Online casino games now allowed in Ontario
The good news for players living in the province of Ontario, the casino gaming market in Canada has been open since April 2022. Platforms such as Bet365, FanDuel, and TheScore Bet have been legalized, much to the delight of bettors.
New jobs coming to Ontario
In order to legally operate in the province, operators will have to pay a $100,000 registration fee each year, and they will also have to pay 20% of their profits. For more news from the world of gambling, see the link https://luckylife.in/online-games/baccarat/.
As of April 2022, just over 20 private gaming sites have been licensed by the regulator iGaming Ontario (iGO). This regulator is a new division of the province's liquor and gaming commission. It will not limit the number of competitors allowed into the online casino market.
Operators who want to join the license, will have to meet "rigorous" standards that protect players. These standards will allow for more responsible gambling, avoidance of money laundering and registration of minors.
Press Secretary Natasha Krstajic for Attorney General Doug Downey said in an email, "Until now, gambling has been taking place on sites that are not licensed in the province. The protections on these consumer sites are limited or non-existent" followed by "Online Gaming Ontario is working to establish a new marketplace that will better protect consumers and provide them with more choices."
With this new legalization, new product studios will be coming to Ontario. Like, the new Rivalry studio which is an online gaming and online sports betting platform. Rivalry's CEO, Steven Salz, commented, "We are proud to be able to join the Ontario market, which is estimated to be worth over $1 billion," adding, "If we have been able to offer a homegrown product to our client, it is because we have the chance to work from home.
The platform, TheScore Bet, has offices in the province's capital and employs 400 people. Its goal is to double its staff and buy more space.
Despite the fact that the sector is now more regulated in Onterario, some researchers believe that this will highlight the problems of gambling additions. According to Nigel Turner of the Centre for Mental Health and Addiction, most people don't understand the concept of gambling and figure that at some point they'll hit the jackpot. These are people who have no money to lose.
For the researcher, Chanel Larche, the measures imposed are not enough and operators have the opportunity to advertise and attract easier players. Among these players, there is a great possibility that they are susceptible to addiction." Most people don't understand the concept of gambling."
The manager of FanDuel Canada said he is working with the Responsible Gambling Council and has implemented tools on his mobile app so players can limit their spending and time spent on the app.