Torstar introduced Monday it intends to launch an online casino betting model in 2021 pending approval from the Alcohol and Gaming Commission of Ontario.
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Toronto Star proprietor Torstar to launch online casino in 2021
Torstar intends to launch an online casino betting brand in 2021 pending approval from the Alcohol and Gaming Commission of Ontario to assist fund journalism.
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Torstar introduced Monday it intends to launch an online casino betting brand in 2021 pending approval from the Alcohol and Gaming Commission of Ontario.
Torstar is getting into the web gaming market.
The company announced Monday it intends to launch an online casino betting brand in 2021 pending approval from the Alcohol and Gaming Commission of Ontario.
"As an Ontario-based media business and trusted brand for greater than 128 years, we consider Torstar will present a singular and responsible gaming model that creates new jobs, presents progress for the Ontario economy, and generates new tax income to assist help necessary packages in our province," stated Corey Goodman, Chief Corporate Development Officer at Torstar, in a press release.
At current, the Ontario Lottery and Gaming Corporation is the only operator no deposit no rules bonus authorized to supply online gambling in Ontario.
But the Ontario authorities promised to open up the market to personal operators in its most latest budget, enacting laws that provides the Alcohol and Gaming Commission of Ontario the authority to concern licences to non-public companies.
"We want to ensure the brand new market is well represented with a Canadian, Ontario-based mostly gaming model in order that extra of our players’ entertainment dollars keep in our province," said Paul Rivett, Chair and co-proprietor of Torstar.
"Doing this as a part of Torstar will help assist the expansion and enlargement of high quality neighborhood-based journalism."
In a press release, Torstar announced it has assembled an "iGaming team" to head its expansion into the market.
The workforce includes Gil Steinfeld, a advertising strategist for a number of U.S.-based gaming operators; Don Bourgeois, former General Counsel for the Alcohol and Gaming Commission of Ontario; and Jim Warren, president of Riseley Strategies Inc., a Toronto-based business consulting agency.
Rivett stated the gaming site will embrace casino video games and sports activities betting.
- Dec 31, 1969
"We want to offer on-line gaming in an affordable and responsible approach," he said.
"It’s one thing that, if executed responsibly, permits individuals to partake in their form of recreation and entertainment without making bad decisions."
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