Ontario iGaming Market Performance
Ontario continues to lead Canada's regulated online gambling market. The latest quarterly report from iGaming Ontario (iGO) shows consistent revenue growth, with operators generating CAD $622 million in the second quarter of 2023, representing a 22% increase year-over-year.
Alberta's Entrance into Regulated Online Gambling
The Alberta Gaming, Liquor and Cannabis Commission (AGLC) has expanded its regulatory framework to accommodate private operators, following Ontario's model. New licensing requirements include enhanced responsible gambling measures and mandatory contribution to provincial gambling harm prevention programs.
Federal AML Requirements Update
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has implemented stricter anti-money laundering protocols for online gambling operators. New regulations require enhanced customer verification procedures and more comprehensive transaction monitoring for deposits exceeding CAD $3,000.