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Possibilities for Newfoundland Gaming

Nearly every single region of Canada is in a flux right now over the development and implementation of new online casino licensing laws in the country. The Canadian government has taken a hands off approach to internet gambling regulations for the past several years and thus the Canadian provinces are working together to build a joint regulation structure that will create a strong foundation for gambling in the country as well as send gambling tax revenues into the provincial budgets. Canada has not been exempt from the recession and tough economy and the provincial governments are really motivated by a need for more controlled revenue streams.

The Atlantic Lottery Corporation out of Newfoundland is one of the oldest gambling companies in the country and is owned jointly by the governments within Nova Scotia, New Brunswick, Newfoundland and Labrador. These four provincial governments are discussing the possibility of allowing the ALC online casino gambling licenses that would take the gaming content to a whole new level with more than just lottery games, but also now internet poker and possibly other games of chance. The governments are concerned about the level of illegal online casino gambling in the country from illegal offshore companies accessing the regulatory void that is Canada.

The potential is really strong right now for a full and well regulated online casino gambling market that allows the Canadian government more robust controls over the types of gambling permitted as well as the companies accessing Canadian gamblers. The four provinces are currently discussing the possibilities and feasibility of implementing these new regulatory ideas.