User online using laptop to make bets

Solutions for the iGaming industry

Unlock the full potential of your iGaming venture

The iGaming industry in Canada is not only rapidly expanding — it’s ripe with opportunities. Whether you’re launching a new business or scaling an existing one, MNP’s iGaming Services deliver the insights, strategies, and solutions you need to power your success in this fast-paced market. 

Your challenges

Licensing and regulatory compliance

Obtaining an iGaming license in Ontario goes beyond paperwork — it requires navigating a complex regulatory landscape. Operators must comply with rigorous standards from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario (iGO), including anti-money laundering protocols and responsible gambling measures.

Digital advisory

The high volume of financial transactions and the increasing threat of cyberattacks make cyber security a top concern for iGaming businesses. Many operators face challenges in safeguarding user data and adhering to strict regulations, which are essential for maintaining trust and avoiding legal consequences. 

Governance and risk

Effective governance is critical for the success of any gaming operation, yet many businesses lack a defined board mandate and independent oversight of management. In turn, this can lead to a lack of accountability and sub-optimal performance.  

Finance and tax

The complexity of revenue streams and business processes in the iGaming sector can be overwhelming. Many operators struggle to optimize these systems due to limited understanding and training, resulting in operational inefficiencies. 

How we can help 

Licensing support

Securing an iGaming license doesn’t have to be overwhelming. MNP offers step-by-step guidance through the entire application process, from preparing your documentation to ongoing compliance advice, to ensure your business is set up for success.

Regulatory compliance management

Staying compliant is about more than checking boxes — it’s about understanding the regulations inside and out. Our advisors offer in-depth regulatory knowledge and readiness assessments, so you can be confident that your business is prepared before you apply for your license.

Comprehensive AML services

Our AML professionals work with you to develop and maintain an AML compliance program that’s tailored to your business and in line with regulatory expectations, including FINTRAC and iGO. We offer a full suite of services, including program development, compliance effectiveness reviews, AML gap assessments, compliance support, and regulatory examination preparation, leveraging our experience with regulators to support your needs.

Learn more

Governance and risk solutions

Don’t let enterprise risks keep you up at night. Our team strengthens your business resilience with customized solutions, from internal audits to tech risk management. We’ll help you develop a comprehensive incident response plan, assess third-party risks, and ensure your reporting meets SOC standards and internal controls reporting as required by iGO. By identifying gaps in your controls and security, we can audit their efficacy to keep you compliant and secure.

Enterprise resource planning (ERP)

Don’t get overwhelmed by revenue streams and business processes. Our team can help you make sense of the complexity by conducting a comprehensive system assessment, identifying an appropriate ERP platform, configuring and testing systems, and providing personalized employee training to keep your business running smoothly.

Cyber security solutions

Protecting your online gaming platform from cyber threats is critical. Our advisors offer advanced cyber security solutions, including identity verification tools and secure data channels, to make sure your platform is safe, your data is protected, and your players are secure.

Assurance and accounting support

Feel secure in the quality of the financial information you rely on. Regular audits are key to maintaining compliance and operational integrity. We provide comprehensive audit services to identify and rectify any gaps in your processes, helping you document and solidify your operations to meet regulatory standards.

Personalized tax services

We can help simplify your tax needs, whether you’re looking at Canadian or international tax, indirect tax, Scientific Research and Experimental Development (SR&ED) claims, or transactional tax. Together, we can develop tailored solutions that align with your business goals, making sure you stay compliant and maximize your tax opportunities.

Land-based casinos 

As modern gaming continues to evolve, land-based casinos face unique challenges and opportunities.

Whether you’re expanding into the online gaming space or looking to optimize your existing operations, our experienced advisors offer tailored support to help you navigate regulatory complexities, improve your operational efficiency, and drive growth. 

From compliance to financial planning, our team is here to make sure your land-based casino thrives in today’s market. 

 

Companies we’ve supported

Bet 99 logo     Canadian Gaming Summit   Jackpot City Casino  Mohegan Gaming & Entertainment  

 

Rivalry  Sean Tepper    Unibet

Frequently asked questions

 

Contact our iGaming advisory team

Reece Hiland , CPA, CA

Partner, Assurance & Accounting

647-943-4048

1-877-251-2922

[email protected]

Mondiu Jaiyesimi , CAMS, CAMS-Audit, FIS, CBP, MSc. Economics

Senior Manager, AML Regulatory Compliance and Forensics

647-475-4500

1-877-251-2922

[email protected]

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