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ONLINE GAMBLING PLANS FOR CANADIAN LOTTERY
The intention of the British Columbia Lottery Corporation to enter the online gambling arena by March 2010 has resurfaced in the Canadian media following last week's announcement that it is to increase its wagering limit from $120 a week to $10 000 a week.
Critics of the lottery's plans claim that the significant increase is designed to better accommodate forthcoming online gambling on Internet casino-type games.
One columnist - The Colonist - noted this week: "British Columbia does not want to be left out in the cold when it comes to the millions of dollars that are being generated at online casinos. That is why the B.C. Lottery Corp. plans to begin offering online casino games by next March.
"The move is creating much controversy, especially since the PlayNow website, which is operated by by the B.C. Lottery Corp., has announced plans to up the gambling limit. It is clearly a move in preperation of the new casino games."
B.C. Lottery Corporation CEO, Michael Graydon said: "Rather than [online gambling revenues] all going to offshore places like Antigua, there's an opportunity to keep it here in British Columbia."
Media reports indicate that the Liberal BC government introduced online lottery sales in 2007 with a wagering limit of $70 a week to protect BC residents from the risk of addiction and serious financial losses. Since then the limit had been upped to $120 a week, and now to $10 000 a week....all without further research into the implications of such a move.
A B.C. Medical Association report on addictions this year found some 33 000 British Columbians have a severe gambling problem and another 128 000 have moderate problems with gambling. That number more than doubled between 2002 and 2005, as the government rapidly expanded land gambling in the province.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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