The Canadian Gaming Association has praised the Ontario provincial government’s decision to press ahead with legislation that intends to make igaming a reality in the province.
The not-for-profit organisation says that government oversight in igaming, through agencies such as the Alcohol and Gaming Commission of Ontario, is essential, as there is an important regulatory role in providing both a level playing field in terms of standards and a safe and secure environment for Ontarians who wish to play online.
By advancing Ontario’s igaming initiative, the CGA believes that the region can begin to capture an important new revenue source, while encouraging investment in the economy through tax revenue, employment opportunities and purchasing goods and services.
The firm adds that Ontario’s skilled workforce, investment in technology, digital tax credits, and vibrant communities will prove an attractive combination for international operators looking for a place to build and invest in technology development.
Asserting that “igaming has been gaining acceptance in Canada for more than a decade,” it is believed that the initiative will help the province realise significant economic development and recovery gains.
“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,” noted Paul Burns, president & CEO of the CGA.
“It 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.”
Last week, theScore Media and Gaming announced its support for the introduction of legislation by the Ontario provincial government to facilitate the expansion of igaming in the province as part of its 2020 Budget – Protect, Support, Recover.
The province confirmed that, if passed, this legislation would give the Alcohol and Gaming Commission of Ontario, through a dedicated subsidiary, authority to manage the relationship between the provincial government and private igaming operators.
