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Briefing

Canadian firms prepare for changes to single-game sports-betting laws

The Safe and Regulated Sports Betting Act was due to get its second reading in Parliament on Tuesday. If passed, the private member’s bill would allow provinces to lift prohibitions on single-event betting in Canada. Rogers and Toronto-based Score Media and Gaming are among the Canadian firms already preparing for changes to the law. (Financial Post)

Briefing

Canadian firms prepare for changes to single-game sports-betting laws

By Catherine McIntyre
Nov 3, 2020
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The Safe and Regulated Sports Betting Act was due to get its second reading in Parliament on Tuesday. If passed, the private member’s bill would allow provinces to lift prohibitions on single-event betting in Canada. Rogers and Toronto-based Score Media and Gaming are among the Canadian firms already preparing for changes to the law. (Financial Post)

Talking point: Rogers is lobbying the federal government on the bill; it’s also hiring someone for “the exciting new role of Director, Sports Gaming,” as the company plans to integrate sports betting “into some of our core consumer offerings,” according to a job posting. Score Media plans to add gambling options in Canada if the bill passes; currently, users of its gambling app can place wagers on games in New Jersey, Colorado and Indiana. Montreal-based payment-processing firm Nuvei was recently approved to support sports betting in Colorado and Indiana. The new law aims to capture Canadians’ spending on sports betting, the vast majority of which currently leaves the country. According to the Canadian Gaming Association, Canadians spend about $14 billion through offshore websites and illegal bookmaking operations each year and just $500 million through domestic sports-betting operations.

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