AGCO Releases Proposed Revisions to Registrar’s Standards for Internet Gaming
The AGCO released proposed revisions to the Registrar’s Standards for Internet Gaming on August 29th for stakeholder input. The Ontario gaming regulator is targeting October 31 deadline for grey market online gaming operators to complete their transition into the regulated market.
The AGCO has also submitted new proposed requirements for live dealer games. They would add new technical requirements for the operation of the live-dealer games related to the security of the physical equipment used in the games.
Comments must be submitted through the AGCO’s iGaming Engagement Portal by September 19th.
iGaming Ontario also released revenue numbers for the first 3 months of launch. A full release of numbers can be found here.
iDEA has engaged with AGCO/iGO and government agencies throughout the process and continues to reach out on issues of shared industry concern.
While the revenue numbers for Ontario are lower than what the industry/public may have expected, we are told that the government views them very favorably based on their expectations.
Key factors include that several of the larger brands which had an existing Ontario customer data base did not launch until the latter part of first quarter.
The belief is that channelization rates will grow significantly over Q2 and Q3 as the market matures and more companies become fully approved.