Big Savings
Alberta Gaming, Liquor and Cannabis (AGLC) said that the reduction of regulatory red tape by 51% over a five-year period between 2019 and 2024 has made it less expensive for current and future gaming companies to operate in the province, making the sector more profitable across the board.
In a press release, the agency, which is in charge of the iGaming industry in Alberta, said that the removal of nearly 2,500 policies had given casinos more breathing space and has been able to save up an estimated $2.4 million for licensees.
The body has also expanded online raffle opportunities, allowing operators to sell raffles virtually away from venues, which is believed to have raised an estimated $42 million for charities.
In total, the agency estimated that the reduction of these regulatory measures has resulted in savings of nearly $90 million.
A Business-Friendly Environment
Minister of Service Alberta and Red Tape Reduction Dale Nally commented on these reports, saying that they highlight Alberta’s commitment to reducing red tape and to making the province a business-friendly environment. He added that by cutting unnecessary regulatory burdens, Alberta is empowering businesses to grow and, in turn, to boost the wider Albertan economy.
The wider iGaming industry will be focused on Alberta in 2025. There have long been reports that the province is planning to open its doors to regulated operators. Current indications suggest that the province plans to be up and running in time for the new NFL season in September.
The province’s emphasis on red tape reduction will be music to the ears of operators looking to launch in the region. Currently, Ontario is the only province that offers licensing for online casinos in Canada.
