• Ontario Also Looking at Legalized Online Gambling

    10 August 2010


    On Saturday, The Star Canada’s largest daily newspaper, reported that Premier Dalton McGuinty’s administration is facing a $19.7 billion budget deficit. Due to this, McGuinty is looking into the possibility of Ontario expanding into the online gambling industry.

    The government needs money, and sources say legalizing online gambling could bring in up to $500 million a year. The Ontario government is reporting that this would be in addition to the Ontario Lottery and Gaming Corporation’s $1.9 billion profit reported in 2009.

    Ontario Lottery and Gaming Corporation’s chairman Paul Godfrey said in a Star article:

    “It’s something that I would explore . . . (because) money is going out of this province to other provinces as well as offshore sites. The fact is that it’s there at the present time all around us.”

    Of course there is political opposition to this solution lead by Progressive Conservative Leader Tim Hudak. He told reporters Monday,

    “Listen, this guy has had two consecutive major scandals at the OLGC, they’ve gone through five CEOs, they can’t run the existing casinos let Internet gambling. They have a voracious appetite for more and more tax dollars. They can’t control the OLGC as it is. This will be a disaster if Dalton McGuinty is running an online casino.”

    Like most other countries currently looking into some sort of legalized and regulated online gambling, they want to recoup the money that is currently being gambled on sites located offshore and bring that money back where it can help put money in the local coffers.

    Right now, like some other Canadian provinces, Ontario is keeping a close eye on British Columbia who recently legalized online gambling. B.C. estimates that close to $100 million was leaving their area and going to outside gambling websites.

    Many in Ontario are already leery of existing brick and mortar casinos after a couple recent scandals involving the Ontario Lottery and Gaming Corporation so it may be a tough sell to convince them that they are capable of running an online gambling site. However the promise of additional monies to aid the local economy may be all the push needed.

    Related News

    • Newspaper

      Gambling News

      Ontario Welcomes Push GamingIvan Stefanovic24 May 2022

      The iGaming market in Ontario was recently regulated and Push Gaming is now set to enter the market after fulfilling the necessary regulatory requirements. The B2B gaming provider has confirmed that it has registered with the Alcohol and Gaming Commission of Ontario, which enables it to start offering its services and collaborate with authorized service providers in the province. This is exciting news for Push, as well as for the iGaming industry in Ontario.

      Read full article
    • Armadillo studios secures ontario certification

      Gambling News

      Armadillo Studios Ready to Go Live in OntarioIvan Stefanovic09 May 2022

      Armadillo Studios has wasted no time in getting their foot in the door of the Canadian iGaming market. Following the recent passing of regulations in Ontario, the company has been quick to gain approval from the Commission of Ontario and is now preparing to bring its premium titles to the province. The regulated gambling laws introduced in 2021 are designed to protect players and the company is eager to show its commitment.

      Read full article
    • Playtech expands its presence in north american market

      Gambling News

      Playtech Expands its Presence in North American MarketIvan Stefanovic18 April 2022

      As part of Playtech's Canadian entry, the gambling technology company has launched multiple partnerships in Ontario. The company's full platform went live on the first day of market opening last week, and it stated that it will be announcing a further wave of partnerships in Ontario in the coming weeks. Ontario is North America's newest regulated market after the Gaming Commission of Ontario granted licenses to several suppliers.

      Read full article