Friday December 19,2014 : ONLINE GAMBLING'S CONTRIBUTION SMALL IN BRITISH COLUMBIA
Parliamentary debate reveals some interesting facts.
In the British Columbia province of Canada, a recent review of the BC Lottery Corporation, and subsequent parliamentary exchanges, has revealed interesting information regarding the province's venture into legalised online gambling.
The exchanges have been focused on what opposition politicians consider to be wasteful spending at the provincial lottery, which also operates the online gambling initiative. Members of the Opposition have pointed to excessively generous separation deals for departing lottery officials, and insufficient supervision of retail ticket sales to minors.
The Corporation's human resources restructure, expected to save C$6.6 million in costs, has turned into a nightmare, the Opposition claims, saying that it has resulted in expenditure of C$25 million, with the provincial finance minister admitting the program is hardly a shining example of management control.
Members have also pointed to the lack of a reasonable return on investment in regard to the online gambling venture, which financial statistics show contributed a bare 3 percent of BCLC revenues despite the passage of five years since launch.
Politicians claim that unlicensed foreign operators still offer more attractive products and promotions, resulting in reduced player interest in the BCLC website.