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ONLINE GAMBLING THE ANSWER FOR SASKATCHEWAN FIRST NATIONS?
Saturday June 18 2011 : Declining revenues call for alternative revenue streams
The call by Saskatchewan First Nation tribes for the legalisation on online gambling in the Canadian province has been given added momentum this week by the release of statistics showing a decline in revenues at Indian land casinos.
Revenues declined for the second consecutive year, requiring the Saskatchewan Party cabinet to approve a Cdn$46.3-million payment to the First Nations Trust, down from Cdn$48.2 million last year.
The money is allocated using a formula based on the projected profits of the Saskatchewan Indian Gaming Authority (SIGA) and government-owned Saskatchewan Gaming Corp. land casinos.
Ken Cheveldayoff, the minister responsible for both First Nations and Metis Relations and Saskatchewan Gaming Corp., said there was a slight decline in the government's projections and a larger drop in SIGA's numbers.
Cheveldayoff said the trend may indicate a need to "revitalize" the gaming industry in the province with new revenue streams from fresh machines and Internet gambling.
The minister revealed that although the number of customers to land casinos in the province has remained the same, individual spend had decreased.
"Gaming is an industry that you totally have to be on top of at every opportunity and refresh games wherever necessary," the minister said this week.
"We've got the whole idea of online gaming. We know that's increasing and taking some market share. We're going to have to look at that even closer," he said.
The Federation of Saskatchewan Indian Nations have been pushing the Saskatchewan Party government to move forward on online gaming in partnership with First Nations, claiming there is an estimated Cdn$30 million in revenues being lost to internet gambling sources outside the province.
The provincial government has promised to investigate the possibilities of introducing internet gambling, as has already been done in other Canadian provinces like Quebec, British Columbia and (next year) Ontario.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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