On March 9, 2023, the Board of Directors at AGCO shared the commencement of a search for fresh leadership by way of a new Registrar and CEO. This decision follows the present CEO, Tom Mungham's plan for departure by the close of this year. Gaming Mungham has officially stated his intention to retire as head of AGCO at the conclusion of 2023, closing a 33-year-long journey in Ontario's public service. Before stepping into the CEO and Registrar role in 2020, he served in several capacities at the province’s gambling oversight body, including as Chief Operating Officer and Director of License and Registration.
AGCO Searching for New CEO
Last update: May, 2024
During his time leading AGCO, Mungham facilitated various efforts to modernize regulations in Ontario, notably the growth of land-based casinos and the approval of OLG lotteries. Additionally, he'll be remembered for leading successful efforts to rejuvenate the market, which relaunched smoothly on April 4, 2022, already yielding impressive figures.
Mungham will Stay in the Role Until his Successor is Found Ontario’s online gambling In a public address from AGCO, the board’s chair, Lalit Aggarwal, affirmed that Mungham will maintain his current responsibilities while a fitting successor is sought. online gaming are looking promising in the province.
Aggarwal remarked, 'For over 33 years in public administration, Tom committed himself to serving Ontarians. Prior to his AGCO tenure, Tom was a part of the Ministries of Correctional Services and Solicitor General and later the Ontario Provincial Police (OPP).'
AGCO's Board extended commendations to Mungham for his achievements during his 17 years with the regulator, as well as his leadership as the head. The declaration applauded Tom for his exceptional stewardship in broadening the agency's reach and spearheading various regulatory modernization projects.
Aggarwal further expressed that the Board graciously appreciates Tom for piloting AGCO's mission with unwavering commitment to respect, accountability, integrity, and public welfare. 'We wish him the absolute best for his next, well-deserved phase,' the chair noted.
One pivotal success that Mungham takes with him is the flourishing online gambling scene. Recent data from IGO (iGaming Ontario) disclosed that the market’s operations leaped by 71% in Q3. Additionally, the Ontario sports wagering sector has amassed CAD 886 million in gaming revenue since its April 2022 inception.
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