The Canadian Gaming Association welcomed the decision of the provincial government of Ontario to step forward with legislation that seeks to make igaming in the province a reality.
The non-profit organisation argues that government regulation of igaming through agencies such as the Ontario Alcohol and Gaming Commission is necessary, as there is an significant regulatory role in providing Ontarians who want to play online with both a level playing field in terms of standards and a healthy and secure setting.
The CGA believes that the region will begin to capture an important new stream of revenue by advancing the igaming initiative of Ontario, while encouraging investment in the economy through tax revenue, job opportunities and the purchase of goods and services.
The company adds that the professional workforce of Ontario, technological investment, digital tax credits, and vibrant communities would be an enticing mix for foreign operators searching for a place to create and invest in the growth of technology.
It is believed that the initiative will help the province achieve significant economic development and recovery gains, asserting that ‘igaming has been gaining acceptance in Canada for more than a decade.’
Paul Burns, president & CEO of the CGA noted: “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.
“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.”
The Score Media and Gaming confirmed last week its support for the provincial government of Ontario to enact legislation to promote 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 authorise the Alcohol and Gaming Commission of Ontario to manage the relationship between the provincial government and private igaming operators through a dedicated subsidiary.