OLG STATEMENT REGARDING ANTI-MONEY LAUNDERING REVIEW IN BRITISH COLUMBIA
TORONTO, ON – OLG takes the integrity of gaming seriously. OLG has confirmed with B.C. and Ontario regulators that Great Canadian is not under a criminal or regulatory investigation in British Columbia or Ontario for illegal activity involving money laundering. OLG is satisfied that Great Canadian (as part of Ontario Gaming GTA LP) will fulfill the opportunities in the GTA Gaming Bundle in a responsible way.
OLG undertook an open, fair and competitive procurement overseen by a Fairness Monitor in the selection of OGGLP as the service provider for the GTA bundle. In order to maintain the integrity and independence of procurement, the Province does not play a role in any of OLG's procurement processes, including selecting the service provider for the GTA. Any regulatory or criminal investigation, sanctions or charges against Great Canadian would have required disclosure to OLG under our procurement process.
Like any gaming operator in Ontario, Great Canadian is registered with the Alcohol and Gaming Commission of Ontario (AGCO). AGCO performs extensive and independent due diligence into current and past business conduct before registering any gaming operator. In addition, AGCO examines a gaming operator’s ability to act in accordance with the law, with integrity, honesty, and in the public interest.
OLG is working closely with BCLC, our counterpart in B.C., as well as regulators to exchange current information. OLG continues to monitor developments in B.C. and if other issues arise, OLG will respond accordingly.
OLG is the Ontario government agency that delivers gaming entertainment in a socially responsible manner. OLG conducts and manages gaming facilities, the sale of province-wide lottery games, PlayOLG Internet gaming, the delivery of bingo and other electronic gaming products at Charitable Gaming Centres and is helping to build a more sustainable horse racing industry in Ontario. Since 1975, OLG has provided nearly $47 billion to the Province and the people of Ontario. These payments to the province support the operation of hospitals, amateur sport through the Quest for Gold program, local and provincial charities and problem gambling prevention, treatment and research.
All for Here – 100 per cent of OLG’s proceeds are invested in Ontario
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