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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.

BofogLife SportsBook

B.C. Lottery Corporation vice-president of corporate affairs Kevin Gass told “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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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

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.

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