The Alcohol and Gaming Commission of Ontario (AGCO) started accepting applications on September 13, 2021, for registration from interested suppliers and operators. This would be the first step for companies wanting to participate in the new iGaming market in Ontario.
The AGCO says applying for a license with them is one of the key steps in the process. Interested parties would need to apply through the iAGCO web portal. The AGCO has released application guides for both interested operators and gaming-related suppliers, meaning the interested party would need to sign up for an account and begin preparation for submitting the necessary documents.
The operators would need to pay annual registration fees, ranging from around $15,000 for gaming-related suppliers and up to $100,000 for operators.
Ontario’s new iGaming market should be prepared to go live at the end of 2021, allowing interested parties space to operate in a newly regulated gaming market. A freshly founded crown corporation, iGaming Ontario, will oversee and manage all gaming offerings. The corporation will enter into commercial agreements with all gaming operators who have successfully registered.
Interested parties can expect to see a glimpse of the newly finalized commercial agreement soon. However, that will not be possible without signing a non-disclosure agreement beforehand.
Note that iGaming Ontario will not manage and conduct online gaming content via the Ontario Lottery and Gaming Corporation’s (OLG) live website.
The AGCO released their finalized standards for sports and event betting last week. The settled-upon standards have been placed in the Registrar’s Standards for Internet Gaming published in July 2021. The big market day launch is expected for late 2021, and it will include sports, fantasy sports, esports, betting exchange, and novelty.