According to the Attorney General, Ontario is getting ready to improve and make changes to its gambling legislation within half a year. Having taken into account the locals’ opinion, Ontario’s lawmakers are giving updates on the gambling industry regulations in the province.
Three weeks ago, Ontario allowed private enterprises and third parties to become parties of the gambling industries. Luckily, Woo casino opened its doors last year and is now providing trusted and respected online services for all Canadians to gamble and have a good time. With new gambling regulations in Canada, online gambling has become better than ever.
At the same time, Ontario is working on a bill that allows making single-event betting in the whole country. However, politicians are concerned about how to protect the players and casinos and how to prevent possible money laundering and are now working hard on the question. The lawmakers are also expected to decide the role of the private enterprises in the gambling industry in Canada.
Ontario’s lawmakers are currently waiting for federal authorities’ decision to keep working on the matter. The ultimate goal of Ontario is to finish modernizing the gambling industry with new regulations by the start of winter.
Canada has created a legal database in the gambling industry, and private companies are eager to launch their online betting services. The politicians are trying to develop the best approach for regulating the industry and new private companies in it. The lawmakers are also selecting the categories of bets that will be possible and whether existing gambling establishments will be able to offer their services on the internet.
Gambling Modernization Is Not Easy
Ontario’s lawmakers are working hard to develop and sort out the details of a new law on gambling regulation. The Attorney General has stated that they are intended to listen to the public and that people’s opinions will help to develop the protection plan. Money laundering is another big problem in the gambling industry, and politicians are finding ways to prevent it. The role of private companies in the gambling industry after modernized legislation becomes effective is still unclear.
The Attorney General of Ontario is sure that the province’s politicians should not wait for the federal decision but should continue developing new regulations on the local level. He has also announced that the new rules will be finished by the end of autumn or the beginning of winter.
Ontario politicians are working not only with the public but also consulting with the experts in the gambling industry who can give an impartial assessment of the situation. The ultimate goal of the lawmakers is to provide the best online regulations for private companies and parties who want to launch online casinos.
Another important topic for Canadians is the possibility of single-event betting. The idea is popular with the citizens and seems to be supported by lawmakers. This law has not been adopted yet, but last month the House of Commons has approved the bill, which makes it more realistic to be approved and implemented.