Senate has now eradicated Bill C-290. This bill which was agreed by the senate and the House of Commons claims that betting sites would be allowed to legalize the betting of a single outcome event. The bill was first initiated by Windsor New Democrat MP Joe Comartin in 2012 who was the Minister of Federal Justice. It was later to be seconded by Conservative MP Rob Nicholson. It would later emerge that no one went against it and it went through unopposed.
The fact that bettors could merge two events and wage on them made Americans cross the border to Canada to have this opportunity and due to this two betting sites namely; Casino Niagara and Caesars Windsor took the chance to initiate the service for the incoming American visitors. In turn the process would generate huge revenue for the government as well as creation of job opportunities for the Canadians.
Moreover, the provincial governments have initiated a plan where they would deter the acquisitions of cash to organized crimes that is emanating from the unlawful betting on sports.
It has been claimed by the Canadian Gaming Association that more than $40 billion has been conducted via online or by individuals for the last three years since the this bill was passed by the senate in 2012. The CEO of Canadian Gaming Association Bill Rutsey claimed that the stories have been highlighted several times by the media. He gave an example where a police officer was detained when he involved himself with mafia bookmaker on illegal betting. He added that there was evident co-operation between Hells Angels and the Platinum Sportsbook bust from Super Bowl 2013. By this he meant that the beneficiaries of the illegal betting is not the government but rather gang sections as well as offshore operators and these don’t have a regulatory licenses to operate.
Implying on these happenings, the senate would have rather voted for the bill which has foreseen the government lose a lot of revenue from taxes and this would lower the economic growth of the nation. Generally it was a wrong idea for the senators who in turn should not be elected back to the parliament come the elections.
This article is published in: Sports Betting
Tags: CGA, Legislation, tax
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