SiGMA

AGCO sets Oct 31st as deadline for unlicensed betting operations to exit the market

Posted: Oct 06, 2022 12:14 Category: Americas , Online , Regulatory , Posted by Maria Debrincat

In Ontario’s six-month-old legal online gambling and sports betting sector, a number of gaming operators have secured licences and debuted their operations.

The Alcohol and Gaming Commission of Ontario (AGCO) has modified its Registrar’s Rules for Internet Gaming, revising live dealer game standards and bringing the transition period for unregulated operators and suppliers to an end.

AGCOAnyone who has not been granted a licence to operate in the province must cease operations by the end of October. The regulator also stated that it will take action against operators who do not comply but did not specify what those sanctions might be.

Before the Ontario iGaming market went live earlier this year on April 4, the commission initiated a process to allow operators and suppliers in the unregulated market to transition into the regulated market ahead of the market’s launch, providing a safe place for existing customers in the province to play.

The statement read “This new standard establishes that operators and gaming-related suppliers that are currently active in the unregulated market in Ontario must end their activities in the unregulated market to avoid jeopardising their eligibility for registration.”

The AGCO is providing a reasonable warning period to assist with the continued transition to the regulated market, including informing their players of potential blackout periods owing to awaiting registration.

THE 300 SPARTANS:

After triumphing in key locations across Asia and Europe, AGS is flying 300 top affiliates to Malta, for an all inclusive deluxe trip. The event will happen alongside SiGMA, 14-18th November, during SiGMA Europe.

Read more about the 300 Spartans here.

 

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