'We are missing out': As another Super Bowl passes, calls to punt single-game betting ban are getting louder
When the Kansas City Chiefs and the Tampa Bay Buccaneers square off this Sunday in the Super Bowl, many in the Canadian gambling industry will be hoping it’s the end of an era. The hope is not that Bucs quarterback Tom Brady rides off into the sunset after winning another championship, but rather that the National Football League finale is the last one played with Canada’s ban on [...]
LeoVegas Goes Live with Pink Casino Brand in Canada
Pink Casino Makes Its Mark on Canada LeoVegas continues with the expansion of its Pink Casino brand across Canada bringing local players a world-class gaming and entertainment experience, the company announced in a press release on Monday. This is the first time Pink Casino has ventured in North America and launched beyond its home bastion in the United Kingdom. Nevertheless, LeoVegas alre [...]
B.C. Lottery Corp. urges Canadian Govt. to legalize single-game sports betting
The British Columbia Lottery Corporation (BCLC) is urging the Government of Canada to allow single-event sports bets. Players are currently making single-event sports bets on websites operating illegally in B.C., as PlayNow.com is the only regulated gambling website in the province. Therefore, legalizing single-betting would create a new suite of legal sports-betting opportunities [...]
Panel Examines State of Canada’s Sports Betting Landscape
After failed efforts to launch single-game, Las Vegas-style sports betting that stretch back for decades, Canada could be on the verge of mirroring the U.S. That was the sentiment of an iGB “Canada’s PASPA Moment” webinar panel of experts on Thursday. Canadian gaming law attorney Ron Segev said that unlike in previous attempts, this time a cabinet minister is leading the effort with a bill [...]
Could TheScore Bet be Heading to Canada
The plans are in Canadiana Parliament’s works to legalize single-game sports betting in the country. Since the 1990s, Canada has had legal sports betting, but only parlay betting in the country. The country up north has also seen a monopoly in the sports betting industry as one or two sportsbooks are operating in each province. With Canada’s possibility of expanding its sports betting [...]
Reuters: Online Gaming Attractive for State Governments in Need of Tax Revenue
States that have legal online gaming and mobile sports betting have reaped the financial tax benefits of such internet gambling during COVID-19. The pandemic could entice new states to authorize online betting platforms. In Reuters’ latest “Breakingviews” column, Hong Kong-based economic columnist Katrina Hamlin says shutdowns of commercial land-based casinos resulted in steep tax [...]
Flurry of M&A Activity Redefining the Online Gaming Market Landscape
NEW YORK, Dec. 15, 2020 /PRNewswire/ -- It's been a wild and crazy year for the online gambling industry, especially with the rise in demand coming from a shift in traffic away from attending brick-and-mortar casinos towards players participating on their mobile devices from the comfort of their own homes. In particular, many online poker and online casinos are up triple digits since Oct [...]
HeadsUp Entertainment to Enter the Regulated Canadian Online Sports Betting Market
LAS VEGAS, Dec. 21, 2020 /PRNewswire/ - HeadsUp Entertainment International Inc. (OTCPINK: HDUP.PK) announces today its strategic plan to enter the regulated sports betting market in Canada. In November 2020, the Canadian federal government introduced a bill (C-218) to the House of Commons that, if passed by both House and Senate, would legalize single-game sports wagering within the c [...]
2021 Expected to See Opportunities Climb for Online Gambling Stocks
NEW YORK, Dec. 31, 2020 /PRNewswire/ -- Gathering restrictions have hit casinos hard in 2020, including in Atlantic City, where the city's nine casino operators reported a $89 million drop in profits during Q3 2020. According to data from New Jersey gaming regulators, the jurisdiction is embracing online gaming to help offset the tax revenue losses from these land-based casinos. Atlantic City [...]
2020 Has Set the Online Gambling Industry Up for Exponential Growth in 2021
NEW YORK, Dec. 4, 2020 /PRNewswire/ -- 2020 was a rough year for nearly everyone, but not for the world of online betting. As the pandemic confined millions of people to their homes on nights where they would otherwise be going out in search of fun and excitement, many turned to online gaming. While traditional in-person casinos felt the pain, online betting platforms have surged [...]
An Updated Legal Structure Helps Expand Online Betting Options
NEW YORK, Feb. 3, 2021 /PRNewswire/ -- Two major segments of the online gambling industry are online gaming (i-gaming) and sports betting. Both have proved to be a pandemic proof segment. The sports betting segment in particular has benefited from a continuously improving and friendlier legal infrastructure. For example, a report by the Chicago Sun-Times indicated that New Jersey gambl [...]
Canadian Bill On Single-Game Sports Betting Tabled Until After Christmas
While Canadian gaming advocates have been pleased with the rapid developments in legislation on single-event sports betting in recent weeks, supporters of a closely watched bill will have to wait until after Christmas for political leaders to complete a key procedural step. On Friday, members of the House of Commons of Canada adjourned for the Christmas break without hearing debate on [...]
Canada: A Winning Hand? Combined Changes To Gambling Industry Could End Canada's Drift
In a landmark announcement, the federal government has signalled the birth of a modern sports betting industry in Canada. New legislation has the potential to unlock the billions in gaming revenue currently being generated in the "grey market". What you need to know After a decade of calls for gaming law reform, the federal government has proposed to decriminalize single event sport b [...]
BCLC calls on Canada to legalize 'single-event' sports bets
The British Columbia Lottery Corporation is urging the Government of Canada to allow single-event sports bets. Players are currently making single-event sports bets on websites operating illegally in B.C., as PlayNow.com is the only regulated gambling website in the province. As a result, legalizing single-betting would create a new suite of legal sports-betting oppor [...]
Regulated online sports wagering could open door for M&A and dealmaking: BLG
A federal proposal to decriminalize single-event sports betting, along with Ontario’s plans to launch a regulated online gaming and gambling marketplace, will likely increase merger and acquisition activity and other dealmaking, lawyers at Borden Ladner Gervais say. “The reality is, at the end of the day, governments know that billions of dollars are being spent by Canadians now to [...]
At 7.91% CAGR, Online Gambling Market Size Worth $77.42 Billion By 2026 says Brandessence Market Research
Pune, India , Dec. 29, 2020 (GLOBE NEWSWIRE) -- The global demand for online gambling market in terms of revenue was worth of USD 45837.26 million in 2019 and is expected to reach USD 77420.56 million in 2026, growing at a CAGR of 7.91% from 2019 to 2026. The online gambling market is expected to grow at significant growth rate due to number of driving factors. The study provides a cr [...]
Houston Curtis: How I Got Banned For Life From The Golden Nugget Casino In Las Vegas
In 2007 I was in Las Vegas all week with my entire production crew filming episodes for The Ultimate Blackjack Tour. We were shooting at The Venetian, which was also where I was staying. Now, normally I didn’t play at The Venetian, but since I was shooting there anyway, I found my way to the blackjack tables the night before we were set to tape our first episode. I didn’t even have [...]
A Casino In Kapolei? New Proposal Would Allow Limited Gambling
Building a casino in Kapolei is the Department of Hawaiian Home Lands’ latest idea to get more revenue to the cash-starved agency. At a meeting that begins Monday, the Hawaiian Homes Commission is scheduled to consider a legislative proposal that would allow gambling in Hawaii, but only for the limited purpose of casino gaming and only on DHHL land in Kapolei. The proposal is being put for [...]
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