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CEO Says GeoBet Is Legal

12/11/2012 : GEOBET ONLINE GAMBLING LEGAL, SAYS C.E.O.
 
Tribal authority, allied with approval from international regulators, has been obtained
 
Responding this week to a claim by Saskatchewan Liquor and Gaming Authority (SLGA) Minister Donna Harpauer that the Geobet-powered Northern Bear Casino.com was "probably illegal", GEObet chief executive Gerry Gionet challenged the opinion.
 
Gionet said that in addition to operating under the auspices of the Wapi-Maskwa iGaming Act in Canada, the GEObet Tribal Gaming Network had achieved additional licensing from regulated gaming jurisdictions that included Curacao, Malta and Kahnawake.
 
"GEObet has followed every guideline, and has taken every precaution, to ensure that the online tribal casino is a legal entity," Gionet said in an interview with the Indian Country Today Media Network.
 
GEObet is an aboriginal-owned online gaming enterprise based in the Tsuu T’ina Nation in southern Alberta, Canada, and on November 6 this year launched the first online tribal casino in North America - the Northern Bear Casino in Saskatchewan - to allow users to gamble with real money (see previous InfoPowa report).
 
Earlier this month Minister Harpauer told local media that the provincial government would study the formal launch announcement from the new tribal online casino and then consider its options.
 
While the minister did not indicate that any action would be taken following the launch, the Canadian federal government has apparently asked the national Royal Canadian Mounted Police to investigate, according to Indian Country Today.
 
Minister Harpauer's policy appears to be at odds with that of her immediate predecessor in the post, Ken Cheveldayoff, who was widely reported as supporting the idea of regulated online gambling in the province and reaping tax revenues from the business.
 
Northern Bear Casino.com chief executive Bernard Shepherd is also on record as having said: “After almost 20 years of successful First Nations owned and operated [land] casinos in Saskatchewan, I decided to become an owner/operator because I believe First Nations need to ‘Occupy the Field’ of online gambling.
 
“I’ll be operating under the same Inherent, Treaty, Constitutional and Sovereign rights as when I opened the first Indian casino in Canada on February 26, 1993. Our forefathers traded globally 100-plus years ago and entrepreneurship has been in our DNA for 10,000-plus years; this is what November 6, 2012 is going to stand for.”
 
Addressing the question of Canadian government involvement in online gambling, which is provincially controlled and legal in British Columbia, Quebec and (soon) in Ontario, Gionet said that online gambling was a business, not a criminal act.
 
In response to the Canadian government’s derogatory comments concerning the legality of Northern Bear, Gionet said that he intended to ask the government to engage with Minister Harpauer and persuade her to assist and participate in "our economic future and development.”

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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