BC Casinos Pressured for $10k Wager Cap
Posted on July 2nd, 2018 at 12:07pm
Suspicious Activity from BC’s VIPsA continuous stream of shocking headlines stemmed from the revelation of this report, including countless students and stay-at-home mothers earning millions of Canadian dollars in cash buy-ins at the state’s casinos, despite there being no apparent sources of income. Liberals also shut down a gambling investigation authority when it began to raise relevant questions surrounding these findings. While these occurrences did prompt new anti-money laundering rules to be put in place to significantly limit VIPs’ gambling activities, the recent poll shows that 68% of participants are in agreement that gaming tables with wager limits of over CA$10,000 should be banned outright. In March, the province’s government noted that putting a $10,000 cap on table game wagers would cost the administration a massive CA$88 million in lost annual revenues.
Industry Updates Under ReviewIn 2017, former senior policeman Peter German was given the task of reviewing British Columbia’s gambling industry and making appropriate recommendations. The state’s attorney general David Eby is also currently assessing these recommendations, and an official report will be publicly published some time in the next few weeks. To a different tune, the BCLC has now signed a new multi-year agreement with SG Digital, a subsidiary of Vegas gambling giant Scientific Games, to supply it with an expanded sportsbook offering. The BCLC’s PlayNow.com domain has offered SG’s OpenBet platform since it hit the market in 2010, and the extended deal now also includes a complete upgrade of the current online sports betting solutions. The upgrades are set to be fully integrated by the end of 2018. Source links: https://calvinayre.com/2018/06/22/casino/british-columbia-casinos-high-limit-games/
More Casino News: