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Olympic betting Ban Will Drive gamblers to bet Online
10/9/09 - 2010's Winter Olympics plans for Vancouver in the British Columbia province of Canada include a ban on betting on ice hockey, but a lottery executive says that this will merely direct punters to betting sites on the Internet and outside the reach of Canadian authorities.
B.C. Lottery Corporation vice-president of corporate affairs Kevin Gass told 24hrs.ca: “There’s nothing we can do about that. Those sites operate, there’s over 2 000 casino and sporting bet sites in the world.”
BCLC has the federally granted monopoly on legal gambling in the Olympic province. But the BCLC's six-year sponsorship deal with VANOC (the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games) prohibits it from taking bets on Olympic events via SportsAction retailers and the PlayNow website.
VANOC deputy CEO Dave Cobb said the committee acted on its own to include the ban in the contract.
“(The decision) was ours,” said Cobb. “I would expect that if it wasn’t there, the IOC probably would have raised it.”
Gass said SportsAction grosses $40 million annually and hockey is “a mainstay of our SportsAction menu.” He estimated BCLC would miss out on “several hundred thousands of dollars,” but the deal with VANOC through 2012 is more valuable in the long run.
In August, BCLC increased weekly online betting limits from $120 to $9 999 in a bid to stem the flow of revenue to websites in foreign countries and the Montreal-area Kahnawake Mohawk reserve, which as a sovereign nation licenses and hosts online gambling websites.
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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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