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Canadian Gambling Slightly Down
New statistics on gambling from Statistics Canada reveal that a decline in gambling in the country - the first in sixteen years - has taken place. Revenues from government-run gambling fell slightly to $13.67 billion in 2008 from $13.70 billion the year before, a decline attributed to adverse economic conditions.
Commenting on the decline, Garry Smith, a gambling research specialist with the Alberta Gaming Research Institute, opined that problem (addicted) gamblers were largely responsible for insulating the industry from the worst of the recession. He estimated that as much as five percent of the adult population has a gambling problem, ranging from mild to severe, but this demographic contributes at least one-third of overall gambling revenues and even more to slot machines and video lottery terminals.
"It's not a recession-proof industry," Smith says. "(But) if you're an addict, you're still going to play and I guess that's one of the reasons it stays up there. Most industries drop significantly; gambling has levelled off and dropped a bit, but not that much."
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Statistics Canada found wealthier households are more likely to gamble than their poorer counterparts, with 34 percent of those with incomes of less than Cdn$20 000 playing games of chance in 2007, compared to 58 percent of those making Cdn$80 000 or more.
The latest numbers from Statistics Canada show that the poorest households devote 1.7 percent of income to gambling, compared to just 0.4 percent in the richest households.
Gambling News :
Day 2 of the MPNPT Tallinn Main Event -
Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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