Wednesday, August 18, 2010

Online Gambling coming to Ontario in 2012

The Crown Corporation will spend the next year and a half deciding on how to proceed with creating an online casino site. The OLG has had several scandals in the past couple of years, and skeptics are concerned about their ability to operate a gambling website.

British Columbia did all of their research and launched their online casino site earlier this year. Within hours, the site had to be shut down because of security breaches. Initially it had been reported that large amounts of traffic caused the site to become overloaded, but that was later refuted.

The OLG funds important aspects of life in Ontario including public employment, education, and hospital care. Officials are estimating that hundreds of millions of dollars would be pumped into these programs when the Internet gambling site is launched.

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British Columbia made the move to online gambling when lawmakers realized that millions of dollars was being sent to offshore gambling sites by B.C. residents. Ontario officials estimate that $400 million currently goes to sites outside of the province.

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