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ONTARIO ONLINE GAMBLING VENTURE CONFIRMED
Posted 1/22/11 : Canada's most populous province working toward the launch of an internet gambling venture in 2012
The chairman of Ontario Lottery and Gaming, Paul Godfrey, confirmed Friday that the organisation has been tasked by the provincial government to prepare to enter the internet gambling sector in 2012.
The chairman referred to the major project, which will see Ontario following in the regulated internet gambling steps of Quebec and British Columbia, in a statement on the re-structuring of the OLG management.
He said that the restructuring was intended to not only improve the current efficiency of the agency, but also to meet the needs of a recently expanded mandate from government.
"This renewed mandate includes building towards a 2012 launch of Internet Gaming, a process that will be overseen throughout by the Board's newly struck Social Responsibility Committee," Godfrey said.
"We are working towards establishing both a new channel of business within the agency and a new standard for safe, secure and responsible on-line play within the broader gaming industry. Our intent ultimately is to capture a portion of the half billion dollars Ontario residents send out of the province each year through on-line gaming."
Godfrey named Tom Marinelli for the role of Executive Vice President, Chief Transformation Officer and Chief Information Officer. A longtime OLG veteran, Marinelli has in recent months performed well as Acting CEO. The Board has also appointed Preet Dhindsa, a skilled and experienced manager, as Executive Vice President, Chief Administrative Officer and Chief Financial Officer. Incumbents for other positions such as president and CEO and Chief Operating Officer are still being sought.
The revised management structure will be smaller in its overall number of positions -- down to seven members from ten - but greater in its level of accountability.
It will consist, at its core, of four key officers elevated from the rest - a newly expanded and more complex President & CEO role and three newly created Executive Vice President positions.
“This restructured executive management team with heightened responsibilities will come at approximately the same cost to the taxpayer as the previous structure. Executive 'perks' will be eliminated within this new structure, a decision rendered by OLG even before the recent announcement from the provincial government,” Godfrey said.
Godfrey's statement included some interesting general OLG statistics; he revealed that the corporation employs 18 000 direct and indirect employees work and generates over Cdn$6 billion in revenue annually.
It provides close to Cdn$2 billion to the Ontario province to support hospitals, education, amateur sport, culture and charities, and injects an additional Cdn$1.6 billion into the Ontario economy on an annual basis, including just shy of Cdn$445 million in 2010 alone in support to the municipalities that house its gaming sites and the horse racing industry.
Nearly $200 million more was paid out in commissions to the 10,000 retailers who sell OLG lottery products.
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Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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