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Gambling: Millions that could be retained leaving the Canadian economy
9/27/09 - The popular Vancouver Sun columnist David Baines renewed his call for online gambling regulation in Canada over the weekend, using the re-launch of the Bodog brand in the Canadian market as a peg on which to hang his appeal.
Baines opined that Canada is losing millions of dollars to offshore gambling operators, a flow that could be kept within the country if the authorities would recognise that the genie is out of the bottle and online gambling is here to stay.
"Insulated from prosecution, Bodog has now joined a host of other offshore Internet gambling companies that are stripping millions of dollars from the Canadian economy every year," writes Baines after explaining how the brand has located in Kahnawake out of reach of Canadian authorities.
"As I argued in my August 21 column, when it comes to Internet gambling, the genie is out of the bottle. There is no sense trying to eradicate it. The most sensible approach is to regulate it. That way, we can make sure the games are fair, operators are of good character, and taxes are collected," Baines continues, adding that moves are afoot in the neighbouring USA to legalise online gambling, which could unlock $63 billion in tax revenues over the next decade.
"It's time that Canadian politicians accepted the reality of the situation and developed similar legislation to gain control over this outlaw industry and capture whatever benefits it can provide," Baines concludes.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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