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Can you summarize Ontario Lottery and Gaming Corporation Act, 1999, S.O. 1999, c. 12, Sched. L?
Ontario - Consolidated Laws > Ontario Lottery and Gaming Corporation Act, 1999, S.O. 1999, c. 12, Sched. L
Short Summary
The Ontario Lottery and Gaming Corporation Act, 1999 (OLG Act) serves multiple purposes. It aims to enhance the economic development of the Province of Ontario, generate revenues for the Province, promote responsible gaming, and ensure actions taken are in the public good and the best interests of the Province. The Act defines key terms and establishes the Ontario Lottery and Gaming Corporation as a corporation without share capital. The Corporation operates as an agent of Her Majesty and has the powers and limitations of a natural person. It is responsible for developing, organizing, conducting, and managing lottery schemes, operating gaming sites, and supporting live horse racing in Ontario. The Act outlines the authorization process for gaming sites and the transition of the Horse Racing Partnership Funding Program to a grant program established by the Minister. The Corporation’s powers and activities are subject to certain limitations, such as obtaining approval for acquiring or disposing of real property, borrowing money, and operating a pari-mutuel system of betting. The Minister of Finance may guarantee loan repayment on behalf of Ontario. The Act does not specify any exemptions or penalties. Overall, the Ontario Lottery and Gaming Corporation Act, 1999 establishes the framework for responsible gaming, economic development, and the operations of the Ontario Lottery and Gaming Corporation in the Province of Ontario.
Whom does it apply to?
The Ontario Lottery and Gaming Corporation Act, 1999 applies to the Ontario Lottery and Gaming Corporation (OLG), its board of directors, employees, and individuals or entities involved in lottery schemes, gaming sites, and related activities in the Province of Ontario.
What does it govern?
The Ontario Lottery and Gaming Corporation Act, 1999 governs the operations and activities of the Ontario Lottery and Gaming Corporation (OLG). It establishes the framework for the development, organization, and management of lottery schemes, gaming sites, and related businesses in the Province of Ontario.
What are exemptions?
The Act does not specify any exemptions.
What are the Penalties?
The Act does not specify any specific penalties for non-compliance or violation of its provisions.
Jurisdiction
Ontario