In British Columbia, online gambling has reached new markets, and so new regulations are beginning to take into effect. On December 12th it was announced that a new gambling regulator is said to be taking over the responsibilities of the Canadian province’s version and the Gaming Policy and Enforcement Branch, also known as GPEB. This new body will be named the Independent Gambling Control Office, AKA IGCO.
After the recent changes that were made to the province’s Gaming Control Act, it was clear that a new body will be rebuilt on these changes to better suit the regulatory needs of the state. Especially since the old system was based primarily on the old laws. The main goal of the IGCO will be to supervise the policy matters that relate to gambling and others of its kind. This also includes horse racing, betting machines and more. Responsible gaming programs that work towards safety in online gambling will also be reviewed under the IGCO to make sure they match accordingly to the new guidelines.
Every year, according to the new set policy, the IGCO team will be handing a report on the operations present to a public legislative assembly. They will also be managing their communications with the general public on their own terms to suit better what needs to be revealed to the gambling audiences.
Attorney general, David Eby, explained his work with this new gambling regulator and how it will be good for the overall running of gambling within the province.
Mr. Eby said: “This change will make it far easier to keep dirty money out of our province. It is one of many concrete measures we are taking to disrupt money laundering, which has impacted British Columbians in so many ways.”
Public safety in gambling remains the number one priority, regardless of which regulatory body is taking control.