Canadian gaming authority AGCO grants iGaming license to Sports Interaction
Going Live in Ontario: Sports Interaction Joins the Party
Get ready for more action in Ontario, the buzzing Canadian province, as Sports Interaction, a prominent gambling operator offering sports wagering and online casino games, has bagged an internet gaming license from the Alcohol and Gaming Commission of Ontario (AGCO). According to a recent report, this licensing milestone puts them among leading operators already operating in the regulated market within Ontario.
With the entry of Sports Interaction, Ontario’s gaming scene is heating up. Back in April, the province opened its internet gaming market, paving the way for the AGCO to register interested operators who wished to operate within the regulated market. In addition to claiming a license from the AGCO, operators must also ink an operating agreement with iGaming Ontario to offer their games in the province legally.
Other operators have already secured their licenses, including big names like PointsBet, Bet365, and theScore. Notable additions to this list include PokerStars and Bally’s.
While the licensing news is music to Sports Interaction's ears and their enthusiasts in Ontario, the real question remains - how will this impact existing customers in the province? Only time will tell!
The AGCO's Penalty on Unibet ON Inc:
Earlier this week, the AGCO brought attention to itself when it announced it had slapped Unibet ON Inc with a CA$48,000 monetary penalty. The regulator claimed that Unibet breached advertising regulations by promoting generous welcome offers that apparently violated the regulations for internet gaming currently in effect. Tom Mungham, the CEO and registrar of the AGCO, emphasized the commission's expectations for all licensed operators to adhere to the rules for game integrity, player protection, and responsible gambling.
In Ontario, the AGCO plays a significant role in overseeing all gaming activities. To secure an iGaming license and operate within Ontario's regulated market, operators must meet stringent requirements involving regulatory compliance, operational and financial requirements, responsible gambling measures, and an application process that can take anywhere between 2 to 6 months, depending on factors such as jurisdiction and document readiness.
- Sports Interaction, now licensed by the Alcohol and Gaming Commission of Ontario (AGCO), is set to join other leading operators in Ontario's regulated market, offering sports betting and online casino games.
- With Sports Interaction's entry, Ontario's gaming scene will indeed see a significant increase in action, following the province's opening of its internet gaming market in April.
- Operators like PointsBet, Bet365, theScore, PokerStars, and Bally's are already part of the regulated market in Ontario, having secured their licenses and agreements with iGaming Ontario.
- However, the impact on existing customers in the province remains uncertain as Sports Interaction enters the market.
- Earlier this week, Unibet ON Inc received a CA$48,000 monetary penalty from the AGCO for breaching advertising regulations regarding welcome offers.
- The AGCO maintains strict requirements for all licensed operators, including regulatory compliance, operational and financial standards, responsible gambling measures, and a thorough application process that can take between 2 to 6 months.
