Alain Cousineau, the current Loto-Québec CEO, said in a speech to the Montreal Board of Trade last year, "Casino operations require a large workforce," "We work in a saturated and almost mature market where operational costs rise more quickly than revenue."Our biggest challenge will be to maintain profit margins without sacrificing service quality because we are in the field of entertainment where customers want extraordinary experiences." Loto-Québec has a request into the government for approval to get into online gambling in a partnership with B.C. Lottery Corp. and the Atlantic Lottery Corp.

The other organizations have been dabbling in online gambling offering sports betting, bingo and lotteries. The partnership proposes going the one step further by offering larger stake ventures like casino action and poker. This is a huge political leap for authorities in Canada because politicians don't want to been seen as promoting gambling. It is estimated that Canadians spent $675 million on online gambling in 2008 and that number is expected to grow to $1 billion by 2012.

Michael Lipton, a Toronto based gaming law lawyer said it was important for the agencies to collaborate in order for them to be competitive with the existing online gaming operations located in Mohawk territory in the province of Quebec. The B.C. Lottery Corporation's initiative is well on it's way to becoming a reality. It is rumoured to have made a deal with British based Orbis Technology Ltd. for it's software requirements as well has having a business model for it's regulatory framework, notably the Alderney jurisdiction. To be really viable a larger customer base has to be established and a partnership of the three organizations would benefit all of them. If Mr. Cousineau manages to get approval from the political authorities it is speculated this would be a great achievement for the CEO. Making online gambling work in Canada may be a step in the right direction for future revenue sources which British Columbia defines as progress.

 

 

 

 

 

 

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The Canadian Institute's 5th Annual Legal and Business Guide to Gaming in Canada conference is coming to Toronto, Ontario, Canada in the spring of 2010. The conference will provide much needed knowledge in the ever changing developments in the Canadian gaming industry. The Canadian gaming industry operates in an environment where changes in the regulatory framework, technologies and business trends are constant and fast. If you are a professional in this field, it is critical for you to understand the developments and changes to manage compliance, foresee risks and limit possible pitfalls. Having the essential tools and insights will keep the business competitive and make the gains so often associated with running an efficient online gambling firm. Gaming lawyers, regulators, lottery and casino executives and gaming equipment and software manufacturers will all benefit from a comprehensive list of speakers. Topics include, balancing the risks and opportunities of operating online gaming operations in a grey regulatory environment, strategies for adapting to the latest legal and regulatory developments in land-based gaming operations, minimizing your exposure and liability to problem gambling lawsuits, exploring the opportunities in Aboriginal gaming and understanding how you can be part of them, and overcoming obstacles and anticipating the trends in sports betting. There is also a pre-conference workshop on "The Fundamentals of Gaming Law in Canada" giving everyone interested an opportunity to network and discuss problems with industry professionals with experience in the field.

The Canadian Institute operates as a think tank, monitoring trends and developments in all major industry sectors, in the law, and in public policy, with a view to providing information on the leading edge. Headquartered in Toronto, The Canadian Institute produces over 180 events a year, and for over 20 years, The Canadian Institute's conferences, summits and executive briefings have provided the business intelligence that Canadian decision makers need to respond to challenges and opportunities around the world.

 

 

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A new system for the online gambling authorities is about to be unveiled at the show of all gambling shows coming soon to London. The IGE-ICEi is going to be a bang up event with many of the latest changes having their debut. One of the most successful jurisdictions, the States of Alderney will be showing off it's more useful changes made to the licensing regime. A framework that is more in tune with what is going on in the rest of the online gambling universe. Alderney's commitment is to making it's system of regulations a more compatible one that allows for the inclusion of other frameworks

The modular system is the basic model, which allows operators to custom build with just their particular requirements. This way of building a company has allowed firms to save costs and therefore be more competitive. The Alderney jurisdiction has possibly the lowest fee structure of all the regulated jurisdictions. These changes are going to allow Alderney to keep that reputation.

Robin Le Prevost, Alderney’s director of eCommerce Development, said, "However well thought through, a significant revision of the licensing legislation fills you with some trepidation as to how it will be received," adding, "But I think we can say, even though it is early days, [that] the new scheme seems to have hit exactly the right note, and enquiries and applications have shown a significant increase." He went on to say, "2009 continued a pattern of growth for Alderney as a jurisdiction, but was a difficult year for some - especially the new start-ups, but one can sense a new energy and we are very much looking forward to 2010." Some of the changes are in keeping with the usual technical advances in the cyber world, the advent of cloud computing being one of them.

 




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Just nine months ago a new chief executive officer was installed in Malta's online gambling licensing and regulatory body. The Lotteries and Gaming Authority (LGA) of Malta has a sterling reputation as one of the most respected jurisdictions in the world. Reuben Portanier says it has 335 gambling operations in it's portfolio that is continually growing. The Sunday Times newspaper recently was granted an in depth interview with the new CEO who thus far has maintained a presence generally below the radar of media attention. 

In the interview Portainier took the opportunity to sell the jurisdiction and to mention that fourteen members of it's 52 strong staff, which includes certifiers, auditors, and legal experts will be present at the upcoming IGE and ICEi conferences coming soon to London U.K. He also mentioned that despite a slow down in the economy Malta's online gambling industry still looks strong and enjoys a positive outlook. Two hundred and fifty operators of online gambling establishments own the three hundred and thirty five granted licences representing as much as 19 million euros in gaming revenues for Malta which has increased from 15.9 million euros the previous year. This upward trend is expected to continue Portainier explained. This will be the seventh time that the LGA will participate in the ICEi event pointing out that at least half of the entire exhibition space will be occupied by the companies that are licensed in the Maltese jurisdiction.

Portanier also pointed out in the article, "Maltese audit firms, real estate agents, telecommunication providers, law firms and other operators will attend. International participants will include the industry's top operators, regulators, and service providers, The entire i-gaming ecosystem will be present under one roof; delegates are able to visit several jurisdictions without having to travel extensively.
It is important that operators seeking to establish their business in Malta have full visibility of what the local business environment is like. They usually seek information about the tax regime and business friendliness; 95 percent of the queries are technical or legal, but others focus on issues like property prices and the crime rate."

 

 

 

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Tell Gaming the online gambling company, has recently announced they will introduce a new poker site offering long time players a portion of the actual company. Players who enjoy the site will receive as a bonus 'ownership units' of the firm which can be maintained by the player even if Tell Gaming grows or merges with other gambling companies. Profits from the company will be distributed to the customer as long as the firm remains solvent. This unique idea gives players a chance to gain real equity in Tell Gaming while enjoying casino games and poker.

Twenty percent of Tell Gaming is owned by it's most loyal customers already who received a dividend payout split among them of as much as 30,000 euros. The announcement that an additional five percent of the company is still available has created a buzz in the ranks of the busy poker players on the site.

Tell Gaming's marketing manager, Thomas Jonsen, said, "We're grateful to our players and rewarding them with a stake in our company is something we are very passionate about, and we hope to pay an ever higher dividend to our players within the next 12 months, as Tell Gaming continues its expansion."
Tell Gaming was created in 2006 a number of enthusiastic Swedish players. The concept was to make an exciting gaming site that favoured many winners. Tell Gaming realized there customers were the most important factor for the continued existence of the company, and decided that rewarding loyal players with equity in their company would keep those players coming back for more action. Not only does Tell Gaming distribute shares in the site but it also offers a live poker school where players can ask questions and learn the skill of poker playing from Andreas Hurtig, a poker pro and mathematics whiz on the game's finer points while following a live cash or tournament game in real time.

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Considered by many to be the "The Godfather of Poker" Doyle Brunson for more than 30 years has been the poker pro. The story teller has just published an autobiography delivering a very interesting read about the characters involved in the game and the passion with which it is played. The book demonstrates the psychology of devoted players and the codes of conduct they live by. Brunson grew up on a cotton farm in Texas and was a high school and college athlete of some note. He earned a master's degree in administrative education and business administration. He took a job selling Burroughs' business machines and while trying to flog one to a pool hall he found a poker game in the back room. "I sat in and cleared a month's salary in less than three hours," wrote Brunson. "I didn't need one of Burroughs' machines to tell me those numbers didn't add up. So I quit."

Mr. Brunson has had a variety of things happen to him in his life that he writes about with certain enthusiasm. He at one time organized Bible study classes that drew high-stakes players away from their big games. He built a Christian television station and even helped fund an archaeological expedition seeking Noah's ark, and along the way he became a student of the Scriptures. This book is a collaboration that took over five years to complete with Mike Cochran, a respected Texas journalist, who has known Doyle since their college days together. Las Vegas-based Cardoza Publishing Co. acquired rights to Brunson's first book, which was re titled as "Doyle Brunson's Super System". Cardoza became the original publisher of "Super System 2," a sequel with additional authors discussing newer games, and three other books by Brunson. Avery Cardoza is thought to have published more gambling books than anybody else in the world. "I wanted to do it because it would be a landmark book about one of the most interesting men of the century, a link to the bygone days of wild west poker," he said, "The story of modern poker pretty much follows the story of Doyle Brunson. He was important to the World Series of Poker; he was important to online poker. In fact, if Doyle didn't get born, modern poker doesn't happen."

 

 

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The current sports minister for the UK, Gerry Sutcliffe has recently announced new regulations for the online gambling industry. His government feels that the offshore gambling operators aren't contributing enough to the countries tax base and wants to change that.

Land based Bingo operations have been outspoken about the need for change with their argument being that they are taxed high at 15 percent and have to submit to rules that offshore operators do not. The new regulations as suggested will level the playing field in the bingo industry having offshore operators pay their share. A collective effort is to be made to bring these two sectors together in order to find finding for research and education for those who are vulnerable, those who have problems with gambling, and to protect the youth of the country. All these things have been funded by the land based groups with little or no input from the offshore gambling industry.

The new regulations are aimed at restricting advertising by online out of country outfits who have enjoyed a free ride in the U.K thus far. Without advertising in the U.K. offshore gambling will not be able to maintain a competitive edge or develop larger customer bases. A few U.K. book makers have already left the country to find the greener pastures in Europe where the taxes are less and regulations fewer. They have been essentially raiding the consumer base without having to contribute financially to the U.K. something that the new rules will put an end too, licences will be required to advertise in the U.K. Most insider believe this move will shake up the online gambling industry in Europe with the possibility that an argument will come from them via the European Commission. It is expected that the new regulations in the U.K. may violate E.U. rules of free trade within the union causing more debate and discussion.

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The state Senate Regulated Industries Committee is scheduled on January 19th 2010 to receive a report prepared by the Florida state legislature's Office of Program Policy & Government Analysis (OPPAGA) reviewing the regulations both good and bad of the online gambling industry. Florida's need to meet it's budget shortfalls prompted the review by the organization which began it's study last year. Legislators in Florida's house of representatives looked at the content in the report which contains advantages and disadvantages of the current regulatory status. State priorities are being considered by officials that must decide whether to stay with the federal level regulations which are at this stage in debate or to be proactive and make their own rules for internet gambling and in particular poker on the web. Law makers in Florida realize that should they choose to ban all forms of online gambling in the state, enforcement becomes an issue with it's own complexities and costs. Today the people of America already gamble online and playing poker on the web is a major past time of many Americans. Considering the amount of revenue that could be generated by the regulation of the games, Florida would do very well to at the very least allow online poker to be legal in the Sunshine State. It will be interesting to see whether the review has come to any new conclusions as to the financial benefits of regulation than previously stated: "...at this time no objective estimates exist to assess potential state revenues." The Poker Voters of America organisation estimated that as much as $90 million a year could be had from legalised online poker. This is a debate that is raging on in many parts of the USA where lawmakers have come to see that the money spent online gambling is going to companies that are operating offshore where there is no local benefit to be gained.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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The Betting Channel has finally come of age in the U.K. with support from the Satellite Information Services company who are outside broadcast production providers for the British Broadcasting Corporation. Live streaming of the new dedicated multi sports wagering television service will begin via The Betting Channel.tv initially for a few hours a day in the morning six days a week. The channel does have plans to extend the programming to six hours per day. Satellite Information Services will build the technological aspect of the channel while content and scope is expanded by the Betting Channel delivering information to bookmakers and those who want to wager.

Alan Bentley the former Sky Sports and Liverpool TV anchor man has been developing this concept for a few years now. He has, since creating his own production house back in 2001 been dreaming of an online informative and entertaining platform for comment and current updated odds. Bentley co hosts with Simone Thomas the live show from the London studio. Regular appearances by sports journalists including Alan Brazil, The Racing Post’s Mark ‘Couch’ Winstanley and former Arsenal hero Perry Groves are scheduled. This early initiative is just the beginning of the interactive TV Betting Channel with plans for an affiliate program, mobile content syndication, and a upgrade of the channel's web site.

Bentley commented, “After such a long time spent working on this project it’s a very exciting time for the whole team and me personally,” adding, “We believe the immediacy of our offering will prove attractive because punters will be able to obtain continually updated sports news and odds as soon as the news breaks. And by using an internet platform to broadcast we offer an immediate global reach." Watching the Betting Channel grow is going to be an interesting experience for those keeping track of the latest sport betting action. Live and immediate knowledge with opinions from professionals is going to provide bettors with an inside edge.

 

 

 

 

 



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The ever popular PokerStars Caribbean Adventure came to a dramatic end recently with William Reynolds taking home the $576,240 first-place prize money. After taking nine hours to complete the final table Reynolds made the grade over eight other players in the Atlantis Resort and Hotel on the NAPT final table. Nearly $1.7 million USD was at stake and all the final table players were hoping to win it.

Tobias Reinkemeier was the front runner in the crowd at the start with over one million in his kit. Reinkemeier increases his lead after dismissing Dimitry Stelmak in eighth place. Then Matt Marafoti was sent out from seventh place after losing a flip to Reynolds. The remaining six players settled into a quiet ride, until Will Molson challenged Reinkemeier in a sizable prize. Molson held against Reinkemeier saving Molson from his ultimate end and giving him the chip lead.  The leader Reinkemeier lost it in sixth place when his pocket eights ran into Reynolds' pocket kings. Lisa Hamilton and Michiel Brummelhuis fought it out for additional drama, until Hamilton lost to Molson. Adolfo Vaeza busted in third place with Brummelhuis coming in fourth. It was set for Molson and Reynolds to go head to head, the second time for Molson at the High Roller Event.

Bertrand "ElkY" Grospellier took second place at the event last year with a $228,000 prize. This year's second prize was at least a hundred thousand dollars more than that.

Reynolds had the lead when the tournament began with 2.45 million compared with Molson's 1.75 million. It a grand final the two had a massive all in confrontation. The final hand came over three hours after the start of the one on one action. Earning well over half a million dollars Reynolds held his trophy high, noting he had worked hard for the prize and earned the title of the PCA High Roller Event honestly.

 

 

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