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Lottery Cheif Says Online Gambling Way To Go
2/22/10 - It appears that moves to get into online gambling by British Columbia, Quebec and the Atlantic provinces in Canada have stimulated some fresh thinking in Toronto, too.
This week the Toronto Star reported that the new Ontario Lottery and Gaming Corporation chairman Paul Godfrey has recommended that the province takes another look at offering Internet gambling as potential revenues slip away to rival provinces.
"When you see what's going on in British Columbia, Quebec and the Atlantic provinces ... it's something I would explore," Godfrey told a news conference Friday as he took the helm of OLG, previously wracked by scandals over expense accounts and insider wins (see previous InfoPowa reports).
"Money is going out of this province to other provinces as well as offshore sites," he said.
The OLG has undergone an extensive restructuring, starting at board level with five new members appointed by Ontario Finance Minister Dwight Duncan. The moves have triggered speculation that the government may be looking to privatise the company, which contributes Cdn$1.9 million to provincial coffers annually.
However, Godfrey insisted that such a strategy was not a "front burner thing" and the decision would rest with the government.
Godfrey said he can't "un-ring" the damage of past scandals but he intends to "build back the public trust" in the Crown agency, where Internet gaming could be one of the options to boost profits for the cash-strapped province, which faces a record deficit of Cdn$24.7 billion this year.
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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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