Time is running out in Ottawa for the senate to act in making the single-event sports betting legal in Canada. The proposal was agreed upon by the House of Commons 3 years ago and has been untouched for the final senate approval.
Parliament will break for summer in a couple of weeks; if the vote is not brought the parliament’s attention prior to the next federal election, which is set to happen early this fall, then this sports betting bill might die off making this whole political process start from scratch.
The spokesperson for Caesars Windsor said that they still hope that the bill will get a vote but it would be a huge disappointment if this opportunity was missed. The exchange right now is favourable but they need something that is different from Detroit casinos which is something they hope will bring in more customers.
The CEO to Caesars Windsor is also the chairperson to the Canadian Gaming Association. He continues to air his views on the importance of Ottawa getting the single-event sports betting bill to be approved.
Things are uncertain and it seems the bill will not be handled before the fall of elections. This is picked from a statement made by Bob Runciman; who is the chair to the committee considering it. He said that it is unlikely that they will deal with the bill before the elections.
Among the departments pushing for this bill to be passed is the Canadian Chamber of Commerce. The CEO to the chamber; Perrin Beatty said that more than $14 billion in a year would be shifted from offshore and illegal wagers placed on sports to provincial taxation and regulation if the single-event betting would be legalized in Canada.
More and more people are disappointed in the slow pace the senate is taking on approving the bill. They are angry that there is no will in doing this and this is a good example as to why people have had enough of the current senate. The bill has been untouched from the time it was passed by the house. This slow pace allows for more money to be channels to crime through the illegal betting going on and could instead be put to better use in the education and health sectors in Canada.
This article is published in: News, Sports Betting
Tags: Legislation, tax
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