The Canadian Gaming Association announced earlier this week that it would step up its efforts to combat matters to do with corruption. The International Betting Integrity Association and the organization have signed a Memorandum of Understanding. The association will work with IBIA to develop a framework to protect the Canadian gaming industry because of this collaboration.
The IBIA represents various gaming operators from all over the globe and is a leading international voice on integrity for the regulated betting sector. All is accomplished using its account-based integrity monitoring system, which annually monitors over US$137 billion in wagering transactions. All operators in Ontario must have a license issued by the association. The association is a firm authorized as an independent integrity monitor.
Providing a Safe Industry
Many IBIA members are also members of the Canadian Gaming Association, and the two organizations will now work together in areas of common interest. The two organizations are set to work together to promote the commercial and associated integrity interests of their operator members and establish a thriving regulated betting industry with high consumer channeling rates and consumer, sports, and operator integrity protections.
Khalid Ali, the CEO of IBIA, stated that the organization’s foremost priority is to defend Ontario’s betting market and Canada as a whole. The organization will seek to engage a wide range of key stakeholders on wagering and integrity-related problems, with the CGA playing a vital role in this effort.
The IBIA can detect and report suspicious actions in the wagering market and use detailed market data to investigate and punish instances of corruption when it collaborates with its members. It also organizes educational initiatives to protect athletes and athletic events and assist sports organizations and law enforcement in the fight against fraud and manipulation.
IBIA is one of the few sports integrity committees recognized by the AGCO for Ontario licensed operators, according to Paul Burns, President, and CEO of the Canadian Gaming Association. Burns further reiterated that the association believes that improving its relationship with the integrity monitor is a good step forward before Ontario’s newly regulated iGaming and sports betting sector opens its doors for business.
Possibly a marketing issue
Unfortunately, the province’s new open market for private casino operators prohibits operators from advertising registration or welcome bonuses. Mr. Burns recently gave further light on how marketing will operate. Licensed operators, according to him, can still run special deals on their official websites and offer them to players in their database.
Fresh Additions
The recent appointment of llkim Hincer, Executive Vice President and Chief Legal Officer, Hard Rock International, as Chair of the Board of Directors is another highlight from the Canadian Gaming Association. In addition, the association announced that George Sweny, Vice-President, Compliance, Flutter Entertainment, will serve as the organization’s Vice-Chair.
