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Port Edward Island and the First Nation Mikmaq Confederacy deal investigated
Friday February 13,2015 : CALLS FOR ABORTIVE ONLINE GAMBLING DEAL IN CANADA TO BE INVESTIGATED
Port Edward Island Auditor General will be asked to carry out an enquiry into the Mi'kmaq Confederacy deal.
A failed million dollar deal last year between the Canadian provincial government of Port Edward Island and the First Nation Mi'kmaq Confederacy, with the goal of establishing an online gambling licensing jurisdiction, is to be investigated, according to local media reports.
The provincial government's public accounts committee voted Thursday to ask the Auditor General to investigate the agreement, which has resulted in an alleged million dollar prejudice to the provincial government.
Questions surround a decision by Finance Minister Wes Sheridan to provide a million dollar loan to the Confederacy as seed money for the project. When the project failed, the Confederacy declined to return the money, saying it was only responsible for paying the money back once the plan started to generate revenue, which never happened
Sheridan exacerbated the situation by declining to reveal the size of the loan, saying only that it was less than a million dollars.
Opposition leader Steven Myers, a member of the public accounts committee, said this week:
"It's quite a tangled web the whole e-gaming thing. I'm not sure if we've ever gotten a straight answer from Wes Sheridan and I'm not sure if we ever will.
"But the truth is out there somewheres, and it's high time that we start trying to dig in and find out what that truth is. There's a million dollars that we know about for sure that's gone."
Auditor General Jane MacAdam is not bound by the committee's request. Her office can also investigate any program without being asked.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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