Ontario Inching Closer to Online Gambling
11 December 2011
The Ontario Lottery and Gaming Corp. have sent out a request for proposals from online gaming companies to seek help in running an online gambling operation in Ontario. The move could bring in an estimated $100 million over five years and says that $450 million is annually wagered over the web by Ontarians.
There are several provinces already in the online gambling market and according to lottery spokesman Tony Bitonti “we want to . . . get this right the first time.” It is the plan of the OLG to phase in online gambling within the providence starting as early as next year.
OLG promises responsible gambling with features such as self-control options that will pop up asking if they may be playing too much and maybe, according to Bitonti, online chats with counselors. There will also be an age verification system to help control minors coming onto the site.
Not everyone is in agreement however as Progressive Conservative Leader Tim Hudak has said;
“The bottom line for me is (that) trusting Dalton McGuinty with a new revenue source is like giving the keys to the liquor cabinet to teenagers and going away for the weekend. The motivation is going to be to try to find another tool to take money out of our pockets. There’s a product out there that’s successful. How is the OLG going to trump that?”
14 May 2010Canadian Man Pleads Guilty in U.S. Online Gambling Charge
Douglas Rennick, a Canadian man, has pleaded guilty to a count of processing offshore bets of U.S. citizens. Originally Rennick was looking at a charge of conspiracy and bank fraud. He had allegedly laundered $350 million dollars for overseas internet gambling companies. Rennick was indicted in August and on Tuesday entered a guilty plea to the one charge in New York Federal court. Part of the plea was forfeiting $17.1 million and a possible prison term of 6-12 months.Read full article
02 June 2010France to Award 30 Licenses for Online Gambling
Today the government of France approved a new online gambling bill. The bill passed the French parliament by a narrow 299-233 vote. The French will grant only 30 licenses to operate online casinos and poker rooms within its borders. Though it is now official and France says that licenses will be granted in time for the 2010 World Cup, not everyone is excited about the French market.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article