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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.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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