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IGC CHIEF SPEAKS AT CANADIAN GAMBLING CONFERENCE
4/29/10 - The Gaming Summit in Calgary, Canada and its preoccupation with “the elephant in the room” – online gambling – has continued to attract media reportage.
The Calgary Herald reported that online gambling industry officials emphasized that they would like to see provincial governments move to protect players from unscrupulous sites, as has been mooted by several provinces.
About $1 billion a year is spent gambling online, part of a $30 billion global market -, and most of it goes offshore due to Canadian laws against in-country operators.
John Fitzgerald, the president of online gambling trade association the Interactive Gaming Council, said that while it is legal to gamble online in Canada, it is illegal to operate an Internet gambling site in the country.
FitzGerald added that it was time to change that situation, arguing that legalising and regulating the industry would better protect players.
Side benefits would be employment and tax revenue gains, he said.
"It would create more jobs, more innovation through technology ... and it could create more revenue for government," FitzGerald said.
Alberta provincial regulatory officials are apparently taking a neutral position, saying that the province will not yet follow British Columbia, Ontario, Quebec, the Atlantic Provinces and Manitoba, all of which are considering the pros and cons of entering the business.
"We remain in a monitoring mode," said Lynn Hutchings-Mah, spokeswoman for the Alberta Gaming and Liquor Commission. "It's a decision that would have to be made by the Alberta government."
Paul Burns, of hosts the Canadian Gaming Association said: "We as an industry and government and regulators have to come to grips and catch up and bring in a regulatory environment.”
Gaming online is allowed in Canada if the site is operated by a provincial government lottery agency, Burns said. But so far only a few — including the B.C. and Atlantic lottery corporations — have offered web-based services.
Burns acknowledged that developing a regulatory framework to address internet gambling — and get a share of the revenue flowing out of Canada — will be challenging.
The effort in the United States aimed at banning online gambling through financial measures has failed, Burns opined.
"They're finding it impossible to implement, impossible to enforce. So there are now bills in both houses in the United States looking at how they can regulate it," he said.
All Canadian provinces are trying to develop workable solutions, and legal online gambling based in Canada will be a reality within a couple of years, Burns predicted.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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