No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
ALBERTA GAMBLING REVENUES RIVAL ENERGY CONSUMPTION
Gambling revenues are fuelling Alberta’s government, with income comparable to both oil and gas.
Residents in the Alberta province of Canada like to gamble, and to a lesser extent enjoy throwing back the odd alcoholic beverage, it appears from recent survey results published by the National Post newspaper this week.
So much so, that revenues from gambling (Cdn$1.3 billion) and alcohol (Cdn$700 million) rival those from energy resources like conventional natural gas and crude oil income.
The newspaper reports that in the current budget year royalties from conventional natural gas are forecast to hit only Cdn$1.9-billion this year - way down from the Cdn6 billion of four years ago. Estimated conventional crude oil income for the year is also projected to reach about the same amount.
The numbers continue a trend from the 2009-10 fiscal year, and as the National Post observes, are part of an intriguing trend in which government income from gambling and alcohol consumption is increasingly rivalling that which it derives from the province’s geological wealth.
“It’s a reliable source [of revenue] and they depend on it. That’s the worrisome thing,” Robert Williams, a co-ordinator with the Alberta Gaming Research Institute, told the newspaper, adding that Albertans are already near the top of per-capita gambling in Canada, spending an average Cdn$951 per person in 2009 - far more than almost every other province. [Ed. note: see following story for Stats Canada numbers]
Revenues from alcohol and gambling are key to social program funding, the report notes, with government income from alcohol going into general revenue for spending, while gambling dollars are allocated to the Alberta Lottery Fund, which then distributes the cash among hundreds of groups and agencies in the province.
“You’ve got a real variety of where the money goes,” said Lynn Hutchings-Mah of the Alberta Gaming and Liquor Commission. “The grants do go back to support a lot of volunteer and community projects and initiatives.”
Alberta faces a record Cdn$4.8-billion deficit this year, and revenues from oil and gas are declining.
Bob Ascah, director of the University of Alberta’s Institute for Public Economics, said low natural gas revenues are part of a new reality in the province, at least for the next few years.
He told the National Post that several factors are driving the decline, including falling conventional gas production and growing shale gas activity in the United States, which has reduced U.S. reliance on Canadian gas.
Ascah said he expects to see Alberta taking a considered look at forays by British Columbia, Quebec and some Maritime provinces into online gambling, along with the possibility that Ontario may also be making such a move. Such a venture could provide much needed new income sources that aren’t tied to volatile oil and gas.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
NJ Warns No Federal Online Gambling Ban -
New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.