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Ontario Online Gambling Could Generate 100 Million
December 10, 2011 : Internet operations will be phased in next year as planned
The Ontario Lottery and Gaming Corporation published its Request for Proposals as expected Friday amid predictions that the provincial government could benefit by around Cdn$100 million in tax revenues over a five year period.
OLGC estimates put the amount wagered over the internet every year by Ontarians at Cdn$ 450 million.
The Request for Proposals invites interested internet gambling companies to step forward with their proposals for operating the new program, and will be thoroughly adjudicated, says lottery spokesman Tony Bitonti.
"We want to . . . get this right the first time,” he told the Toronto Sun Friday, explaining that the aim is to start phasing in online gaming next year, boosting the $1.9 billion annually that OLG pumps into provincial coffers from its lotteries and casinos.
The OLGC has been studying the online gambling industry over the past year in preparation for its internet gambling initiative, a strategy that is already working successfully for the British Columbia and Quebec provinces.
Responsible gambling tenets and effective measures to stop underage gambling and money laundering or other organised crime activity will be government priorities on the provincial internet casino site.
Bitonti said precautions would include features such as “self-control options that pop up on the screen” asking gamblers if they are playing too much, and possibly online chats with counsellors.
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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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