In Canada, Ontario’s Alcohol and Gaming Commission has begun a regulatory review of Great Canadian Gaming Corp. This action follows several ongoing probes of alleged money laundering at its flagship River Rock property in Richmond, British Columbia.
Ontario is in the process of expanding and privatizing its casino operations, and Great Canadian, which already operates five casinos in the province, is a major bidder for at least one of the provincial government’s so-called “gaming bundles.”
Changing Ontario’s gaming regulations will ultimately allow private casino companies to own and develop properties in specific regions of the province.
A recent report by the Royal Canadian Mounted Police (RCMP) focusing on British Columbia casinos concluded they may not have done enough to prevent money laundering and thus facilitated the alleged laundering of drug money and financing of terrorism.