Online gambling is one aspect of the industry that’s growing at a rapid rate worldwide. An uncountable number of people around the world are involved in it, making it worth millions in the global industry. Despite this wide popularity, there are still certain countries who are not open to online gambling in their borders. Canada is one of these countries. Although Canada does not completely outlaw all types of betting, the betting options are limited, with many rules placed on the betting industry within the borders especially in Sports betting.
Possible New Investigation Due To Alleged Partnership Of Canadian Casino Company With Gambling Tycoon
It has been reported that a tycoon based in Hong Kong who has been suspected of having links to several organized crimes in Macau Casino is in partnership with Great Canadian Gaming a B.C based casino, in a new casino venture in South China. After an investigation and interview with several members of the Great Canadian company, it was revealed that one of the richest men in Hong Kong prior to his death Cheng Yu Teng was also a key factor or player for the casino ship which is referred to as “China Sea Discovery”.
Quebec has been planning on banning gaming websites run by international gambling operators for a while now. But it seems like the law hasn’t been in the province’s best interest, rejecting the government’s proposition as soon as it has reached court. The intention was to prevent users from accessing sites that were not run by the state gambling corporation, and thus decrease any competition Loto Québec might have been subjected to. The court has however ruled against it, claiming the intention was an unconstitutional one.
Ontario Lottery and Gaming Corporation (OLG) and Gateway Casinos and Entertainment LTD have signed a Casino Operating and Services Agreement (COSA) available for a long period, more specifically, 23 years. In accordance with the agreement, a renowned company offering gaming entertainment in Western Canada bought the Central Gaming Bundle’s assets but also took over Rama Casino, a clever move part of an expansion strategy.
The CPP Investment Board, a Canadian Crown corporation, decided to join forces with sports gambling data firm Sportradar, a Switzerland-based company that provides sports federations, media outlets and bookmakers with technology solutions and accurate data for gambling purposes. Carsten Koerl, the founder and CEO of this multinational corporation that not only understands but knows how to leverage the power of digital content and sports data, has a value of approximately $2.4 billion US.