AGCO fined another operator

AGCO fined another operator

Summary:

Unibet has been fined CA$48,000 by the Alcohol and Gaming Commission of Ontario for failing to comply with the province’s standards for internet gaming. The company published and broadcasted ads in May stating that they offer generous welcome offers. Operators in the province are not allowed to advertise bonuses, credits, or sign-up inducements.

The Alcohol and Gaming Commission of Ontario is keeping a close eye on the province’s brand-new and regulated online gambling model. Unibet has been fined for violating the province’s strict rules regarding advertising and inducement. The operator will have to pay a fine of CA$48,000.

The internet gambling and sports wagering model was launched in Ontario on April 4, 2022, after many years of efforts from the local governments. Over 46 operators and 27 digital sportsbooks have been registered by the province since the launch of the market, which is operated by the AGCO and its iGaming Ontario subsidiary.

There were violations of Provincial Protocols

The AGCO imposed a CA$48,000 fine on Unibet for failing to comply with the province’s standards for internet gaming. PointsBet Canada, BetMGM, and DraftKings have all been fined by the regulators over the course of the last few months.

The company published and broadcasted ads in May stating that they offer generous welcome offers. Operators in the province are not allowed to advertise bonuses, credits, or sign-up inducements. Such promotions can only be marketed on their official website or by contacting a customer directly, but not to the public.

Tom Mungham shared a few words on the fine in a press release from the regulators. He said that the commission expects all registered operators to achieve and maintain high standards of responsible gambling, as well as player protection and game integrity. The market will be monitored by the regulators for any violations.

There have been previous rule-breakers

DraftKings was the most recent operator to be fined by AGCO. The sportsbook was fined CA$100,000 in June 2022, for violating the standards of internet gaming. In May, the company is said to have promoted boosted odds for hockey matches during the NHL playoffs.

BetMGM and PointsBet Canada have also been financially punished by the iGaming Regulator of Ontario. BetMGM was fined CA$48,000 because they failed to comply with Standard 2.04 and 2.05. The second one was advertising a CA$10 casino bet when placing a CA$25 wager first.

Scott Vanderwel apologized for the misunderstanding on behalf of the company.

Matthew is the author of “Ontario Sports Betting: AGCO Fines Another Operator as Unibet Dinged for Advertising Infractions”