ORC Permits Horse Racing Access Agreements
The Ontario Racing Commission (ORC), one of the main gambling authorities in Canada, recently issued an official notice to the gambling industry in the region, discussing alterations that will soon be put into practice in an effort to comply with requirements as specified by the Canadian Pari-Mutuel Agency.
The Canadian Pari-Mutuel Agency is the organization that is responsible for providing gambling agencies with betting permits. The Ontario Racing Commission has been working towards authorizing horse racing betting post the month of March in the city.
As a result, the ORC has permitted individual horse people who have been licensed by their organization to use Canadian horse racing access agreements with licensed racetracks. The purpose of this authorization is to comply with the Canadian Pari-Mutuel Agency's rules on betting supervision.
Now that the new agreement has been instituted, horse racetracks in Ontario will be able to be within the rules and regulations by making contractual agreements with licensed organizations of horse people and with individuals as well.
These access agreements have been recognized by the Ontario court system in an official capacity and are considered to be the proper methods of compliance with the Canadian Pari-Mutuel Agency.
New Regulations Now in Effect
The newly authorized regulations were fully brought into effect with the beginning of the year 2012. They were instituted to take effect on the 1st of January and those horse people and horse racing organizations authorized by the provincial racing commission who can show evidence of an agreement are allowed to continue betting practices.
However, it must be noted that although the ORC has been allowed to operate as per the Racing Commission Act of 2000, there is no standard system to approve organizations and people under that law.
The ORC began to take measures to address this issue in the fall of 2011, after it had consulted with the CPMA and set about a process to issue licenses to organizations and associations involved with horse people.
The only issues raised in regard to this was whether the Ontario Racing Commission would in fact be able to issue enough licenses to the horse people organizations which would be required to comply with the specified CPMA regulations within the deadline.
It is estimated that the ORC acted out of a sense of duty to make sure that the horse racing industry continued to thrive while also taking the responsibility to protect the welfare of horse race bettors, horse race organizations and horse people.
