commission of Ontario, by means a dedicated subsidiary, the authority to manage the relationship between the provincial government and private operators.