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.
As we mentioned earlier, in a narrow decision, the Supreme Court of the United States has ruled in favor of sports betting, allowing states to legalize gambling on football, baseball, basketball, and other individual events. Everyone is paying close attention to the Canadian gambling scene. It seems that Canada is turning the other way. Businesses and organizations promoting gambling as a commercial activity have earned a great deal more money last year. Their profits are expected to grow in the future.
It is not a new thing that online gambling plays a huge role across the Province of Quebec. During the past year, the revenues coming from online gambling reached no less than CA$118 million. This economic growth could be noticed in all business sectors, being a positive change for the current situation in Quebec.