Ontario’s New Online Mobile Casino RegulatorDavid Burgundy | 15 Jul 2021
Ontario has let it be known that it has appointed Torstar Corporation as the regulator for all online and mobile casino services in the province. The Canadian mass media company is primarily involved in publishing daily and community newspapers but is expanding its reach.
The firm will be joining the brand-new market in Ontario by launching its own online casino. Single-sports wagering will be possible when its digital platform launches during the fourth quarter of 2021.
The new regulator’s first plan of action was to congratulate the Ontario local government for taking such quick action. The gaming expansion legislation, which will affect the whole country, will soon be written into law and now Ontario is prepared.
The Safe and Regulated Sports Betting Act, Bill C-218, got introduced in 2020. Its purpose was to remove the prohibition on single-event betting in Canada. It’s a long-awaited update for registered members of online mobile casinos and bookmakers.
Bettors prefer wagering on the sports events they’re actually interested in as opposed to what was permitted. Parlay betting on at least two games was the rule.
The new entity is officially named iGaming Ontario and will function as a subsidiary of the province’s Alcohol and Gaming Commission.
Jordan Bitove is the co-owner of Torstar Corporation and is very happy that Bill-218 is finally getting passed. He stated that he’s proud to be in charge of support and regulating the burgeoning market which will look after players’ safety and ensure responsible gaming practices are being followed.
Staying Safe Online
John Boynton, the Vice-Chairman and co-owner of NordStar Capital, Torstar Corporation’s parent company also weighed in. He said that he’s excited about offering bookmaking services in the newly regulated space. He mentioned that the first-rate sports coverage by the firm’s experienced journalists would be a great addition to its online sportsbook when it opens up.
Paul Rivett, Chairman and co-owner of the company, stated that he believes that properly regulated sports betting is the best way forward. He said it will stop bettors and players from pouring money into the pockets of international bookmakers and online mobile casinos and will see revenue for Canadians instead. Education and health care are at the top of the list and total safety and security a matter of course.