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Tuesday October 4, 2011 : Amendment to Canada's Criminal Code proposed
Canadian punters have enjoyed legal parlay-style sports wagering for many years, but have been frustrated by limitations that ban wagering on a single sporting event...but that could be about to change, boosting a business that is currently estimated to generate around Cdn$10 billion a year, much of it illegal - only Cdn$450 million is wagered through the currently legal and regulated provincial sports lottery products.
The trigger for this change could be an amendment proposed in parliament this week by Joe Comartin, M.P. for Windsor Tecumseh, who seeks to amend the Criminal Code to permit single-event sports wagering in Canada.
"The reality is that Canadians are wagering on sports predominantly through illegal means, either with bookies or online," claims Bill Rutsey, CEO of the Canadian Gaming Association, in a statement supporting the amendment. "This bill will enable sports wagering to occur in safe, regulated environments."
A review of the annual reports of the Criminal Intelligence Services Canada (CISC) indicates that illegal bookmaking exists in all regions of Canada, with organised crime ultimately profiting from the revenue, says the Association. While the size of the Canadian market is unknown, estimates suggest it is in excess of Cdn$10 billion annually.
The growth in wagering on sports through the Internet has significantly increased over the past decade, with estimates showing that Canadians wager in excess of Cdn$2 billion annually through offshore sports books. Sports books return approximately 95 percent of the wagers to bettor in prize payouts, it asserts.
"The opportunity to offer a true sports book experience in casinos like Fallsview Casino in Niagara Falls or Caesars Windsor cannot be overlooked," Rutsey said. "It will provide tremendous tourist opportunities to those communities, and also ensure that our industry and our provincial governments benefit from any wagers made in Canada."

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Gambling News :

FanDuel adds English Premier League action - Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.

Fortuna Entertainment Group in deal with Czech Football Association - Online gambling operator Fortuna Entertainment Group Nv has announced a sponsorship deal for an undisclosed consideration with the Czech Football Association (FAČR), effective from the 2018-19 season for six years.

Paddy Power and Inspired in Deal - The new agreement sees Paddy Power join a roster of other Inspired HTML 5 clients that includes William Hill, Gala Coral, Bet365 and Betfred.

Martin Crowley DraftKings Collusion Charges Dismissed - Our readers may recall a story that surfaced last month in which allegations were made that there was suspected collusion in a million dollar fantasy sports competition at DraftKings.

BeBetway British Horse racing Authority Authorized Betting Partner - Online gambling operator Betway has become the latest bookmaking firm to agree to voluntary payments over the next three years to the British Horse racing Authority in return for accreditation as an Authorized Betting Partner.

Coral Q4-2016 earnings reports - Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.

Unibet in cooperation with - Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).

Kiron Interactive in deal with Digitain - The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.

2016 World Poker Tour-best bet Bounty Scramble - That calmness and discipline not only kept Panzica in the game, but began to grind down Malones advantage, aided by some fortunate double up opportunities.

GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 - Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”

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