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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 :
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.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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