Ontario's Alcohol and Gaming Commission continues to dominate the state's gambling sector in firm standing. Most recently, AGCO announced that after conducting an audit of the company's Lido Carleton casino, it had imposed a monetary fine of C$227,250 on HR Ottawa LP for violating the registrar's gaming standards.
AGCO is the gaming regulator of Ontario's gambling industry and monitors violations and misconduct in the sector. It allows all casinos on the market to operate in a responsible manner and with integrity, thus ensuring that gamblers in Ontario are protected. It most recently conducted an audit of the Lido Carleton Casino
The audit found that HR Ottawa LP's Lido Carleton Casino violated the Registrar's gaming standards in 36 cases. This led the regulator to issue fines totaling C$227,250 to game property operators. The Company now has the right to appeal this decision separately from AGCO by the License Appeals Tribunal.
According to AGCO, gaming operators provided advertising and marketing materials to individuals participating in their own exclusion programs, failed to implement, comply with and enforce required anti-money laundering policies and procedures, and failed to address concerns identified by internal auditors in time.
But that's not all because the audit found that the casino maintained compliance oversight functions as required, which were not independent of the company's operations. AGCO also reported that casinos failed to adequately protect their gaming systems and data from security vulnerabilities.
Tom Mungham, CEO and Registrar of AGCO, said the committee has the authority and responsibility to ensure that casino facilities operate with honesty, integrity, and public interest. According to him, the fines are intended to push for improvements to all future operations of casinos.
In addition to maintaining the offline gaming industry, AGCO is also looking after the iGaming market in the state that recently opened on April 4, 2022. Not long ago, the commission fined DraftKings for violating the state's internet game registrar standards and standards 2.05, increasing the winning percentage for hockey games during the NHF playoffs.
Prior to that, regulators also fined both BetMGM and PointBet Canada for violating the registrar's standards for internet gaming. BetMGM was fined C$48,000 for failing to comply with standards 2.04 and 2.05. PointBet Canada, on the other hand, was fined C$30,000 for violating Standard 2.05.
BY: 슬롯머신