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SINGLE EVENT SPORTS WAGERING COMING TO CANADA?

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."



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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