QUEBEC CABINET APPROVES ONLINE GAMBLING FOR LOTO
5 February 2010
New venture will be based on Swedish model
The intention of the Loto Quebec board to expand into
online gambling, along with two other Canadian
provinces, (see previous InfoPowa reports) took a step
closer to fruition this week with the news that the
provincial government cabinet has approved the project.
Quebec Finance Minister Raymond Bachand said online
gambling is already widespread and government coffers
could benefit from what is a growing market. He added
that he expects the province to receive around Cdn$ 50
million in dividends from Loto-Quebec's online venture
after three years.
Loto-Quebec hope to offer a
regulated alternative to the unregulated web-gambling
market, said CTV in a news report.
Swedish Svenska Spel model, the online site will include
safety features to prevent underage gamblers, offer self
exclusion and limit deposits, according to CTV.
Loto-Quebec is partnering with the BC Lottery
Corporation and Atlantic Lottery Corporation in the
The CTV report claims that Cdn$ 675
million was wagered online by Canadians online in 2008,
and that it is estimated that the number could reach Cdn$
1 billion by 2012.
The new service is expected to
be online by this fall, and plans to include online
poker and sports betting sites on the Internet.