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The transition period for bookmakers in Ontario to switch to the regulated market ended yesterday, October 31, according to a statement from the Alcohol and Gaming Commission of Ontario (AGCO). The deadline was set in order to provide sportsbook operators time to get licenses, enabling them to engage in business on the regulated market and to allow unlicensed operators to withdraw from it.
What's Next for Unlicensed Bookmakers?
Those who are still operating illegally may now face legal action from the AGCO. When the organisation amended its Registrar's Standards for Internet Gaming, it announced that a notice period would be offered to assist those who were still adjusting to the regulated market. The most significant adjustment was made to standard 1.22, which was changed to establish the October 31 deadline for the transition period.
Yesterday also signalled the start of the enforcement of several other standards, such as standard 4.09, which calls for gaming systems to be installed and maintained in a manner that ensures the security and safety of the users. This is one of the first significant events in Ontario's regulated online betting industry, which began operations on April 4 of this year and a remarkable moment for Canadian bookmakers.
