Heidi Reinhart has been named as Chair of iGaming Ontario, replacing inaugural incumbent Dave Forestell who was last week appointed by the Alcohol and Gaming Commission of Ontario as Chair of its board of directors.
In addition to being a partner at Norton Rose Fulbright, where she practises securities and corporate law, Reinhart is also a member of the Ontario Securities Commission’s Securities Advisory Committee and the Toronto Stock Exchange Listing Advisory Committee.
Reinhart has also been a member of the AGCO board of directors since 2020, and during the current year received the King’s Counsel designation.
Forestell became Chair of iGaming Ontario in July 2021, and during a two year stint is hailed as providing “foundational strategic leadership” as the province developed and implemented its approach to conducting and managing its new, competitive online gaming market.
“iGaming Ontario welcomes Ms Reinhart and extends a sincere thank you to Mr Forestell for his leadership of this agency from its inception,” the group said in a media statement.
Recently, the region’s online casino space continued to ascend as regulator iGaming Ontario declared a quarterly revenue increase for the market’s gaming operations in the first quarter of its 2023-2024 fiscal year.
For Q1 (April 1 to June 30, 2023), iGO reported total gaming revenue for the Canadian province of C$545m, up 3.6 per cent compared to FY2022-23 Q4’s $526m.
The market’s gaming revenue is calculated through the equation of total cash wagers – rake fees, tournament fees and other fees – minus player winnings derived from cash wagers. It doesn’t take into account operating costs or other liabilities.