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Ontario on Canadian acid test for online gambling

Canadian gambling faces a “summer of change” Bill C-218 – “Safe and Regulated Sports Law”.

Bill C-218 aims to be simple in design and prevent gambling from being governed by Canadian criminal law, allowing 10 states to independently regulate their markets as needed.

The Government of Ontario launched igaming talks in April last year with the aim of laying the groundwork for Canada’s most populous state to launch its first online gambling framework.

“I’m mixing cement, but I haven’t solved anything,” he said. Willowdale’s Stan Cho MPP And executives Ontario Treasury, A policy stakeholder in Ontario’s planned igaming regime.

Panel discussion during the session SBC Digital North America At the online meeting, Cho added: “Sports betting is an integral part of Ontario’s market delivery, so we’re watching the C-218 Senate very carefully.

“The bill will change federal law to legalize a single sports bet, but more importantly, it will help Ontario capture its gray market activity.

Cho said Ontario’s Treasury is flooded with “market estimates ranging from $ 500 million to $ 1 billion annually,” but it establishes fair competitive conditions for business and provides safer gambling. He argued that the focus was on promoting the rules and ensuring legislative guarantees for Canada’s first launch. A regulated market.

Ron Segef Founding Partner of North American Gambling Law Firm Segeb Law OfficeThe panel reminded Canada that it had previously witnessed the transition to online gambling during the birth of the sector in the 90’s. But the once fast-growing digital sector incumbents were disappointed by Canadian criminal law.

“The bigger opportunity for us is to ultimately reverse the brain drain,” Segev argued.

“In 1996/97, when online gambling began to explode, Canada was a major innovator in the industry. Unfortunately, we didn’t have the regulatory infrastructure to support the early industry, so The best and best people had to leave.

“It was a real loss for Canada. The industry that was supposed to thrive was controlled by the criminal law system, resulting in a substantial economic loss to the country.”

The country’s losses were exacerbated by the rise of the black market, which aggressively targets consumers across the country and does not provide a safety net against problematic gambling addiction.

Sherry White, CEO of Canada’s Responsible Gambling Council (RGC), said: The planned administration of Ontario emphasized that it offers an opportunity to correct past discrepancies. “The Ontario government has always shown a strong commitment to consumer protection, which is good news for all involved.

“We expect many new operators to enter the market. My concern is that regulators will handle RG’s obligations from the beginning.”

Mr White advised policy makers to focus on a “public health first approach” towards the inauguration of Ontario, which is fundamentally less than what has been witnessed throughout North American jurisdiction. Different.

She states: And safe markets should include safer gambling tools and clear promotions of self-exclusion, forcing operators to inform their customers what the risks and odds of the game are.

Expectations are rising for how Ontario will establish online gambling legislation. Paul Burns, President of the Canadian Gambling Association (CGA) I advised you to be careful.

Asked about how Ontario enforces rules to maintain market value and acts as Canada’s first regime, Burn said, “There are many subtle differences in how the state forms the law. “.

“Regulators need to make sure they aren’t creating surveillance for surveillance … this is often misunderstood in Canada. There are many interpretations across the country used by the state government. Let’s do it. “

He also warned: It must be stated that Ontario can build a strong framework, but Ontario cannot act as a Canadian police officer in cracking down on regulations.

After completing the panel process, Stan Cho was put in place and asked an important time frame question regarding Ontario’s launch of its planned regime. Cho said about the December launch. I answered as follows. “I think it’s feasible, but I’m talking from a building made of oak in Canada, so I can knock on wood for the Christmas launch.”

Industry experts spoke on a regulatory track hosted by IGT Play Sports at SBC Digital North America, June 9-10, 2021. https://sbcevents.com/sbc-digital-north-america/



Ontario on Canadian acid test for online gambling

Source link Ontario on Canadian acid test for online gambling

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