ONLINE GAMBLING IS THE WAY TO GO SAYS NEW ONTARIO
LOTTERY CHIEF
26 February 2010
"Money is going out of this province to other
provinces as well as offshore sites"
It appears that moves to get into online gambling by
British Columbia, Quebec and the Atlantic provinces in
Canada have stimulated some fresh thinking in Toronto,
too.
This week the Toronto Star reported that the
new Ontario Lottery and Gaming Corporation chairman Paul
Godfrey has recommended that the province takes another
look at offering Internet gambling as potential revenues
slip away to rival provinces.
"When you see
what's going on in British Columbia, Quebec and the
Atlantic provinces ... it's something I would explore,"
Godfrey told a news conference Friday as he took the
helm of OLG, previously wracked by scandals over expense
accounts and insider wins (see previous InfoPowa
reports).
"Money is going out of this province to
other provinces as well as offshore sites," he said.
The OLG has undergone an extensive restructuring,
starting at board level with five new members appointed
by Ontario Finance Minister Dwight Duncan. The moves
have triggered speculation that the government may be
looking to privatise the company, which contributes
Cdn$1.9 million to provincial coffers annually.
However, Godfrey insisted that such a strategy was not a
"front burner thing" and the decision would rest with
the government.
Godfrey said he can't "un-ring"
the damage of past scandals but he intends to "build
back the public trust" in the Crown agency, where
Internet gaming could be one of the options to boost
profits for the cash-strapped province, which faces a
record deficit of Cdn$24.7 billion this year.
Online Casino News Courtesy of
Infopowa
More news here.
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