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Canadian casino operators Want Review Of Canadian SportsBetting Law

Friday September 11,2015 : CANADIAN PROVINCIAL GOVERNMENTS LOSING OUT ON BETTING OPPORTUNITIES
 
Access to internet betting has made changes to the law necessary.
 
The commencement of the NFL season in the USA has triggered a fresh plea by Canadian casino operators for a review of Canada's federal Criminal Code, which places constraints on operators, including a rule banning bets on the outcome of a single game.
 
Operators say that provincial governments which control regional gambling, and casinos are missing out on significant revenues spent by Canadian punters, who are turning to more appealing opportunities on the internet - typically with offshore operators.
 
The restrictions imposed by the Criminal Code mean that gamblers using provincial betting services have to wager on at least one other game, increasing the odds against winning...yet no such restraint applies to internet sites run by operators outside Canada, where single game bets can be placed through desktop and mobile channels, with some apps readily available locally.
 
Speaking out against the status quo, Canadian Gaming Association vice president Paul Burns commented this week:
 
“The Canadian casino operators and lottery corporations can’t offer that [single game] product, but Canadians still have access to it through the Internet. Because of the Internet, sports betting is a global business.”
 
Burns went on to claim that approximately Cdn$4 billion a year is gambled on the Internet by Canadians, whilst just Cdn$500 million was spent on Canadian-legal sports lottery products offered by the provinces. That means that provincial governments are losing out on revenue-sharing deals and tax receipts, because most of the money is flowing overseas, he said.
 
“Why not allow for Canadian operators to fight for some of that money to allow the benefits to stay in Canada?” he asked.
 
Overall Canadian gambling revenues amount to Cdn$16 billion a year, of which Cdn$8.7 billion goes to federal, provincial and local governments and various charities, according to the Association.
 
Operators and many Lower House politicians are still frustrated by the Senate's defeat of a private members bill seeking to allow single game betting which enjoyed wide commercial and political support.
 
Bill C-290 received overwhelming approval in the Commons in 2012, but ran into opposition and interminable delays imposed by some Senators, which ultimately strangled it.
 
Legal observers appear to agree that the Criminal Code is in need of review as the popularity of sports betting continues to grow, saying that some of its provisions are out of date and out of step with today's commercial realities and consumer demand.
 
Gambling online is growing, and consumers are receptive to new products such as fantasy sports and eSports betting, they point out.
 
Answering an enquiry from a Canadian publication this week, Ontario's finance minister Charles Sousa said that the province would welcome federal changes permitting single game betting and would deploy it if approved.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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