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ONTARIO OUTLINES SIX YEAR ONLINE GAMBLING PLAN

03/12/2012 :   Cdn$1.3 billion a year could flow to provincial coffers
 
Monday's press conference arranged by Ontario provincial officials to discuss internet gambling  attracted a good turnout of media representatives, who heard that the province's Liberal government has decided to go ahead with ambitious plans for expanded gambling - both online and on land - in a six year plan that could raise Cdn$ 1.3 million in provincial tax revenues.
 
Dwight Duncan, the provincial Finance Minister, said that a "socially responsible and secure internet gaming site" run by Ontario Lottery and Gaming will be online by 2013, to help counter money lost to increased competition through offshore internet gambling sites, which have siphoned off about Cdn$400-million from Canadian punters.
 
Ontario Lottery and Gaming chairman Paul Godfrey briefed reporters on changes to provincial laws that will allow Ontario residents to buy lottery tickets online and at their local Wal-Mart and play the odds at a new Toronto-area land casino under a six-year plan to boost gambling revenues for the cash-strapped province, which is facing a Cdn$ 16 billion deficit this year.
 
Godfrey revealed that the government is considering the closure or relocation of "underperforming" land gaming facilities in favour of opening new ones closer to potential customers, and expand slots beyond racetracks.
 
On the chopping block is a revenue-sharing agreement with racetracks that gives them a cut of the land casino slot profits, amounting to Cdn$ 345 million a year. The horseracing industry has warned the move will put thousands of people out of work.
 
Ontario needs to modernise gambling because offshore internet gaming websites and plummeting U.S. traffic are taking a toll of OLG's revenues - Cdn$2 billion of which goes to the province each year, Godfrey said.
 
He said the new measures will bring in an extra $4.6 billion over six years, create 2,300 new jobs in the gaming industry and another 4,000 service industry jobs at hotels, restaurants, entertainment and retail industries.
 
Minister Duncan emphasised that the plans were focused on job creaion and modernisation: "It's about jobs, and it's about updating a Crown corporation that - as we pointed out - has a strategy that was designed in the early 1990s in a very, very different world."
 
The OLG also plans to expand private sector involvement by having private operators run all its facilities, take over the remaining 4,000 gaming employees who still work for OLG and finance its expansion from 27 facilities to 29 by 2017-18. Private sector assistance would be sought for the new land casino in the Greater Toronto Area and perhaps in Ottawa, Godfrey said.
 
OLG officials said 26 communities have already expressed interest in hosting a new casino.
 



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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