ALDERNEY REGULATOR ESTABLISHES TIES WITH ONTARIO REGULATOR

02/02/2012 : ALDERNEY REGULATOR ESTABLISHES TIES WITH ONTARIO REGULATOR
 
Memorandum of Understanding signed with Canadian provincial authority as plans to licence online gambling gather momentum
 
When Canada's most populous province, Ontario, becomes the nation's third to licence online gambling later this year, the Alderney Gambling Control Commission will have a foot in the collaboration door following a Memorandum of Understanding signed this week with the Alcohol and Gaming Commission of Ontario.
 
The MoU provides for the exchange of information, cooperation during investigations and inspections where appropriate as well as developing initiatives in the areas of common standards, requirements, testing protocols and other matters that will enhance integrity, consumer protection, public confidence and anti-crime measures, according to a joint statement from the parties.
 
The agreement with Ontario is the latest in a string of such arrangements which the AGCC has signed with regulators in Denmark, the state of Nevada and the Kahnawake Gaming Commission, and this latest collaborative concord will make AGCC regulatory experience available to the Ontario Lottery and Gaming Corporation which will oversee the regulatory process.
 
The Canadian provinces of British Columbia and Quebec already have well-established online gambling regulatory systems.