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TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) — The Alcohol and Gaming Commission of Ontario (AGCO) has received the award International Association of Gaming Regulators (IAGR) Regulatory Excellence Award for his work in developing and implementing the regulatory framework for Ontario’s new online gaming marketplace (igaming) which was launched earlier this year.
The honor was announced Oct. 19 at the annual IAGR International Regulatory Awards Gala, A Boost for Collaboration: Driving Innovation in Regulatory Practices, in Melbourne, Australia. This award is given for “excellence in gambling policy and regulation recognizing an outstanding contribution and achievement by a regulator in promoting effective and efficient gambling policy and regulation” . Gaming regulation is a complex and distinctive discipline, and the awards aim to recognize teams that have made outstanding contributions and achievements to international gaming regulation. The AGCO played a key role on a large team led by the Ministries of Attorney General and Finance to develop a strong and responsible online gaming model to combat the illegal market.
“This award recognizes the exceptional skill, commitment and energy that has been required from the AGCO team to launch a new regulated gaming marketplace in Ontario, particularly in the midst of the COVID-19 pandemic. 19. This achievement would not have been possible without our partners at the Ministry of the Attorney General,” said AGCO Registrar and CEO Tom Mungham. “Prior to the launch of the new competitive igaming marketplace last April, Ontario residents bet significant sums each year on igaming websites with limited consumer protections and responsible gambling measures. Many players who accessed these sites were unaware that they were in fact unregulated. We are honored to be recognized internationally for our efforts to serve the people of Ontario.
“Congratulations to the AGCO team on their well-deserved award for regulatory excellence,” said Attorney General Doug Downey. “My team has been honored to work with AGCO to develop a strong, responsible and competitive online gaming model that effectively combats the illegal market, attracts investment and creates good jobs.”
“On behalf of the IAGR Jury and Board of Directors, congratulations to the Alcohol and Gaming Commission of Ontario,” said Jason Lane, IAGR President and Award Judge. “The depth and breadth of regulatory reform, coupled with detailed evidence of improved implementation of the new licensing regime, made AGCO’s appointment a landmark.”
The AGCO’s igaming framework developed in Ontario is the first of its kind in Canada, meeting the province’s unique legal obligation to conduct and manage gaming, while creating a competitive market to bring private operators (and their players ) in the regulated sphere.
Throughout the development of the regulatory framework for gaming, the AGCO worked closely with a wide range of stakeholders – including policy, legal and communications teams from the Government of Ontario and community experts responsible gambling, sporting integrity and anti-money laundering – to ensure that the Ontario market is attractive and competitive while setting high standards for responsible gambling, players and integrity of the game. The result is a strong and balanced regulatory framework, evidenced by the number of operators and providers that have already entered the market or are currently in the process of applying, as well as by the comments received by industry and consumers in the first months after market launch. .
For more information :
AGCO Communications[email protected]416-326-3202
ABOUT THE AGCO
The AGCO is responsible for regulating the alcohol, gaming, horse racing and cannabis retail sectors in Ontario in accordance with the principles of honesty and integrity and in the public interest.
The AGCO is a regulatory body with a Board of Directors reporting to the Ministry of the Attorney General. The agency was created on February 23, 1998. It is a legal person under the Alcohol and Gaming Commission of Ontario Act, 2019.
Source: Alcohol and Gaming Commission of Ontario