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CANADIAN RACETRACKS LOSE CDN$ 200 MILLION TO ONLINE GAMBLING

Jane Holmes, a spokesperson for the Canadian horse racing firm Woodbine Entertainment Group, outlined the competitive impact of online gambling this week in an interview with the Toronto Sun newspaper in which she claimed that the racetrack is currently losing almost Cdn$ 200 million a year to what she termed "illegal" online gaming. 
 
Whilst Ms. Holmes may need to refresh her memory on the legality of online gambling in Canada, it was an interesting interview giving an alternative persepective to the impact of Internet gambling in Ontario.
 
Holmes says there is very little her company can do to compete: "It continues to be a challenge," she says of the horse racing industry's efforts to stay viable.
 
Perhaps unwittingly admitting to one of the positive features of competition from a player angle, Holmes told the newspaper: "The illegal Internet gaming does have an impact. If we don't offer customers exactly what they want, they have so many opportunities to get around us and bet offshore. It is a huge impact. It's not just horse racing wagering. Some people have moved to online poker. Most people think it is kind of legal here, but it isn't. It's just that nobody enforces it."
 
Holmes argues that part of any money wagered at her firm's racetrack goes back into the industry. When it is wagered offshore, "...the race tracks and horse people don't get any revenue from that. It doesn't generate jobs here. It doesn't contribute to the economy."
 
"Fifty percent of the commissions we make is put back into purses," she claimed. "If you start losing handle and wagering, it affects the purses and the revenues the owners make and it has a spin-off effect on the jockeys and everyone else right back to the agricultural community. We estimate illegal internet gambling takes away about Cdn$ 200 million annually from our handle [Cdn$ 866 million - ed] at Woodbine."
 
Holmes explains why Internet gambling is such a formidable competitor, saying that online betting can offer better takeouts to customers because it does not have the huge infrastructure that tracks such as Woodbine have to pay for. Racetracks also can't do some of the things offered on the Internet.
 
"We can't compete with them because, if we did, we'd lose our racing licences," Holmes says. "It's illegal. We can't offer the same opportunities."

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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