OLG Eying Online Gambling in Ontario
Canadian online gamblers many have something to look forward to if rumours regarding the Ontario Lottery and Gaming Corporation's online gambling aspirations and plans are true.
In 2010 the Ontario Lottery and Gaming Corporation (OLG) started working on extending its company brand by branching into internet gaming, with the objective of launching an online gambling arm by 2012.
According to news reports, the OLG is planning to request for proposals formally in an effort to develop its online gambling set up. The Request for Proposals will help it progress and serve as a catalyst for taking the plan forward.
OLG' 5 Key Public Interest Principles
In preparation to add internet gambling to its repertoire, the OLG has decided on 5 key factors it believes will be essential to developing this idea.
These are to promote responsible gambling, making arrangements to prevent gambling sites being accessed by minors, special efforts to protect personal information and ensure game integrity. Last but not least is the plan to support systems that will spot money laundering and other crimes.
The Ontario Lottery and Gaming Corporation is looking to bolster its revenues with an online gambling arm. Canadian Finance Minister Dwight Duncan commented on the issue, stating that $400 million was being spent by gamblers in Ontario at offshore gaming sites. "People want this. People enjoy gaming," he added.
However, Paul Godfrey, who chairs OLG, will be taking his time with these plans. "The provincial agency intended to review best practices around the world before launching its site in early 2012...E-commerce is now part of our everyday lives, from online banking to e-media. OLG needs to be current and to evolve with the changing needs of our customers. It is an inevitable step in the ongoing transformation of the OLG," he said.
The Ontario Lottery and Gaming Corporation is also reportedly planning to support its existing standards and protect internet gamblers from taking needless risks. As part of their plans, it aims to address problem gambling, financial fraud and identity theft.
As part of its new online gambling plans, the OLG will offer internet gaming fans lottery and casino style games. Only players 18 years of age and above will be able to buy lottery tickets and players 19 years of age and above will get to play casino games.
