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11/18/09 - The president of Loto Quebec, Alain Cousineau, revealed in a speech to the Montreal Board of Trade on Tuesday that his organisation is about to make a bold move into online gambling, at least as far as online poker and sportsbetting is concerned.
The Canadian Press reports that as early as next summer, the company will be offering its clients online poker and sports betting. Loto-Quebec plans to collaborate with the lottery corporations in five other Canadian provinces that already offer online services, specifically British Columbia and the four Atlantic provinces.
The news agency reports that studies show that in 2009, online gambling represented a worldwide market of $25.3 billion - a 300 percent increase since 2004. In Canada, annual growth of 30 percent has been recorded since 2003, and analysts expect online gambling transactions to surpass $1 billion a year by 2012.
Over $80 million in what it terms 'illegal transactions related to online gambling' have been evaluated, the report claims.
Cousineau revealed that Loto-Quebec has already asked the province to make the necessary regulatory changes to allow Quebec to enter the online gambling market.
Revenues from land casinos, lotteries and video lottery terminals in Quebec have levelled off for several years.
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Gambling News :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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